OGE Energy stock: buy or sell?
Dec 2nd, 2020
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
|Nov 16th, 2020|
|Nov 18th, 2020|
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)
Supports and resistances
The current resistance levels are:
The current supports are:
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 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
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%.
|Brokerage firm||Price 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 $1.04 that was reported for Q3.
OGE Energy competitors
OGE Energy belongs to the Utilities—Regulated Electric industry, where it has 30 industry peers.
The following are some of OGE Energy main competitors:
|Company||Market cap||Rating||Bullish ratings1|
|OGE Energy ($OGE)||$6.7B||Neutral||0|
|Duke Energy Corporation ($DUK)||$69.6B||Buy||1|
|American Electric Power ($AEP)||$44.6B||Buy||2|
|Xcel Energy ($XEL)||$39.3B||Neutral||0|
|Eversource Energy ($ES)||$30.4B||Neutral||0|
1 In the last 30 days.
OGE Energy performance
To better understand OGE Energy stock performance you must compare its gains with other related stocks in same sector or industry.. For OGE Energy, the benchmark is made against NextEra, Duke Energy Corporation, Southern, American Electric Power, Xcel Energy and Eversource Energy.
|OGE Energy ($OGE)||5.10%||5.40%||1.90%|
|Duke Energy Corporation ($DUK)||1.40%||18.90%||7.30%|
|American Electric Power ($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|
|Day range||$32.6 - $33.45|
|Average true range||$1.35|
|50d mov avg||$31.97|
|100d mov avg||$31.72|
|200d mov avg||$31.48|
|Earnings date||February 25th, 2021|