NEW YORK (TheStreet) -- Shares of OGE Energy Corp. (OGE) - Get Report are falling 7.05% to $25.06 on heavy trading volume late Friday afternoon following the release of its 2015 fourth quarter results.
Before today's market open, the Oklahoma City-based electric utility and energy provider posted earnings of 15 cents per diluted share, missing analysts' estimates of 23 cents per share.
Revenue for the period was $447.1 million, which fell short of Wall Street's expectations of $532.9 million.
"The significant drop in commodity prices had an impact on our business as well as our communities," CEO Sean Trauschke said in a statement. "However, we have made significant investments to improve our business and our company is better positioned to handle these challenges," he added.
For 2016, the company forecasts earnings per diluted share in the range of $1.72 to $1.83, which is lower than analysts' expectations of of $1.91 per share.
About 2.27 million of the company's shares changed hands by this afternoon compared to its average volume of 1.67 million shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures.
As a counter to these strengths, the team also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: OGE