OGE Energy Corporation (OGE) Shares are Up 2.85%

OGE Energy Corporation (OGE) : Traders are bullish on OGE Energy Corporation (OGE) as it has outperformed the S&P 500 by a wide margin of 2.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.85% in the last 1 week, and is up 1.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.19% and the 50-Day Moving Average is 0.46%.The 200 Day SMA reached 11.26%. OGE Energy Corp. is up 1.08% in the last 3-month period. Year-to-Date the stock performance stands at 22.77%.


OGE Energy Corporation (NYSE:OGE): After opening at $30.85, the stock dipped to an intraday low of $30.805 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.38 and the buying power remained strong till the end. The stock closed at $31.36 for the day, a gain of 1.88% for the day session. The total traded volume was 858,552. The stocks close on the previous trading day was $30.78.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.