With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.42 million shares. The 52-week range on OGE shows that it touched its highest point at $46.91 and its lowest point at $34.20 during that stretch. It currently has a 1-year price target of $45.72. With its current market cap of 8.84 billion, OGE has annualized dividend of $1.68 while the current yield stands at 3.83%. Beta for the stock currently stands at 0.58.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OGE was down-trending over the past week, with a drop of -0.95%, but this was down by -1.92% over a month. Three-month performance surged to 0.46% while six-month performance rose 0.34%. The stock gained 20.99% in the past year, while it has gained 6.47% so far this year. A look at the trailing 12-month EPS for OGE yields 2.41 with Next year EPS estimates of 2.43. For the next quarter, that number is 0.57. This implies an EPS growth rate of 4.07% for this year and 6.59% for next year. EPS is expected to grow by 5.79% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.30%.
Float and Shares Shorts:
At present, 201.30 million OGE shares are outstanding with a float of 200.33 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OGE since 11 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.1853 being high and $2.15523 being low. For OGE, this leads to a yearly average estimate of $2.17528. Based on analyst estimates, the high estimate for the next quarter is $1.23 and the low estimate is $1.03. The average estimate for the next quarter is thus $1.15.
