Brokerage Firm Rating Update on OGE Energy Corporation (OGE)

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) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $33. The average forecast of all the analysts is $34.33 and the expected standard deviation is $1.61.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on OGE Energy Corporation (NYSE:OGE). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Jefferies lowers the price target from $34 per share to $32.5 per share. The rating by the firm was issued on August 5, 2016.

OGE Energy Corporation (NYSE:OGE): The stock opened at $31.88 and touched an intraday high of $32.1499 on Wednesday. During the day, the stock corrected to an intraday low of $31.36, however, the bulls stepped in and pushed the price higher to close in the green at $32.13 with a gain of 0.72% for the day. The total traded volume for the day was 1,464,141. The stock had closed at $31.9 in the previous trading session.

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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