OGE ENERGY CORP (NYSE: OGE) has reported E.P.S. of $0.09 for its first fiscal quarter (ending March 31) versus $0.19 for the same period a year ago — a decline of -53%. This performance was $-0.53 short of the consensus estimate of $0.62. For the latest four quarters through March 31, E.P.S. were $1.98 compared to $2.12 a year ago — a decline of -7%.
Recent Price Action
OGE ENERGY CORP (NYSE: OGE) stock closed at $35.05 on 5/1/24 after an increase of 1.2%. Moreover, unusually high trading volume at 156% of normal accompanied the advance. The stock has risen 3.3% during the last week but has been weak relative to 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. OGE ENERGY CORP has a slightly positive Appreciation Score of 64 and a neutral Power Rating of 45, leading to the 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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