Oge Energy Corp. [OGE] stock prices are up 2.71% to $34.05 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OGE shares have gain 3.43% over the last week, with a monthly amount glided 1.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Oge Energy Corp. [NYSE: OGE] stock has seen the most recent analyst activity on January 16, 2024, when Ladenburg Thalmann downgraded its rating to a Neutral and also revised its price target to $34 from $36. Previously, Barclays started tracking the stock with Overweight rating on August 23, 2023, and set its price target to $36. On June 15, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $39 on the stock. Ladenburg Thalmann started tracking the stock assigning a Neutral rating and suggested a price target of $37 on April 20, 2023. UBS downgraded its rating to a Neutral and reduced its price target to $39 on February 28, 2023. BofA Securities downgraded its rating to Neutral for this stock on February 24, 2023, and downed its price target to $39. In a note dated January 23, 2023, Guggenheim downgraded an Neutral rating on this stock and boosted its target price from $39 to $40.
The stock price of Oge Energy Corp. [OGE] has been fluctuating between $31.25 and $38.04 over the past year. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. Oge Energy Corp. [NYSE: OGE] shares were valued at $34.05 at the most recent close of the market. An investor can expect a potential return of 32.16% based on the average OGE price forecast.
Analyzing the OGE fundamentals
The Oge Energy Corp. [NYSE:OGE] reported sales of 2.67B for trailing twelve months, representing a drop of -20.40%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.49 points at the first support level, and at 32.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.37, and for the 2nd resistance point, it is at 34.69.
Ratios To Look Out For
It’s worth pointing out that Oge Energy Corp. [NYSE:OGE]’s Current Ratio is 0.65. As well, the Quick Ratio is 0.30, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 1.51 and price to earnings (TTM) ratio is 16.41.
Transactions by insiders
Recent insider trading involved McQuistion Cristina F, VP- Corp. Resp.& Stewardship, that happened on Mar 06 ’24 when 4187.0 shares were sold.
