Jefferies Group Increases OGE Energy Corp. Price Target to $37.50 (OGE)
Equities researchers at Jefferies Group hoisted their target price on shares of OGE Energy Corp. (NYSE:OGE) from $36.50 to $37.50 in a research report issued on Wednesday, American Banking and Market News reports. Jefferies Group’s price target would indicate a potential upside of 3.53% from the stock’s previous close.
Shares of OGE Energy Corp. (NYSE:OGE) traded down 0.50% on Wednesday, hitting $36.04. 1,456,210 shares of the company’s stock traded hands. OGE Energy Corp. has a one year low of $28.675 and a one year high of $40.00. The stock has a 50-day moving average of $34.43 and a 200-day moving average of $35.40. The company has a market cap of $7.152 billion and a P/E ratio of 19.56.
OGE Energy Corp. (NYSE:OGE) last announced its earnings results on Tuesday, February 25th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.04. The company had revenue of $508.90 million for the quarter, compared to the consensus estimate of $468.10 million. Analysts expect that OGE Energy Corp. will post $1.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, April 8th.
A number of other firms have also recently commented on OGE. Analysts at Wunderlich cut their price target on shares of OGE Energy Corp. from $40.00 to $35.00 in a research note on Friday, February 14th. They now have a “hold” rating on the stock. Analysts at KeyCorp initiated coverage on shares of OGE Energy Corp. in a research note on Monday, December 23rd. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $41.36.
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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