OGE ENERGY CORP (NYSE: OGE) has reported earnings for its second fiscal quarter (ending June 30) of $0.51 versus $0.44 for the same period a year ago — an increase of 16%. This result exceeded the consensus estimate of $0.46 by $0.05. For the latest four quarters through June 30, E.P.S. were $2.05 versus $2.19 for the same period a year ago — a decline of -6%.
Recent Price Action
OGE ENERGY CORP (NYSE: OGE) stock closed at $39.37 on 8/7/24 after an increase of 1.4%. Moreover, trading volume in this advance was unusually high at 185% of normal. The stock has risen 1.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OGE is expected to continue to be a Value Builder.
OGE ENERGY CORP has a current Value Trend Rating of C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. OGE ENERGY CORP has a neutral Power Rating of 56 and a neutral Appreciation Score of 60, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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