Analyst Ratings for OGE Energy Corp. (OGE)Updated: 2017-07-26
Analysts covering OGE Energy Corp. (NYSE:OGE) have given it a consensus rating of Overweight. Last month, OGE received an average rating of Overweight.
11 analysts issued ratings on the stock, where 4 gave OGE a buy rating, 1 issued an overweight rating, 6 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
OGE was given price targets by several analysts. The maximum price target given was 38, which equates to a potential upside of 6.62 percent. The minimum price target given was 32, implying a possible loss of -10.21 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 2.22 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -0 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.26 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
OGE has an estimated earnings growth rate of 11.92 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of OGE is 1.71.
In the last 52-weeks, OGE has achieved a high of 37.41 and a low of 29.57. Currently the stock is 20.53 percent higher than its low, and 4.73 percent below the high. OGE has a price/earnings ratio of 20.38. Investors typically compare the P/E ratio to a company's peers in the industry. The OGE value stock report compares OGE to some of its peers using value stock charts. The stock has a market capitalization of $7.12 billion. OGE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.