Oge Energy Corp. (NYSE:OGE) finished Friday with an addition of $0.15 to close at $33.33, an upside of 0.45 percent. An average of 1,278,360 shares of common stock have been traded in the last five days. There was a fall of -$1.75 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 1,329,890 shares traded, while the 50-day average volume stands at 1,252,484.
OGE stock has decreased by -3.03% in the last month. The company shares reached their 1-month lowest point of $32.78 on 09/05/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $32.78 and a high of $41.00 in 52 weeks. It has reached a new high 5 times so far this year and lost -15.73% or -$6.22 in price. In spite of this, the price is down -18.71% 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 323 days ago on Mar 14.
Valuation Metrics
Oge Energy Corp. (OGE) has a trailing price-to-earnings (P/E) ratio of 15.22. The stock’s beta is 0.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.12, the price-to-book (PB) ratio at 1.52, and the price-to-cash flow ratio at 60.03.
The company has a payout ratio of 49.72%. The company’s most recent quarterly dividend payment was $0.4182 a share, representing a up of 1.01% from $0.4140 last year.
Financial Health
The quick ratio of Oge Energy Corp. for the three months ended June 29 was 0.55, and the current ratio was 0.84, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.99 and a total debt to equity ratio of 1.09 for the quarter ending June 29. Its gross profit as reported stood at $649.5 million compared to revenue of $3.38 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 3.46%.
Earnings Surprise
For the three-month period that ended June 29, Oge Energy Corp. had $4.34 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 $88.4 million in the quarter, while revenues of $38.3 million were grew 17.31%. The analyst consensus anticipated Oge Energy Corp.’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.44, a -2.20% surprise. For the quarter, EBITDA amounted to $270.5 million. Shareholders own equity worth $200.29 million.
Technical Picture
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 29 September was 28.73%, suggesting the stock is oversold, with historical volatility in this time frame at 16.32%.
As of today, OGE’s price is $33.79 -4.99% or -$1.75 from its 5-day moving average. OGE is currently trading -2.11% lower than its 20-day SMA and -11.24% lower than its 100-day SMA. However, the stock’s current price level is -8.81% below the SMA50 and -17.11% below the SMA200.
The stochastic %K and %D were 4.72% and 13.08%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 8.57% and the average true range at 0.59, the RSI (14) stands at 35.03%. The stock has reached -1.16 on the 9-day MACD Oscillator while the 14-day reading was at -1.51.
Analyst Ratings
Barclays launched coverage on Oge Energy Corp. (NYSE: OGE) in its analyst report released on August 23, 2023. The firm assigned the stock an Overweight 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 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 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 $35.00 and $39.00, with a median target of $36.00. Taking a look at these predictions, the average price target given by analysts for Oge Energy Corp. (OGE) stock is $36.57.
