Somewhat Positive Press Coverage Somewhat Unlikely to Impact OGE Energy (OGE) Share Price
Media stories about OGE Energy (NYSE:OGE) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. OGE Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 47.83091842218 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- More Coal Folds: FirstEnergy and AES Announce Pending Plant Closures (greentechmedia.com)
- OG&E declines to renew coal PPA, potentially forcing Oklahoma plant to close (utilitydive.com)
- Cabot Oil & Gas Corporation Announces New Director (bizjournals.com)
- Contrasting Atlantica Yield (AY) & OGE Energy (OGE) (americanbankingnews.com)
- Get Ahead Of These Upcoming Dividend Hikes (VYM) (etfdailynews.com)
Shares of OGE Energy stock opened at $36.90 on Friday. OGE Energy has a one year low of $29.59 and a one year high of $37.69. The stock has a market cap of $7.37 billion, a PE ratio of 19.22, a P/E/G ratio of 3.75 and a beta of 0.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.45 and a quick ratio of 0.28.
A number of analysts have issued reports on the stock. UBS Group boosted their price target on shares of OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. ValuEngine upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Goldman Sachs Group downgraded OGE Energy from a “buy” rating to a “neutral” rating in a research report on Sunday, June 24th. They noted that the move was a valuation call. Finally, Bank of America boosted their price objective on OGE Energy from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.83.
In other news, VP Jerry A. Peace sold 2,513 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $36.71, for a total transaction of $92,252.23. Following the completion of the transaction, the vice president now directly owns 11,125 shares of the company’s stock, valued at $408,398.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Patricia D. Horn sold 3,715 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $37.00, for a total value of $137,455.00. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
About OGE Energy
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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