OGE Energy Corp found using ticker (OGE) now have 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 42 and 36 and has a mean target at 38.88. Given that the stocks previous close was at 35.78 this would indicate that there is a potential upside of 8.7%. The 50 day MA is 37.27 and the 200 day MA is 35.07. The market cap for the company is $7,198m. Company Website: https://www.ogeenergy.com
The potential market cap would be $7,822m based on the market concensus.
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. It operates in two segments, Electric Utility and Natural Gas Midstream Operations. The Electric Utility segment generates, transmits, distributes, and sells electric energy. This segment furnishes retail electric service in 267 communities and their contiguous rural and suburban areas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. Its service area covers 30,000 square miles in Oklahoma and western Arkansas, including Oklahoma City in Oklahoma; and Fort Smith, Arkansas. The Natural Gas Midstream Operations segment provides natural gas gathering and processing services to its producer customers; and crude oil, condensate, and produced water gathering services to its producer and refiner customers. It also offers interstate and intrastate natural gas pipeline transportation and storage services primarily to its producer, power plant, local distribution company, and industrial end-user customers. As of December 31, 2020, the company owned and operated interconnected electric generation, transmission, and distribution systems, including 15 generating stations with an aggregate capability of 7,120 megawatts; and transmission systems comprising 402 substations and 5,122 structure miles of lines in Oklahoma, and 36 substations and 277 structure miles of lines in Arkansas. Its distribution systems included 349 substations; 29,443 structure miles of overhead lines; 3,202 miles of underground conduit; and 11,038 miles of underground conductors in Oklahoma, as well as 29 substations, 2,788 structure miles of overhead lines, 338 miles of underground conduit, and 669 miles of underground conductors in Arkansas. The company was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.
