Korea Electric Power (NYSE:KEP) Releases Earnings Results

Korea Electric Power (NYSE:KEP) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19), Zacks reports. The firm had revenue of $14.60 billion during the quarter, compared to analyst estimates of $14.90 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.

Korea Electric Power Stock Up 1.4%

Shares of KEP stock opened at $11.37 on Thursday. Korea Electric Power has a 1 year low of $11.10 and a 1 year high of $23.41. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43. The business’s fifty day moving average is $11.83 and its 200-day moving average is $13.44. The stock has a market cap of $14.60 billion, a PE ratio of 2.38, a price-to-earnings-growth ratio of 2.18 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KEP shares. Nomura lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, Weiss Ratings lowered shares of Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Korea Electric Power currently has an average rating of “Reduce”.

About Korea Electric Power

Korea Electric Power Corporation (KEPCO) is South Korea’s state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO’s business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.