OGE Stock Summary and Trading Ideas (Oge Energy | NYSE:OGE)

OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution to 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold its retail gas business in 1928 and no longer has any gas operations.

Oge Energy trades on the NYSE stock market under the symbol OGE.

As of January 17, 2025, OGE stock price climbed to $42.57 with 696,498 million shares trading.

OGE has a market cap of $8.54 billion. This is considered a Mid Cap stock.

Last quarter Oge Energy reported $965 million in Revenue and $1.09 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.03.

In the last 3 years, OGE traded as high as $44.41 and as low as $31.25.

The top ETF exchange traded funds that OGE belongs to (by Net Assets): IJH, VTI, VB, DVY, VBR.

OGE has outperformed the market in the last year with a price return of +33.2% while the SPY ETF gained +28.0%. OGE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.0% and +4.4%, respectively, while the SPY returned +3.0% and +1.0%, respectively.

OGE support price is $41.80 and resistance is $42.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OGE shares will trade within this expected range on the day.