OGE Energy Corporation (OGE) : Analyst Rating Update

OGE Energy Corporation (OGE) : The consensus on OGE Energy Corporation (OGE) based on 7 analyst recommendation on the company stock is 2.14, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

OGE Energy Corporation (OGE) : The highest level OGE Energy Corporation (OGE) is projected to reach is $33 for the short term and the lowest estimate is at $32. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $32.33 and the possibility the share price can swing is $0.58.

OGE Energy Corporation (NYSE:OGE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.25 and $32.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.33, notching a gain of 0.14% for the day. The total traded volume was 1,847,262 . The stock had closed at $32.29 on the previous day.

Also, In the latest statement by the brokerage house, Argus Research downgrades its outlook on OGE Energy Corporation (NYSE:OGE). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on April 11, 2016. The company shares have rallied 12.31% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $32.62 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $31.01 and the 200 Day Moving Average price is recorded at $28.16.

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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