At the time of writing, Oge Energy Corp [OGE] stock is trading at $40.96, up 1.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OGE shares have lost -2.57% over the last week, with a monthly amount drifted -5.12%, and not 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.
For the past year, the stock price of Oge Energy Corp fluctuated between $32.06 and $44.41. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Oge Energy Corp [NYSE: OGE] shares were valued at $40.96 at the most recent close of the market. An investor can expect a potential drop of -4.79% based on the average OGE price forecast.
Analyzing the OGE fundamentals
According to Oge Energy Corp [NYSE:OGE], the company’s sales were 2.79B for trailing twelve months, which represents an 2.12% jump. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.
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 40.54 points at the first support level, and at 40.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.34, and for the 2nd resistance point, it is at 41.73.
Ratios To Look Out For
It is important to note that Oge Energy Corp [NYSE:OGE] has a current ratio of 0.86. As well, the Quick Ratio is 0.47, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.95, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 21.26.
Transactions by insiders
Recent insider trading involved William Bryan Buckler, Officer, that happened on Nov 13 ’24 when 2327.0 shares were purchased. VP- Corp. Resp.& Stewardship, McQuistion Cristina F completed a deal on Nov 13 ’24 to sell 5008.0 shares. Meanwhile, Officer McQuistion Cristina F bought 5008.0 shares on Nov 13 ’24.
