The price-to-earnings ratio for Oge Energy Corp. (NYSE: OGE) is 15.94x, which is above its average ratio. Moreover, the 36-month beta value for OGE is 0.72. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for OGE is 199.31M and currently, short sellers hold a 2.92% of that float. On April 11, 2024, OGE’s average trading volume was 1.58M shares.
OGE) stock’s latest price update
Oge Energy Corp. (NYSE: OGE)’s stock price has decreased by -3.33 compared to its previous closing price of 34.22. However, the company has seen a -3.64% decrease 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.
OGE’s Market Performance
OGE’s stock has fallen by -3.64% in the past week, with a monthly drop of -3.05% and a quarterly drop of -6.63%. The volatility ratio for the week is 1.47% while the volatility levels for the last 30 days are 1.51% for Oge Energy Corp. The simple moving average for the past 20 days is -2.48% for OGE’s stock, with a -3.87% 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 -1.14% 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 -15.07% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares sank -2.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.57% lower at present.
During the last 5 trading sessions, OGE fell by -3.64%, which changed the moving average for the period of 200-days by -7.29% in comparison to the 20-day moving average, which settled at $33.88. In addition, Oge Energy Corp. saw -5.30% 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 4.29. 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 wrap up, the performance of Oge Energy Corp. (OGE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
