OGE Energy (NYSE:OGE) Rating Reaffirmed
Recently, In an interesting research report published on Thursday morning, OGE Energy (NYSE:OGE) shares have had their Hold Rating maintained by analysts at Wunderlich, who currently has a $28 target price on company. This target by Wunderlich provides the possibile upside of 11.51% from the current price.
From a total of 6 analysts covering OGE Energy (NYSE:OGE) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $34 while the lowest target price is $29. The mean of all analyst targets is $31.33 with a 19.47% above today’s ($25.11) stock price. OGE Energy was the topic of 6 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Wunderlich maintained shares on November 6 with “Hold” rating.
The stock decreased 3.20% or $0.83 during the last trading session, striking $25.11. Approximately shares of stock traded hands. OGE Energy Corp. (NYSE:OGE) has declined 23.16% since April 30, 2015 and is downtrending. It has underperformed by 22.88% the S&P500.
OGE Energy Corp. is an energy and energy services well-known provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The company has a market cap of $5.18 billion. The Firm operates through two business divisions: electric utility and natural gas midstream operations. It has 16.7 P/E ratio. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
According to Zacks Investment Research, “OGE Energy Corp. is a public utility holding company. The company’s principal subsidiary is Oklahoma Gas and Electric Company, a regulated public utility engaged in the generation, transmission and distribution of electricity to retail and wholesale customers. Its other subsidiary is Enogex Inc. Enogex owns and operates natural gas transmission and gathering pipelines, has interests in several gas processing plants, markets electricity, natural gas and natural gas liquids and invests in the drilling for and production of crude oil and natural gas.” Get a free copy of the Zacks research report on OGE Energy Corp. (OGE).