Korea Electric Power (NYSE:KEP – Get Free Report) posted its earnings results on Tuesday. The utilities provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19), Zacks reports. The firm had revenue of $14.60 billion during the quarter, compared to analysts’ expectations of $14.90 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.
Korea Electric Power Stock Performance
Shares of KEP traded up $0.14 during trading hours on Thursday, reaching $11.37. 53,790 shares of the company traded hands, compared to its average volume of 927,909. The company has a quick ratio of 0.29, a current ratio of 0.43 and a debt-to-equity ratio of 1.56. The business has a fifty day moving average price of $11.83 and a 200-day moving average price of $13.44. Korea Electric Power has a 12-month low of $11.10 and a 12-month high of $23.41. The stock has a market capitalization of $14.59 billion, a P/E ratio of 2.38, a P/E/G ratio of 2.18 and a beta of 0.95.
Analysts Set New Price Targets
Several equities analysts have recently commented on KEP shares. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Nomura cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered shares of Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Korea Electric Power has an average rating of “Reduce”.
About Korea Electric Power
Korea Electric Power Corporation (KEPCO) is South Korea’s state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.
KEPCO’s business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.
Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.
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