Korea Electric Power (NYSE:KEP) Shares Gap Down - What's Next?

Key Points

• Korea Electric Power's share price gapped down from $14.79 to $14.01 before opening on Friday, currently trading at $14.12 with a significant trading volume of 569,103 shares.
• Despite the recent drop in stock price, Wall Street Zen upgraded Korea Electric Power from a "buy" to a "strong-buy" rating.
• The company reported earnings of $1.25 per share for the quarter, surpassing estimates, but its revenue of $16.67 billion fell short of the expected $17.04 billion.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $14.79, but opened at $14.01. Korea Electric Power shares last traded at $14.12, with a volume of 569,103 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Korea Electric Power from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th.

Korea Electric Power Stock Performance

The stock's 50-day moving average is $12.76 and its 200-day moving average is $9.85. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 4.72 and a beta of 0.95. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.47 and a quick ratio of 0.32.

Korea Electric Power (NYSE:KEP - Get Free Report) last announced its earnings results on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.35. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%. The firm had revenue of $16.67 billion for the quarter, compared to analyst estimates of $17.04 billion.

Institutional Trading of Korea Electric Power

A number of hedge funds have recently bought and sold shares of KEP. O Shaughnessy Asset Management LLC boosted its holdings in shares of Korea Electric Power by 14.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider's stock valued at $133,000 after purchasing an additional 2,392 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of Korea Electric Power by 74.0% in the 4th quarter. Trexquant Investment LP now owns 35,055 shares of the utilities provider's stock valued at $241,000 after purchasing an additional 14,914 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Korea Electric Power in the 4th quarter valued at $530,000. XTX Topco Ltd acquired a new position in shares of Korea Electric Power in the 4th quarter valued at $78,000. Finally, Marshall Wace LLP boosted its holdings in shares of Korea Electric Power by 93.7% in the 4th quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider's stock valued at $1,179,000 after purchasing an additional 82,902 shares during the last quarter.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.