Oge Energy Corp. (OGE): Investing In A Time Of Crisis

money audit

Oge Energy Corp. (NYSE:OGE) currently has a daily average trading volume of 1.51M but it saw 976572 shares traded in last market. With a market cap of 7.20B USD, the company’s current market price of $35.92 came falling about -1.72 while comparing to the previous closing price of $36.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.30 and as low as $31.25.

Taking a look at 20-day trading activity of Oge Energy Corp. (OGE) gives us an average price of $36.23, while its current price level is -3.70% below from 52-week high level whereas it is 14.96% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $34.95 while that of 200 days or SMA-200 reads an average of $34.33. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.91% during that period while stretching the period over a month that decreases to 1.44%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.07 which implies that the stock is in neutral territory.

Barclays downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on April 22, 2024 while assigning a price target of $34. Ladenburg Thalmann also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $36 and $34.

Over the week, OGE’s stock price is moving 2.75% up while it is 0.98% when we observe its performance for the past one month. Year-to-date it is 2.83% up and over the past year, the stock is showing an upside performance of 0.42%.

Currently, Oge Energy Corp.’s total number of outstanding shares is 200.30M. Company’s return on investment (ROI) stands at 4.56% and return on equity (ROE) at 9.01%. It has a price to earnings ratio (P/E ratio) of 18.17 while having a 15.94 of forward P/E ratio. Stock’s beta reads 0.73. Stock has a price to book (P/B) ratio of 1.62 while price to sale or P/S ratio amounts to 2.65. Its return on asset (ROA) is 3.09% on average.