Oge Energy Corp. (NYSE: OGE)’s stock price has soared by 1.12 in relation to previous closing price of 35.57. Nevertheless, the company has seen a gain of 3.81% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that OGE Energy’s (OGE) first-quarter earnings and revenues miss the Zacks Consensus Estimate. The company keeps its 2024 EPS outlook unchanged.
Is It Worth Investing in Oge Energy Corp. (NYSE: OGE) Right Now?
The price-to-earnings ratio for Oge Energy Corp. (NYSE: OGE) is above average at 18.19x, Company’s 36-month beta value is 0.72.Analysts have differing 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 199.63M, and currently, short sellers hold a 2.39% ratio of that floaft. The average trading volume of OGE on May 08, 2024 was 1.62M shares.
OGE’s Market Performance
OGE stock saw an increase of 3.81% in the past week, with a monthly gain of 5.70% and a quarterly increase of 10.37%. The volatility ratio for the week is 1.89%, and the volatility levels for the last 30 days are 1.80% for Oge Energy Corp. (OGE).. The simple moving average for the past 20 days is 5.88% for OGE’s stock, with a 5.10% 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 6.31% 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 -5.44% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares surge +5.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.60% upper at present.
During the last 5 trading sessions, OGE rose by +3.81%, which changed the moving average for the period of 200-days by -2.76% in comparison to the 20-day moving average, which settled at $34.06. In addition, Oge Energy Corp. saw 2.98% in overturn over a single year, with a tendency to cut further gains.
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 0.15. The total capital return value is set at 0.06. Equity return is now at value 9.01, with 3.09 for asset returns.
Based on Oge Energy Corp. (OGE), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.15. The interest coverage ratio of the stock is 2.67.
Currently, EBITDA for the company is 1.19 billion with net debt to EBITDA at 4.3. When we switch over and look at the enterprise to sales, we see a ratio of 4.53. The receivables turnover for the company is 10.29for 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 0.51.
Conclusion
In a nutshell, Oge Energy Corp. (OGE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
