Why OGE Energy (OGE) is a Top Value Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
OGE Energy (OGE)
Incorporated in 1995, Oklahoma City, OK-based OGE Energy Corp. provides energy and offers physical delivery and related services for both electricity and natural gas, primarily in the south central United States. It is the parent company of Oklahoma Gas and Electric Company ("OG&E") and holder of a 26.3% limited partner interest and 50% general partner interest in Enable Midstream Partners. OG&E is the largest electric utility in Oklahoma and its franchised service territory the Fort Smith, AR area. With about 7,122 megawatts of capacity, the company's generation portfolio represents a balanced approach to generating electricity through a diversity of fuel types—50 percent natural gas, 39% coal, and 11% renewable energy.
OGE boasts a Value Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of OGE Energy are trading at a forward earnings multiple of 15.8X, as well as a PEG Ratio of 4, a Price/Cash Flow ratio of 7.3X, and a Price/Sales ratio of 2.5X.
Many value investors pay close attention to a company's earnings as well. For OGE, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $2.13 per share for 2024. Per share OGE boasts an average earnings surprise of 8.5%.
Investors should take the time to consider OGE for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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OGE Energy Corporation (OGE) : Free Stock Analysis Report
