Momentum Stock Watch: Oge Energy Corp (OGE)

Company Profile:

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 was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.

Recent News:

The OGE Energy board of directors declared a third quarter dividend of $0.4025 per common share of stock, to be paid July 30, 2021, to shareholders of record July 12, 2021. The dividend was unchanged from the previous quarter. This year marks the 75th consecutive year OGE Energy has paid dividends to shareholders.

The company reported earnings of $0.26 per diluted share for the three months ended March 31, 2021 compared to a loss of $2.46 per diluted share for the first quarter of 2020. The loss in 2020 was primarily due to a $590 million impairment charge, net of tax, related to Enable.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

OGE’s strengths can be seen in its better growth, strong profitability and robust solvency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 53.11 with positive bias. We rate Oge Energy Corp (OGE) a STRONG BUY.

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