Oge Energy Corp. [OGE] stock prices are up 0.93% to $40.07 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OGE shares have gain 1.93% over the last week, with a monthly amount glided 4.24%, 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 May 23, 2024, when Argus downgraded its rating to a Hold. Previously, Barclays downgraded its rating to Equal Weight on April 22, 2024, and kept the price target unchanged to $34. On January 16, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $34 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $36 on August 23, 2023. Ladenburg Thalmann upgraded its rating to a Buy and raised its price target to $39 on June 15, 2023. Ladenburg Thalmann started tracking with a Neutral rating for this stock on April 20, 2023, and assigned it a price target of $37. In a note dated February 28, 2023, UBS downgraded an Neutral rating on this stock and revised its target price from $41 to $39.
The stock price of Oge Energy Corp. [OGE] has been fluctuating between $31.25 and $40.36 over the past year. Currently, Wall Street analysts expect the stock to reach $44.5 within the next 12 months. Oge Energy Corp. [NYSE: OGE] shares were valued at $40.07 at the most recent close of the market. An investor can expect a potential return of 11.06% based on the average OGE price forecast.
Analyzing the OGE fundamentals
The Oge Energy Corp. [NYSE:OGE] reported sales of 2.77B for trailing twelve months, representing a surge of 9.52%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.15%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.18.
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 39.77 points at the first support level, and at 39.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.33, and for the 2nd resistance point, it is at 40.60.
Ratios To Look Out For
It’s worth pointing out that Oge Energy Corp. [NYSE:OGE]’s Current Ratio is 0.71. Further, the Quick Ratio stands at 0.36, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.90, the price to book ratio is 1.80 and price to earnings (TTM) ratio is 19.60.
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.
