OGE Energy Corporation (OGE) Given Media Impact Rating of 0.14
Media coverage about OGE Energy Corporation (NYSE:OGE) has been trending somewhat positive on Thursday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OGE Energy Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 47.6192367506468 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- OK Corporation Commission task force has important job (newsok.com)
- EVERTEC, Inc., (NYSE: EVTC), Adecoagro SA, (NYSE: AGRO), OGE Energy Corp., (NYSE: OGE), Ladder Capital Corp … – Stocks In The News (press release) (tradingnewsnow.com)
- Active Stock’s Momentum: Adecoagro SA, (NYSE: AGRO), OGE Energy Corp., (NYSE: OGE), American Equity … – Stocks In The News (press release) (tradingnewsnow.com)
- Reviewing OGE Energy Corporation (OGE) and Its Rivals (americanbankingnews.com)
- NYSE Favorite Dividend Stocks (finance.yahoo.com)
OGE Energy Corporation (NYSE:OGE) traded up $0.09 during trading on Thursday, hitting $34.91. 610,000 shares of the stock were exchanged, compared to its average volume of 1,000,169. The company has a market cap of $6,953.73, a P/E ratio of 18.23, a P/E/G ratio of 3.98 and a beta of 0.93. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.76. OGE Energy Corporation has a fifty-two week low of $30.72 and a fifty-two week high of $37.40.
OGE Energy Corporation (NYSE:OGE) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). The business had revenue of $716.80 million for the quarter, compared to the consensus estimate of $728.18 million. OGE Energy Corporation had a net margin of 16.69% and a return on equity of 10.92%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. equities research analysts anticipate that OGE Energy Corporation will post 1.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.333 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.82%. OGE Energy Corporation’s dividend payout ratio is currently 69.63%.
A number of research firms have issued reports on OGE. Jefferies Group LLC reiterated a “hold” rating and issued a $37.00 target price (up previously from $35.00) on shares of OGE Energy Corporation in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of OGE Energy Corporation in a research report on Friday, September 1st. Bank of America Corporation assumed coverage on shares of OGE Energy Corporation in a report on Tuesday, October 24th. They set an “underperform” rating and a $37.00 price target on the stock. Finally, Wells Fargo & Company downgraded shares of OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. OGE Energy Corporation presently has an average rating of “Hold” and an average target price of $36.67.
In related news, VP Patricia D. Horn sold 10,051 shares of OGE Energy Corporation stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total value of $357,413.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by company insiders.
OGE Energy Corporation Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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