Analyst Rating Update on OGE Energy Corporation (OGE)

OGE Energy Corporation (NYSE:OGE) : The consensus on OGE Energy Corporation (NYSE:OGE) based on 7 analyst recommendation on the company stock is 2.14, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

OGE Energy Corporation (NYSE:OGE) : Average target price received by OGE Energy Corporation (NYSE:OGE) is $32.33 with an expected standard deviation of $0.58. The most aggressive target on the stock is $33, whereas the most downbeat target is $32. 3 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Argus Research, downgrades their rating on the shares of OGE Energy Corporation (NYSE:OGE). Argus Research has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 11, 2016.

OGE Energy Corporation (NYSE:OGE): stock turned positive on Tuesday. Though the stock opened at $31.2, the bulls momentum made the stock top out at $31.56 level for the day. The stock recorded a low of $30.87 and closed the trading day at $31.55, in the green by 1.54%. The total traded volume for the day was 1,453,123. The stock had closed at $31.07 in the previous days trading.

In an insider trading activity, The officer (Controller and CAO), of Oge Energy Corp., Forbes H Scott had unloaded 10,000 shares at $30.51 per share in a transaction on May 10, 2016. The total value of transaction was $305,100. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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