Oge Energy Corp. (OGE) Shares Plummet Below 1-Year High

Oge Energy Corp. (NYSE: OGE) has seen a decline in its stock price by -0.64 in relation to its previous close of 34.55. However, the company has experienced a 2.88% gain in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-01 that OKLAHOMA CITY, April 1, 2024 /PRNewswire/ — OGE Energy Corp. (NYSE: OGE) will hold its quarterly earnings and business update conference call at 9 a.m. Eastern Time (8 a.m.

Is It Worth Investing in Oge Energy Corp. (NYSE: OGE) Right Now?

Oge Energy Corp. (NYSE: OGE) has a higher price-to-earnings ratio of 16.54x compared to its average ratio. OGE has 36-month beta value of 0.72. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”

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The public float for OGE is 199.31M, and currently, short sellers hold a 2.66% ratio of that float. The average trading volume of OGE on April 04, 2024 was 1.60M shares.

OGE’s Market Performance

The stock of Oge Energy Corp. (OGE) has seen a 2.88% increase in the past week, with a 2.39% rise in the past month, and a -3.05% fall in the past quarter. The volatility ratio for the week is 1.47%, and the volatility levels for the past 30 days are at 1.47% for OGE. The simple moving average for the past 20 days is 1.35% for OGE’s stock, with a -0.42% simple moving average for the past 200 days.

Analysts’ Opinion of OGE

Many brokerage firms have already submitted their reports for OGE stocks, with Ladenburg Thalmann repeating the rating for OGE by listing it as a “Neutral.” The predicted price for OGE in the upcoming period, according to Ladenburg Thalmann is $34 based on the research report published on January 16, 2024 of the current year 2024.

Barclays, on the other hand, stated in their research note that they expect to see OGE reach a price target of $36. The rating they have provided for OGE stocks is “Overweight” according to the report published on August 23rd, 2023.

Ladenburg Thalmann gave a rating of “Buy” to OGE, setting the target price at $39 in the report published on June 15th of the previous year.

OGE Trading at 3.01% from the 50-Day Moving Average

After a stumble in the market that brought OGE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.18% of loss for the given period.

Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares surge +2.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.86% upper at present.

During the last 5 trading sessions, OGE rose by +2.88%, which changed the moving average for the period of 200-days by -6.07% in comparison to the 20-day moving average, which settled at $33.91. In addition, Oge Energy Corp. saw -1.72% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at OGE starting from McQuistion Cristina F, who sale 4,187 shares at the price of $33.92 back on Mar 06 ’24. After this action, McQuistion Cristina F now owns 25,926 shares of Oge Energy Corp., valued at $142,006 using the latest closing price.

Stock Fundamentals for OGE

Current profitability levels for the company are sitting at:

  • 0.24 for the present operating margin
  • 0.47 for the gross margin

The net margin for Oge Energy Corp. stands at 0.16. The total capital return value is set at 0.06. Equity return is now at value 9.34, with 3.29 for asset returns.

Based on Oge Energy Corp. (OGE), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 2.8.

Currently, EBITDA for the company is 1.19 billion with net debt to EBITDA at 4.04. When we switch over and look at the enterprise to sales, we see a ratio of 4.38. The receivables turnover for the company is 8.92for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.

Conclusion

To put it simply, Oge Energy Corp. (OGE) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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