Oge Energy Corp (NYSE:OGE) shares, rose in value on Friday, January 03, with the stock price up by 0.73% to the previous day’s close as strong demand from buyers drove the stock to $41.59.
Actively observing the price movement in the last trading, the stock closed the session at $41.29, falling within a range of $41.245 and $41.77. The value of beta (5-year monthly) was 0.735 whereas the PE ratio was 21.59 over 12-month period. Referring to stock’s 52-week performance, its high was $44.41, and the low was $32.06. On the whole, OGE has fluctuated by -2.90% over the past month.
With the market capitalization of Oge Energy Corp currently standing at about $8.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.68, with its dividend yield at 4.03%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OGE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.60, with the price of OGE currently trading nearly -0.08% and -0.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.74, while the 7-day volatility ratio is showing 1.21% which for the 30-day chart, stands at 1.46%. Furthermore, Oge Energy Corp (OGE)’s beta value is 0.76, and its average true range (ATR) is 0.62.
A comparison of Oge Energy Corp (OGE) with its peers suggests the former has fared considerably weaker in the market. OGE showed an intraday change of 0.73% in last session, and over the past year, it grew by 16.89%%.
Data on historical trading for Oge Energy Corp (NYSE:OGE) indicates that the trading volumes over the past 10 days have averaged 1.1 and over the past 3 months, they’ve averaged 1.07 million. According to company’s latest data on outstanding shares, there are 200.90 million shares outstanding.
Nearly 0.46% of Oge Energy Corp’s shares belong to company insiders and institutional investors own 70.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.64 million shares as on 2024-12-13, resulting in a short ratio of 3.77. According to the data, the short interest in Oge Energy Corp (OGE) stood at 236.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 4.02 million. The stock has risen by 0.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OGE stock heading into the next quarter.
