OGE Energy (OGE) Receiving Somewhat Positive Press Coverage, Report Finds

News headlines about OGE Energy (NYSE:OGE) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. OGE Energy earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.163749044506 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of OGE Energy (OGE) traded up $0.79 during trading on Friday, hitting $30.39. 1,760,000 shares of the stock were exchanged, compared to its average volume of 1,490,000. OGE Energy has a twelve month low of $29.59 and a twelve month high of $37.40. The company has a current ratio of 0.63, a quick ratio of 0.46 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $6,070.00, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 2.85 and a beta of 0.84.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th were given a dividend of $0.3325 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.33 annualized dividend and a yield of 4.38%. OGE Energy’s payout ratio is currently 69.63%.

Several equities analysts have commented on the stock. Bank of America started coverage on shares of OGE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $37.00 price objective for the company. Edward Jones cut shares of OGE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Zacks Investment Research cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. UBS Group started coverage on shares of OGE Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $33.00 price target for the company. Finally, Goldman Sachs Group upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $36.67.

In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total transaction of $357,413.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

WARNING: “OGE Energy (OGE) Receiving Somewhat Positive Press Coverage, Report Finds” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://stocknewstimes.com/2018/02/11/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-oge-energy-oge-share-price.html.

OGE Energy Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

Insider Buying and Selling by Quarter for OGE Energy (NYSE:OGE)

Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply