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Evercore ISI analysts upgrades an Outperform rating for Oge Energy Corp (OGE)

Oge Energy Corp’s filing revealed that its Officer Cristina F McQuistion acquired Company’s shares for reported $0.18 million on Feb 28 ’25. In the deal valued at $46.09 per share,3,951 shares were bought.

Then, McQuistion Cristina F bought 11,731 shares, generating $527,425 in total proceeds.

Before that, Cristina F McQuistion bought 5,403 shares. Oge Energy Corp shares valued at $242,472 were divested by the Officer at a price of $44.88 per share.

Evercore ISI upgraded its Oge Energy Corp [OGE] rating to an Outperform from a an In-line in a research note published on January 21, 2025; the price target was increased to $47 from $40. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Argus also remained covering OGE and has decreased its forecast on May 23, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays revised its rating on April 22, 2024. It rated OGE as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of OGE

On Tuesday, Oge Energy Corp [NYSE:OGE] saw its stock fall -0.02% to $42.23. Over the last five days, the stock has lost -8.45%. Oge Energy Corp shares have risen nearly 2.38% since the year began. Nevertheless, the stocks have risen 25.27% over the past one year. While a 52-week high of $46.91 was reached on 04/03/25, a 52-week low of $32.37 was recorded on 01/13/25. SMA at 50 days reached $44.24, while 200 days put it at $41.19.

Levels Of Support And Resistance For OGE Stock

The 24-hour chart illustrates a support level at 41.45, which if violated will result in even more drops to 40.67. On the upside, there is a resistance level at 43.30. A further resistance level may holdings at 44.37. The Relative Strength Index (RSI) on the 14-day chart is 32.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.53%. Stochastics %K at 15.69% indicates the stock is a buying.

How much short interest is there in Oge Energy Corp?

A steep rise in short interest was recorded in Oge Energy Corp stocks on 2025-03-14, dropping by -0.23 million shares to a total of 4.71 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.93 million shares. There was a decline of -4.79%, which implies that there is a negative sentiment for the stock.

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