A new trading day began on Friday, with Oge Energy Corp. (NYSE: OGE) stock price up 1.43% from the previous day of trading, before settling in for the closing price of $40.57. OGE’s price has ranged from $32.06 to $41.48 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Utilities sector company grew by 7.43% over the past five years. Meanwhile, its annual earnings per share averaged 3.69%. With a float of $199.95 million, this company’s outstanding shares have now reached $200.30 million.
Let’s look at the performance matrix of the company that is accounted for 2329 employees. In terms of profitability, gross margin is 47.06%, operating margin of 24.43%, and the pretax margin is 16.83%.
Oge Energy Corp. (OGE) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Oge Energy Corp. is 0.46%, while institutional ownership is 70.79%. The most recent insider transaction that took place on Mar 06 ’24, was worth 142,006. In this transaction VP- Corp. Resp.& Stewardship of this company sold 4,187 shares at a rate of $33.92, taking the stock ownership to the 25,926 shares.
Oge Energy Corp. (OGE) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.2 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.75% during the next five years compared to -0.45% drop over the previous five years of trading.
Oge Energy Corp. (NYSE: OGE) Trading Performance Indicators
Here are Oge Energy Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.04, a number that is poised to hit 1.23 in the next quarter and is forecasted to reach 2.27 in one year’s time.
Technical Analysis of Oge Energy Corp. (OGE)
Oge Energy Corp. (NYSE: OGE) saw its 5-day average volume 0.93 million, a negative change from its year-to-date volume of 1.3 million. As of the previous 9 days, the stock’s Stochastic %D was 87.92%. Additionally, its Average True Range was 0.56.
During the past 100 days, Oge Energy Corp.’s (OGE) raw stochastic average was set at 95.47%, which indicates a significant increase from 87.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.05% in the past 14 days, which was higher than the 15.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.09, while its 200-day Moving Average is $36.19. Nevertheless, the first resistance level for the watch stands at $41.45 in the near term. At $41.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $42.29. If the price goes on to break the first support level at $40.61, it is likely to go to the next support level at $40.07. The third support level lies at $39.77 if the price breaches the second support level.
Oge Energy Corp. (NYSE: OGE) Key Stats
With a market capitalization of 8.27 billion, the company has a total of 200,548K Shares Outstanding. Currently, annual sales are 2,674 M while annual income is 416,800 K. The company’s previous quarter sales were 662,600 K while its latest quarter income was 102,300 K.
