Digging Up the Facts on OGE Energy Corp. (OGE)

OGE Energy Corp. (NYSE:OGE) is an interesting player in the Utilities space, with a focus on Electric Utilities. The stock has been active on the tape, currently trading at $33.70, up from yesterday’s close by 0.69%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the space? Let’s take a look. OGE Energy Corp. (OGE) currently trades with a market capitalization of $6.73B. That value represents a market adjusting for revenues that have been growing by 3.30% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. You can get a sense of how sustainable that is by a levered free cash flow of $26.17M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.36 on a per share basis this quarter. Perhaps, that suggests something about why 63.00% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, OGE Energy Corp. recorded a 52-week high of 34.23. It is now trading 0.76 off that level. The stock is trading 33.15 its 50-day moving average by -0.32. The stock carved out a 52-week low down at 23.37.

In recent action, OGE Energy Corp. (OGE) has made a move of -0.56% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 13.74, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 198.69M with 2.67% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OGE.

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