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OGE
Stock ticker: NYSE
AS OF
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Price
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Capitalization
7.03B

OGE OGE Energy Corp Forecast, Technical & Fundamental Analysis

a provider of energy and energy services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for OGE with price predictions
08:00 PM EDT Sep 21, 2023

OGE in upward trend: 10-day moving average crossed above 50-day moving average on September 20, 2023

The 10-day moving average for OGE crossed bullishly above the 50-day moving average on September 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 23 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 08, 2023. You may want to consider a long position or call options on OGE as a result. In of 103 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for OGE just turned positive on September 07, 2023. Looking at past instances where OGE's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

OGE moved above its 50-day moving average on September 13, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OGE advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

OGE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The 10-day RSI Indicator for OGE moved out of overbought territory on September 19, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 81 cases where OGE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OGE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for OGE entered a downward trend on September 11, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.611) is normal, around the industry mean (1.597). P/E Ratio (16.077) is within average values for comparable stocks, (21.505). OGE's Projected Growth (PEG Ratio) (5.235) is slightly higher than the industry average of (2.539). Dividend Yield (0.047) settles around the average of (0.051) among similar stocks. P/S Ratio (2.251) is also within normal values, averaging (3.205).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OGE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG), Dominion Energy (NYSE:D), NRG Energy (NYSE:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 16.81B. The market cap for tickers in the group ranges from 500 to 137.01B. NEE holds the highest valuation in this group at 137.01B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -0%. PPWLM experienced the highest price growth at 7%, while EUSP experienced the biggest fall at -32%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was -72%. For the same stocks of the Industry, the average monthly volume growth was -4% and the average quarterly volume growth was 6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 40
P/E Growth Rating: 73
Price Growth Rating: 60
SMR Rating: 79
Profit Risk Rating: 72
Seasonality Score: -16 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

OGE is expected to report earnings to rise 156.82% to $1.13 per share on November 02

OGE Energy Corp OGE Stock Earnings Reports
Q3'23
Est.
$1.13
Q2'23
Missed
by $0.01
Q1'23
Missed
by $0.01
Q4'22
Beat
by $0.08
Q3'22
Beat
by $0.13
The last earnings report on August 09 showed earnings per share of 43 cents, missing the estimate of 44 cents. With 701.59K shares outstanding, the current market capitalization sits at 7.03B.
A.I.Advisor
published Dividends

OGE paid dividends on July 28, 2023

OGE Energy Corp OGE Stock Dividends
А dividend of $0.41 per share was paid with a record date of July 28, 2023, and an ex-dividend date of July 07, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of energy and energy services

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
321 North Harvey
Phone
+1 405 553-3000
Employees
2237
Web
https://www.ogeenergy.com
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OGE and

Correlation & Price change

A.I.dvisor indicates that over the last year, OGE has been closely correlated with LNT. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if OGE jumps, then LNT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OGE
1D Price
Change %
OGE100%
-0.43%
LNT - OGE
89%
Closely correlated
-0.16%
PPL - OGE
88%
Closely correlated
-0.48%
AEP - OGE
87%
Closely correlated
-0.89%
AEE - OGE
87%
Closely correlated
+0.11%
DTE - OGE
87%
Closely correlated
+0.11%
More

Groups containing OGE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OGE
1D Price
Change %
OGE100%
-0.43%
OGE
(undefined stocks)
92%
Closely correlated
-0.27%
utility
(undefined stocks)
92%
Closely correlated
-0.21%
electric power
(undefined stocks)
91%
Closely correlated
-0.17%
Utilities
(undefined stocks)
86%
Closely correlated
-0.21%
Electric Utilities
(undefined stocks)
85%
Closely correlated
-0.19%
More