Oge Energy Corp [OGE] stock is trading at $41.03, up 2.99%. 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 2.50% over the last week, with a monthly amount glided 3.19%, 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 September 20, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $46. Previously, Argus downgraded its rating to Hold on May 23, 2024. On April 22, 2024, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $34 on the stock. Ladenburg Thalmann downgraded its rating to a Neutral and decreased its price target to $34 on January 16, 2024. Barclays initiated its recommendation with a Overweight and recommended $36 as its price target on August 23, 2023. Ladenburg Thalmann upgraded its rating to Buy for this stock on June 15, 2023, and upped its price target to $39. In a note dated April 20, 2023, Ladenburg Thalmann initiated an Neutral rating and provided a target price of $37 on this stock.
Oge Energy Corp [OGE] stock has fluctuated between $32.06 and $41.48 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 $41.03 at the most recent close of the market. An investor can expect a potential return of 8.46% based on the average OGE price forecast.
Analyzing the OGE fundamentals
Oge Energy Corp [NYSE:OGE] reported sales of 2.77B for the trailing twelve months, which represents a growth of 9.52%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.28, Equity is 0.09 and Total Capital is 2.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.14.
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 39.74 points at the first support level, and at 38.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.69, and for the 2nd resistance point, it is at 42.34.
Ratios To Look Out For
For context, Oge Energy Corp’s Current Ratio is 0.71. As well, the Quick Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 2.97, the price to book ratio is 1.84 and price to earnings (TTM) ratio is 20.07.
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.
