OGE Energy Corp. (NYSE:OGE) finished Friday with a subtraction of -$0.67 to close at $39.55, a downside of -1.67 percent. An average of 637,860 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,108,270 shares traded, while the 50-day average volume stands at 1,140,738.
OGE stock has decreased by -2.25% in the last month. The company shares reached their 1-month lowest point of $38.79 on 12/20/22. With the stock rallying to its 52-week high on 08/18/22, shares of the company touched a low of $33.28 and a high of $42.91 in 52 weeks. It has reached a new high 15 times so far this year and achieved 3.05% or $1.17 in price. In spite of this, the price is down -7.83% from the 52-week high.
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OGE stock investors should be aware that OGE Energy Corp. (OGE) stock had its last reported insider trading activity 50 days ago on Nov 11. In this transaction, the insider spent $117,257. VP-Governance & Corp Sec, Horn Patricia D, disposed of 4,015 shares at a price of $39.95 on Mar 28. The insider now owns more than $160,399 worth of shares. Prior to that, VP- Corp Resp & Stewardship McQuistion Cristina F went on to Sale 2,200 shares at $39.41 each on Mar 08. An amount of $86,703 was transacted.
OGE Energy Corp. (OGE) has a trailing price-to-earnings (P/E) ratio of 8.49. The stock’s beta is 0.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.41, the price-to-book (PB) ratio at 1.78.
The company has a payout ratio of 35.10%. The company’s most recent quarterly dividend payment was $0.4140 a share, without any change from last year. Its latest increase dividend $0.0040 reported on Tuesday September 27 2022.
The quick ratio of OGE Energy Corp. for the three months ended June 29 was 0.80, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.80 and a total debt to equity ratio of 1.02 for the quarter ending June 29. Its gross profit as reported stood at $544.2 million compared to revenue of $3.65 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, OGE Energy Corp.’s return on assets was 7.30%.
For the three-month period that ended June 29, OGE Energy Corp. had $3.55 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $262.8 million in the quarter, while revenues of $73.1 million were grew 3.92%. The analyst consensus anticipated OGE Energy Corp.’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.36, a -12.20% surprise. For the quarter, EBITDA amounted to $440.3 million. Shareholders own equity worth $200.2 million.
From a technical analysis perspective, let’s take a brief look at OGE Energy Corp. (OGE) price momentum. RSI 9-day as of the close on 30 December was 46.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.88%.
As of today, OGE’s price is $39.99 -0.05% or -$0.02 from its 5-day moving average. OGE is currently trading -0.78% lower than its 20-day SMA and -3.58% lower than its 100-day SMA. However, the stock’s current price level is +13.58% above the SMA50 and +2.04% above the SMA200.
The stochastic %K and %D were 49.62% and 55.96%, respectively, and the average true range (ATR) was 0.75. With the 14-day stochastic at 34.39% and the average true range at 0.76, the RSI (14) stands at 50.21%. The stock has reached 0.16 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.
Credit Suisse launched coverage on OGE Energy Corp. (NYSE: OGE) in its analyst report released on April 26, 2022. The firm assigned the stock a Neutral rating. The consensus rating for OGE Energy Corp. (OGE) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OGE, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is OGE’s price target for the next 12 months?
Analysts predict a range of price targets between $34.00 and $42.00, with a median target of $37.50. Taking a look at these predictions, the average price target given by analysts for OGE Energy Corp. (OGE) stock is $37.83.