OGE Energy Corporation (NYSE:OGE) has risen sharply, recording gains of 4.27% in the past 4 weeks. However, the stock has corrected -1.07% 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 2.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 11.82% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $32.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $31.17 and the 200 Day Moving Average price is recorded at $28.26.
The stock has recorded a 20-day Moving Average of 3.32% and the 50-Day Moving Average is 5.62%.
OGE Energy Corporation (NYSE:OGE): stock turned positive on Friday. Though the stock opened at $31.78, the bulls momentum made the stock top out at $32.275 level for the day. The stock recorded a low of $31.6 and closed the trading day at $32.26, in the green by 1.41%. The total traded volume for the day was 895,050. The stock had closed at $31.81 in the previous days trading.
In an insider trading activity,The officer (Controller and CAO) of Oge Energy Corp., Forbes H Scott sold 10,000 shares at $30.51 on May 10, 2016. The Insider selling transaction had a total value worth of $305,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.