OGE Energy Corporation (OGE) Receives Analyst Rating

OGE Energy Corporation (OGE) : 3 brokerage houses believe that OGE Energy Corporation (OGE) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on OGE Energy Corporation (OGE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.14.

OGE Energy Corporation (OGE) : 3 investment research analysts covering OGE Energy Corporation (OGE) have an average price target of $34.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $33 for the short term. Analysts expect the variance to be within $1.61 of the average price.


Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of OGE Energy Corporation (NYSE:OGE). Jefferies has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $32.5 per share from a prior target of $34. The rating by the firm was issued on August 5, 2016.

OGE Energy Corporation (NYSE:OGE): After opening at $30.82, the stock dipped to an intraday low of $30.68 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.15 and the buying power remained strong till the end. The stock closed at $31.1 for the day, a gain of 0.81% for the day session. The total traded volume was 510,895. The stocks close on the previous trading day was $30.85.

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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