Oge Energy Corp. (NYSE: OGE)’s stock price has dropped by -1.21 in relation to previous closing price of 40.61. Nevertheless, the company has seen a gain of 0.27% in its stock price over the last five trading days. zacks.com reported 2024-09-09 that OGE Energy (OGE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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 19.62x compared to its average ratio. OGE has 36-month beta value of 0.73. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for OGE is 199.95M, and currently, short sellers hold a 1.90% ratio of that float. The average trading volume of OGE on September 20, 2024 was 1.04M shares.
OGE’s Market Performance
OGE’s stock has seen a 0.27% increase for the week, with a 2.09% rise in the past month and a 13.69% gain in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are at 1.24% for Oge Energy Corp.. The simple moving average for the past 20 days is 0.48% for OGE’s stock, with a 12.62% simple moving average for the past 200 days.
Analysts’ Opinion of OGE
Barclays, on the other hand, stated in their research note that they expect to see OGE reach a price target of $34. The rating they have provided for OGE stocks is “Equal Weight” according to the report published on April 22nd, 2024.
Ladenburg Thalmann gave a rating of “Neutral” to OGE, setting the target price at $34 in the report published on January 16th of the current year.
OGE Trading at 3.10% 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 -3.28% of loss for the given period.
Volatility was left at 1.24%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +1.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.26% upper at present.
During the last 5 trading sessions, OGE rose by +0.27%, which changed the moving average for the period of 200-days by +13.05% in comparison to the 20-day moving average, which settled at $39.96. In addition, Oge Energy Corp. saw 14.86% 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 9.28, with 3.18 for asset returns.
Based on Oge Energy Corp. (OGE), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 2.73.
Currently, EBITDA for the company is 1.19 billion with net debt to EBITDA at 4.33. When we switch over and look at the enterprise to sales, we see a ratio of 4.81. The receivables turnover for the company is 8.26for 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 0.71.
Conclusion
To put it simply, Oge Energy Corp. (OGE) has had a better 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.
