OGE Energy stock: buy or sell?

OGE stock price: $32.70 0.96% At close on Dec 1st, 2020

Updated on:
Dec 2nd, 2020

2

OGE Energy stock brief

  • OGE Energy closed on Tuesday at $32.70 after just changing a 0.96% breaking a streak of 3 sessions in negative.
  • Price is drawing a scaled uptrend since last September with higher tops and higher bottoms. This uptrend marked a 17.20% gain

Should I buy OGE Energy stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $OGE stock a buy?

Currently, OGE Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $OGE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell OGE Energy stock?

"To sell or not to sell", if you are holding OGE Energy shares?. Much like when we have to buy shares, choosing when is appropiate to sell is not a whimsy decision, and we must follow our own trading strategy. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups are not intended for selling short OGE Energy stock

As a rule of thumb, you must never mantain an operation that generates greater losses than those expected by the time of purchase. The moment to sell your stock should always be ruled by the stop-loss (automatic or manual)

Is it time to sell OGE Energy stock?

Currently, OGE Energy stock doesn't match any of our preferred sell setups, so if you hold OGE Energy shares and your operation is in profit probably is not time to sell now

OGE Energy ratings

In the last 30 days, 2 analyst ratings were published for OGE Energy

OGE Energy analysts' ratings - Last month
Brokerage firmRating
Nov 16th, 2020
Mizuho Strong buyNeutral
Nov 18th, 2020
Barclays

OGE Energy stock analysis

Since last September, OGE Energy has been drawing an uptrend that by now marked an amazing 17.20%. The price line shows higher peaks and troughs, and along the way gave very few entry points for those who wanted to enter. Latest pullback was last October, when price bounced at $30.37. Currently, it moves in a consolidation between its last top ($35.24) and its last bottom ($30.37)

SMAs overview

OGE stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $32.74 (0.12% above)
  • R2: $32.93 (0.70% above)
  • R3: $33.04 (1.04% above)
  • The current supports are:

  • S1: $32.39 (-0.95% below)
  • S2: $32.34 (-1.10% below)
  • S3: $32.27 (-1.31% below)
  • Bollinger bands

    OGE stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without signaling moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we are now in one of these situations.

    OGE stock RSI chart

    OGE Energy stock price history

    OGE Energy IPO was on Feb 21st, 1973 at $0.00 per share1. Since then, OGE stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    OGE stock price history chart

    Price target for OGE Energy stock

    Nobody can predict how much a share will be priced tomorrow. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts published by analysts for the last 30 days. If you are a small investor you must not trade based on these projections.

    There are 2 price predictions released for OGE Energy that average $35.00. OGE Energy closed at $32.70 on Tuesday, so the target price is predicting a growth by 7.03%.

    OGE Energy stock price predictions
    Brokerage firmPrice target
    Nov 16th, 2020
    Mizuho $35.00$34.00
    Nov 18th, 2020
    Barclays $33.00$36.00

    Earnings and financials

    In early November, OGE Energy Corp. ($OGE) reported EPS for that slightly lowered Wall St. expectations. Quarterly EPS was $1.04 per share vs the estimates of $1.09. This Q3 report represents an earnings surprise of -4.59%. Company's sales was $702.1 million versus $753.8 million estimated by market consensus.

    This compares to Earnings of $1.25 per share same quarter last year, so reported EPS means a decrease of -16.80%. Looking at revenues, figures inched down a -7.06% compared to $7.6B same quarter last year.

    OGE Energy ($OGE) is releasing quarterly earnings report next February. Estimated for this quarter is $0.30, compared to $1.04 that was reported for Q3.

    OGE Energy competitors

    OGE Energy belongs to the Utilities—Regulated Electric industry, where it has 30 industry peers.

    The following are some of OGE Energy main competitors:

    OGE Energy competitors
    CompanyMarket capRatingBullish ratings1
    OGE Energy ($OGE) $6.7B Neutral 0
    NextEra ($NEE) $148.0B Buy 1
    Duke Energy Corporation ($DUK) $69.6B Buy 1
    Southern ($SO) $64.1B Neutral 1
    American Electric Power ($AEP) $44.6B Buy 2
    Xcel Energy ($XEL) $39.3B Neutral 0
    Eversource Energy ($ES) $30.4B Neutral 0

    1 In the last 30 days.

    OGE Energy performance

    To better understand OGE Energy stock performance you must compare its gains with other related stocks in same sector or industry.. For OGE Energy, the benchmark is made against NextEra, Duke Energy Corporation, Southern, American Electric Power, Xcel Energy and Eversource Energy.

    OGE performance compared
    Company1m3m6m
    OGE Energy ($OGE) 5.10% 5.40% 1.90%
    NextEra ($NEE) 0.50% 7.40% 16.20%
    Duke Energy Corporation ($DUK) 1.40% 18.90% 7.30%
    Southern ($SO) 5.40% 18.20% 6.00%
    American Electric Power ($AEP) -5.40% 10.40% 0.30%
    Xcel Energy ($XEL) -3.70% 0.60% 4.90%
    Eversource Energy ($ES) 0.20% 6.00% 3.00%

    Please read:
    The comments published in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual positions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for general educational motives only

    OGE Energy summary

    Tuesday, December 1st, 2020
    Open$32.74
    Close$32.7
    Day range$32.6 - $33.45
    Previous close$32.39
    Session gain0.96%
    Average true range$1.35
    50d mov avg$31.97
    100d mov avg$31.72
    200d mov avg$31.48
    Earnings dateFebruary 25th, 2021

    Frequently asked questions

    What is OGE Energy stock symbol?

    OGE Energy Corp. is a public company trading in the US stock market with the OGE symbol

    Is OGE Energy stock a buy or sell?

    OGE Energy received 2 ratings in the last 30 days: 0 bullish, 0 bearish and 1 neutral.

    Will OGE go up?

    OGE Energy had different price predictions issued by market analysts in the last 30 days setting the target price to $35.00. That is a 7.03% than the last price ($32.70).