The Case for and Against OGE Energy Corp. (OGE)

OGE Energy Corp. (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 $34.27, down from yesterday’s close by -2.23%. 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 industry space? Let’s take a look. OGE Energy Corp. (OGE) currently trades with a market capitalization of $6.84 Billion. That value represents a market adjusting for revenues that have been falling by -3.64 % 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. For OGE, you can get a sense of how sustainable that is by a levered free cash flow of $-174.8 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.28 on a per share basis this quarter. Perhaps, that suggests something about why 60.73% 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 OGE has been acting. Looking at the stock’s movement on the chart, OGE Energy Corp. recorded a 52-week high of $37.40. It is now trading 3.13% off that level. The stock is trading $35.97 its 50-day moving average by 1.7%. The stock carved out a 52-week low down at $31.95.

In recent action, OGE Energy Corp. (OGE) has made a move of -3.14% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.31, 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 1.12% with $199.32 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OGE.

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