OGE Energy Stock Hits New 52-Week High (OGE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- OGE Energy (NYSE: OGE) hit a new 52-week high Monday as it is currently trading at $68.11, above its previous 52-week high of $67.88 with 176,805 shares traded as of 10 a.m. ET. Average volume has been 468,800 shares over the past 30 days.

OGE Energy has a market cap of $6.06 billion and is part of the utilities sector and utilities industry. Shares are up 20.1% year to date as of the close of trading on Friday.

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 has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full OGE Energy Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Pattern Energy and 4 More Stock Charts to Watch

Wall Street Was Wrong -- Why It's Time to Buy These 5 Utilities

Markets Pointed Higher As Crude Rises

Markets Pointed Higher As Crude Rises

Insider Trading Alert - OGE, CMCSA And STZ Traded By Insiders

3 Stocks With Upcoming Ex-Dividend Dates: NPT, SSL, OGE