OGE Energy Corp. Receives “Buy” Rating from Jefferies Group (OGE)
OGE Energy Corp. (NYSE:OGE)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Friday. They currently have a $40.00 price target on the stock, down from their previous price target of $42.00. Jefferies Group’s price objective would suggest a potential upside of 14.32% from the stock’s previous close.
Shares of OGE Energy Corp. (NYSE:OGE) opened at 34.99 on Friday. OGE Energy Corp. has a 52-week low of $32.85 and a 52-week high of $40.00. The stock’s 50-day moving average is $37.35 and its 200-day moving average is $36.24. The company has a market cap of $6.968 billion and a P/E ratio of 16.98.
OGE Energy Corp. (NYSE:OGE) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.01. The company had revenue of $611.80 million for the quarter, compared to the consensus estimate of $594.60 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that OGE Energy Corp. will post $2.01 EPS for the current fiscal year.
A number of other firms have also recently commented on OGE. Analysts at Argus upgraded shares of OGE Energy Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $44.00 price target on the stock. Analysts at Barclays initiated coverage on shares of OGE Energy Corp. in a research note on Wednesday, May 21st. They set an “overweight” rating and a $41.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.60.
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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