OGE Energy Corp. (OGE) Releases Earnings Results, Misses Expectations By $-0.06 EPS

OGE Energy Corp. (OGE) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.35 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.41. The company posted revenue of $551.40 million in the period. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

OGE Energy Corp. closed down -0.46 points or -1.46% at $30.98 with 10,82,311 shares getting traded on Tusday. Post opening the session at $30.75, the shares hit an intraday low of $30.75 and an intraday high of $31.44 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 12, 2016, H Scott Forbes (Controller and CAO) sold 10,000 shares at $30.51 per share price. According to the SEC, on Aug 14, 2015, Jerry A Peace (Chief Gen Plan & Procurement) sold 6,000 shares at $30.42 per share price. On Mar 6, 2015, Judy R Mcreynolds (director) purchased 1,000 shares at $31.70 per share price, according to the Form-4 filing with the securities and exchange commission.

OGE Energy Corp. (OGE Energy) 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. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates transmits distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E) a wholly owned subsidiary of the Company and an electric utility-based in Oklahoma with its franchised service territory at the Fort Smith Arkansas area. The natural gas midstream operations segment through its investment in Enable Midstream Partners LP (Enable) through its wholly owned subsidiary OGE Holdings which is engaged in the business of gathering processing transporting and storing natural gas.

OGE Energy Corp.

Leave a Reply

OGE Energy Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on OGE Energy Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.