Share on StockTwits

OGE Energy Corp. (NYSE:OGE) was upgraded by analysts at Jefferies Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $41.00 price objective on the stock, up from their previous price objective of $38.50. Jefferies Group’s target price indicates a potential upside of 13.42% from the stock’s previous close. The analysts noted that the move was a valuation call.

In other OGE Energy Corp. news, VP Paul Renfrow sold 7,785 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $36.14, for a total transaction of $281,349.90. Following the transaction, the vice president now directly owns 16,982 shares in the company, valued at approximately $613,729. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of OGE Energy Corp. (NYSE:OGE) traded down 1.50% on Thursday, hitting $36.15. The stock had a trading volume of 823,851 shares. OGE Energy Corp. has a 52-week low of $32.195 and a 52-week high of $40.00. The stock’s 50-day moving average is $36.48 and its 200-day moving average is $35.57. The company has a market cap of $7.199 billion and a price-to-earnings ratio of 17.74.

OGE Energy Corp. (NYSE:OGE) last announced its earnings results on Thursday, May 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, analysts predict that OGE Energy Corp. will post $2.01 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on OGE. Analysts at Wunderlich raised their price target on shares of OGE Energy Corp. from $35.00 to $39.00 in a research note on Friday, May 2nd. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of OGE Energy Corp. in a research note on Friday, March 7th. They now have a $37.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.67.

OGE Energy Corp. (NYSE:OGE) 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 Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.