OGE Energy Corp. Given Consensus Rating of “Buy” by Brokerages (NYSE:OGE)
Shares of OGE Energy Corp. (NYSE:OGE) have earned an average recommendation of “Buy” from the eight analysts that are covering the stock, American Banking & Market News reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $40.33.
OGE has been the subject of a number of recent research reports. Analysts at Argus upgraded shares of OGE Energy Corp. from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $44.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of OGE Energy Corp. in a research note on Wednesday, June 18th. They now have a $38.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of OGE Energy Corp. in a research note on Wednesday, May 21st. They set an “overweight” rating and a $41.00 price target on the stock.
Shares of OGE Energy Corp. (NYSE:OGE) opened at 37.31 on Friday. OGE Energy Corp. has a 52 week low of $32.85 and a 52 week high of $40.00. The stock’s 50-day moving average is $37. and its 200-day moving average is $35.89. The company has a market cap of $7.430 billion and a price-to-earnings ratio of 18.09.
OGE Energy Corp. (NYSE:OGE) last released its earnings data on Thursday, May 1st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.01. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, analysts predict that OGE Energy Corp. will post $2.00 earnings per share for the current fiscal year.
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.
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