The stock of Oge Energy Corp (OGE) has gone up by 2.50% for the week, with a 3.19% rise in the past month and a 4.22% rise in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are 1.53% for OGE. The simple moving average for the past 20 days is 1.59% for OGE’s stock, with a 12.23% simple moving average for the past 200 days.
Is It Worth Investing in Oge Energy Corp (NYSE: OGE) Right Now?
Oge Energy Corp (NYSE: OGE) has a price-to-earnings ratio that is above its average at 20.07x. The stock has a 36-month beta value of 0.74. Opinions on the stock are mixed, 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 199.95M, and at present, short sellers hold a 1.87% of that float. On November 06, 2024, the average trading volume of OGE was 983.27K shares.
OGE) stock’s latest price update
The stock price of Oge Energy Corp (NYSE: OGE) has surged by 2.99 when compared to previous closing price of 39.84, but the company has seen a 2.50% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-05 that OGE Energy Corp. (NYSE:OGE ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Jason Bailey – Director of Investor Relations Sean Trauschke – Chairman, President and Chief Executive Officer Chuck Walworth – Interim Chief Financial Officer Conference Call Participants Nathan Richardson – Barclays Konstantin Lednev – Guggenheim Partners Brian Russo – Jefferies Travis Miller – Morningstar Inc. Paul Fremont – Ladenburg Thalmann & Co. Inc. Operator Welcome to the OGE Energy Corp. Q3 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
Analysts’ Opinion of OGE
Many brokerage firms have already submitted their reports for OGE stocks, with Jefferies repeating the rating for OGE by listing it as a “Buy.” The predicted price for OGE in the upcoming period, according to Jefferies is $46 based on the research report published on September 20, 2024 of the current year 2024.
Barclays gave a rating of “Equal Weight” to OGE, setting the target price at $34 in the report published on April 22nd of the current year.
OGE Trading at 1.70% 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 -1.08% of loss for the given period.
Volatility was left at 1.53%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares surge +2.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.51% upper at present.
During the last 5 trading sessions, OGE rose by +2.50%, which changed the moving average for the period of 200-days by +25.32% in comparison to the 20-day moving average, which settled at $40.39. In addition, Oge Energy Corp saw 17.46% 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 4.87. 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 sum up, Oge Energy Corp (OGE) has seen a better 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.
