Analyst Price Target Update on OGE Energy Corporation (NYSE:OGE)

OGE Energy Corporation (NYSE:OGE): The stock price is expected to reach $ 32.33 in the short term. The number of analysts agreeing with this consensus is 3. The higher estimate for the short term price target is at $33 while the lower estimate is at $32. The standard deviation of the price stands at $0.58.

Many analysts have stated their opinion on the company shares. Brokerage firm Argus Research downgrades its rating on OGE Energy Corporation (NYSE:OGE). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 11, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Controller and CAO) of Oge Energy Corp., Forbes H Scott had sold 10,000 shares worth of $305,100 in a transaction dated May 10, 2016. In this transaction, 10,000 shares were sold at $30.51 per share.

OGE Energy Corporation (NYSE:OGE) : On Monday heightened volatility was witnessed in OGE Energy Corporation (NYSE:OGE) which led to swings in the share price. The stock opened for trading at $30.92 and hit $31.33 on the upside , eventually ending the session at $31.02, with a gain of 0.26% or 0.08 points. The heightened volatility saw the trading volume jump to 1,666,622 shares. The 52-week high of the share price is $31.57 and the company has a market cap of $6,195 million. The 52-week low of the share price is at $23.37 .

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E), a wholly owned subsidiary of the Company and an electric utility-based in Oklahoma with its franchised service territory at the Fort Smith, Arkansas area. The natural gas midstream operations segment through its investment in Enable Midstream Partners, LP (Enable), through its wholly owned subsidiary OGE Holdings, which is engaged in the business of gathering, processing, transporting and storing natural gas.

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