Analyst Rating Update on OGE Energy Corporation (OGE)

OGE Energy Corporation (OGE) : 7 analysts are covering OGE Energy Corporation (OGE) and their average rating on the stock is 2.14, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

OGE Energy Corporation (OGE) : Average target price received by OGE Energy Corporation (OGE) is $34 with an expected standard deviation of $1. The most aggressive target on the stock is $35, whereas the most downbeat target is $33. 3 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


OGE Energy Corporation (NYSE:OGE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.01 and $30.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.11, notching a gain of 0.42% for the day. The total traded volume was 1,312,337 . The stock had closed at $30.98 on the previous day.

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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