The stock of OGE Energy Corp. (NYSE:OGE) increased by $0.14 on Friday to finish at $34.23, up 0.41 percent. The last five days have seen an average of 1,259,220 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$5.32. The average number of shares traded over the last 20 days was 1,238,010, while the average volume over the last 50 days totaled 1,177,148.
OGE stock dropped -5.15% since last month. On 08/21/23, the company’s shares reached a one-month low of $33.37. The stock touched a high of $42.28 on 01/12/23, after rallying from a low of $33.28 in 52 weeks. The price of OGE stock has declined by -13.45% or -$5.32 this year, reaching a new high 5 times. Still, the stock price is down -19.04% from the 52-week high.
Insider Transactions
OGE stock investors should be aware that OGE Energy Corp. (OGE) stock had its last reported insider trading activity 167 days ago on Mar 14. On Mar 14, Director HAUSER DAVID L acquired 1,000 shares at $35.09 each. This transaction resulted in the insider spending $35,089. On Mar 06, Gates Cathy R. added 100 shares at a price of US$35.85. After the transaction, the insider now owns 100 shares. Director RAINBOLT DAVID E had earlier bought 5,000 shares on Feb 27 for $36.65 a share. The transaction was completed for $183,235.
Valuation Metrics
OGE Energy Corp. (OGE) has a trailing price-to-earnings (P/E) ratio of 15.64. Beta for the stock is 0.70. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.17, the price-to-book (PB) ratio of 1.57, and the price-to-cash flow ratio of 61.40.
Company paid $0.4140 per share in dividends, a decrease of -0.02% from $0.4141 last year. A $0.0001 dividend decrease was reported on Thursday May 18 2023.
Financial Health
For the three months ended June 29, OGE Energy Corp.’s quick ratio was 0.50, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.99, and the total debt to equity ratio is 1.09. As far as profitability goes, gross margin for the trailing twelve months is 55.60% percent. OGE Energy Corp.’s EBITDA margin for the year ended June 29 was 32.89%, whereas its operating margin stood at 20.10% for the same period. Based on annual data, it had gross profit of $649.5 million and revenue of $3.38 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OGE’s return on assets (ROA) during the last 12 months has been 3.50%. There was a 5.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.00%.
Earnings Surprise
According to OGE Energy Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $605.0 million, while revenues fell by -32.84% to $557.2 million. It was predicted that OGE Energy Corp.’s quarterly earnings would be $0.44, but it ended up being $0.45, beating the consensus by -2.20%. EBITDA was $270.5 million for the quarter. At the end of OGE Energy Corp.’s most recent quarter ended June 29, its liabilities totaled 8.23 billion, while its total debt was $4.76 billion. Equity owned by shareholders amounts to $200.29 million.
Technical Picture
Here’s a quick look at OGE Energy Corp.’s (OGE) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 45.29%, suggesting the stock is Neutral, with a 13.30% historical volatility rate.
The stochastic %K and %D were 47.53% and 38.69% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 54.09%, the RSI (14) reading is 42.90%. On the 9-day MACD Oscillator, the stock is at 0.24, and the 14-day reading is at 0.09.
Analyst Ratings
In its analyst report released on August 23, 2023, Barclays began covering OGE Energy Corp. (NYSE: OGE). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned OGE Energy Corp. (OGE) an Hold rating. OGE is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is OGE’s price target for the next 12 months?
The current consensus forecast for the stock is between $35.00 and $39.00, with a median target price of $36.00. In analyzing these forecasts, the average price target given by analysts for OGE Energy Corp. (OGE) is $36.88.
