BMO Capital Markets lowered shares of OGE Energy Corp. (NYSE:OGE) from an outperform rating to a market perform rating in a research report released on Wednesday morning, TheFlyOnTheWall.com reports.
Shares of OGE Energy Corp. (NYSE:OGE) traded down 2.38% during mid-day trading on Wednesday, hitting $34.48. 3,201,625 shares of the company’s stock traded hands. OGE Energy Corp. has a one year low of $27.545 and a one year high of $40.00. The stock’s 50-day moving average is $36.95 and its 200-day moving average is $35.86. The company has a market cap of $6.843 billion and a price-to-earnings ratio of 19.07.
OGE Energy Corp. (NYSE:OGE) last released its earnings data on Wednesday, November 6th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.15. The company had revenue of $723.20 million for the quarter. During the same quarter in the prior year, the company posted $1.87 earnings per share. The company’s quarterly revenue was down 35.0% on a year-over-year basis. On average, analysts predict that OGE Energy Corp. will post $1.81 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group downgraded shares of OGE Energy Corp. from a buy rating to a hold rating in a research note to investors on Wednesday. They now have a $37.50 price target on the stock, down previously from $44.50. Separately, analysts at Zacks reiterated a neutral rating on shares of OGE Energy Corp. in a research note to investors on Friday, November 8th. They now have a $40.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of OGE Energy Corp. from $38.00 to $41.00 in a research note to investors on Thursday, November 7th. They now have an overweight rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. OGE Energy Corp. has a consensus rating of Hold and an average price target of $42.07.
OGE Energy Corp. (NYSE:OGE) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States.
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