Oge Energy Corp. (NYSE: OGE) has a price-to-earnings ratio that is above its average at 16.70x. The stock has a 36-month beta value of 0.71. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for OGE is 199.42M, and at present, short sellers hold a 2.40% of that float. On May 01, 2024, the average trading volume of OGE was 1.57M shares.
OGE) stock’s latest price update
Oge Energy Corp. (NYSE: OGE) has seen a rise in its stock price by 0.09 in relation to its previous close of 34.62. However, the company has experienced a 2.15% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that Investors interested in Utility – Electric Power stocks are likely familiar with Pinnacle West (PNW) and OGE Energy (OGE). But which of these two companies is the best option for those looking for undervalued stocks?
OGE’s Market Performance
OGE’s stock has risen by 2.15% in the past week, with a monthly rise of 0.87% and a quarterly rise of 4.59%. The volatility ratio for the week is 1.94% while the volatility levels for the last 30 days are 1.67% for Oge Energy Corp. The simple moving average for the past 20 days is 2.69% for OGE’s stock, with a 1.18% simple moving average for the past 200 days.
Analysts’ Opinion of OGE
Many brokerage firms have already submitted their reports for OGE stocks, with Barclays repeating the rating for OGE by listing it as a “Equal Weight.” The predicted price for OGE in the upcoming period, according to Barclays is $34 based on the research report published on April 22, 2024 of the current year 2024.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see OGE reach a price target of $34, previously predicting the price at $36. The rating they have provided for OGE stocks is “Neutral” according to the report published on January 16th, 2024.
Barclays gave a rating of “Overweight” to OGE, setting the target price at $36 in the report published on August 23rd of the previous year.
OGE Trading at 2.97% 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 -8.91% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +0.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.00% upper at present.
During the last 5 trading sessions, OGE rose by +2.15%, which changed the moving average for the period of 200-days by -4.68% in comparison to the 20-day moving average, which settled at $33.75. In addition, Oge Energy Corp. saw -0.80% 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 4.41. 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 sum up, Oge Energy Corp. (OGE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
