OGE Energy Reaches 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 Friday as it is currently trading at $70.96, above its previous 52-week high of $70.92 with 299,811 shares traded as of 3:50 p.m. ET. Average volume has been 551,700 shares over the past 30 days.

OGE Energy has a market cap of $6.88 billion and is part of the utilities sector and utilities industry. Shares are up 24.2% year to date as of the close of trading on Thursday.

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 19.4, above the S&P 500 P/E ratio of 17.7.

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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.

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