Argus has elevated its rating for OGE Energy (OGE, Financial) from Hold to Buy, setting a target price of $47. This decision reflects OGE Energy's consistent earnings per share (EPS) growth, which has averaged around 6% and is expected to continue on this trajectory throughout the year.
The upgrade is attributed to the company's strong forward earnings visibility, effective cost management, and efficiently operated generation facilities. Additionally, OGE Energy offers a relatively high dividend yield of approximately 3.9%, which has demonstrated steady growth over the past five years, further boosting investor confidence.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for OGE Energy Corp (OGE, Financial) is $43.40 with a high estimate of $49.00 and a low estimate of $35.00. The average target implies an upside of 0.18% from the current price of $43.33. More detailed estimate data can be found on the OGE Energy Corp (OGE) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, OGE Energy Corp's (OGE, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for OGE Energy Corp (OGE, Financial) in one year is $39.36, suggesting a downside of 9.15% from the current price of $43.325. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the OGE Energy Corp (OGE) Summary page.
