OGE Energy Corporation (OGE) Shares are Down -3.24%

OGE Energy Corporation (OGE) has risen sharply, recording gains of 0.83% in the past 4 weeks. However, the stock has corrected -3.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.37% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 0.32%.The 200 Day SMA reached 9.49%


OGE Energy Corporation (NYSE:OGE): The stock opened in the green at $32.29 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $32.33 and a low of $31.5 for the day. The stock did not find buyers even at the lows and closed at $31.62 recording a loss of -1.53%. 1,627,590 shares exchanged hands during the trading day. The stock had closed at $31.62 in the previous days trading.

OGE Energy Corporation (OGE) : The consensus price target for OGE Energy Corporation (OGE) is $34.33 for the short term with a standard deviation of $1.61. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $36, however, the pessimist price target for the company is $33.

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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