OGE Energy Corp. (NYSE:OGE) has a beta of 0.71. The stock’s Relative Strength Index (RSI) is 50.55, with weekly volatility at 2.24% and ATR at 0.83. The OGE stock’s 52-week price range has touched low of $23.00 and a $46.43 high. Its shares traded lower over the last trading session, losing -3.02% on 10/13/20. The shares fell to a low of $30.73 before closing at $31.14. Intraday shares traded counted 0.96 million, which was 14.73% higher than its 30-day average trading volume of 1.13M. OGE’s previous close was $32.11 while the outstanding shares total 200.20M.
Investors have identified the Utilities – Regulated Electric company OGE Energy Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.37 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
OGE Energy Corp. (OGE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OGE, the company has in raw cash 67.5 million on their books with 75.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 499000000 million total, with 594600000 million as their total liabilities.
OGE were able to record -17.5 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 67.5 million. In cash movements, the company had a total of 263.3 million as operating cash flow.
Potential earnings growth for OGE Energy Corp. (OGE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, OGE Energy Corp. recorded a total of 503.5 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -2.03% coming in sequential stages and their sales for the third quarter increasing by 14.34%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 378.1 million trying to sell their products during the last quarter, with the result yielding a gross income of 125.4 million. This allows shareholders to hold on to 200.20M with the revenue now reading 0.43 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.55 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.16 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OGE sounds very interesting.
Is the stock of OGE attractive?
In related news, Director, Sanner J. Michael bought 1,000 shares of the company’s stock in a transaction that recorded on Aug 17. The purchase was performed at an average price of 32.53, for a total value of 32,530. As the purchase deal closes, the VP – Sales and Mkt (OG&E), GRANT KENNETH R. now sold 6,000 shares of the company’s stock, valued at 200,418. Also, VP- T&D Operations (OG&E), DENNIS ANDREA M. bought 1,010 shares of the company’s stock in a deal that was recorded on Mar 13. The shares were cost at an average price of 31.51 per share, with a total market value of 31,826. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.33%.
5 out of 11 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on OGE Energy Corp.. 1 analysts has assigned a Sell rating on the OGE stock. The 12-month mean consensus price target for the company’s shares has been set at $35.11.