OGE Energy Corp. (NYSE:OGE) saw an upside of 0.95% to close Tuesday at $34.13 after adding $0.32 on the day. The 5-day average trading volume is 1,405,200 shares of the company’s common stock. It has gained $34.31 in the past week and touched a new high 4 times within the past 5 days. An average of 1,226,350 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,160,226.
OGE’s 1-month performance is -6.70% or -$2.86 on its low of $33.37 reached on 08/21/23. The company’s shares have touched a 52-week low of $33.28 and high of $42.67, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, OGE has lost -13.70% or -$5.42 and has reached a new high 5 times. However, the current price is down -20.01% from the 52-week high price.
Insider Transactions
OGE stock investors last saw insider trading activity on Mar 14.McQuistion Cristina F (VP- Corp. Resp./Stewardship) most recently sold 3,067 shares at $38.23 per share on Nov 11. This transaction cost the insider $117,257.
Valuation Metrics
OGE stock has a beta of 0.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.16 while the price-to-book (PB) in the most recent quarter is 1.56, with the price to cash flow ratio at 61.06.
OGE Energy Corp.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.99, while the total debt to equity was 1.09.. In terms of profitability, the gross margin trailing 12 months is 55.60%. The trailing 12-month EBITDA margin is 32.89% while for the period ending June 29, OGE Energy Corp.’s operating margin was 20.10%. The firm’s gross profit as reported stood at $649.5 million against revenue of $3.38 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.31% to $88.4 million, while revenue of $38.3 million was 56.67% off the previous quarter. Analysts expected OGE to announce $0.45 per share in earnings in its latest quarter, but it posted $0.44, representing a -2.20% surprise. EBITDA for the quarter stood at more than $270.5 million. OGE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.23 billion, with total debt at $4.76 billion. Shareholders hold equity totaling $200.29 million.
Let’s look briefly at OGE Energy Corp. (OGE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 41.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.90%.
The stock’s 5-day moving average is $33.94, reflecting a +2.09% or $0.70 change from its current price. OGE is currently trading -7.08% above its 20-day SMA, -7.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.85% and SMA200 by-6.29%.
Stochastic %K and %D was 23.01% and 20.02% and the average true range (ATR) pointed at 0.58. The RSI (14) points at 40.46%, while the 14-day stochastic is at 29.01% with the period’s ATR at 0.59. The stock’s 9-day MACD Oscillator is pointing at 0.01 and -0.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for OGE Energy Corp. (NYSE: OGE), Ladenburg Thalmann upgraded it to a Buy rating. They previously had a Neutral rating on the stock.
