RBC Capital Reaffirms Their Hold Rating on OGE Energy (OGE)
In a report released on November 21, Stephen D’Ambrisi from RBC Capital maintained a Hold rating on OGE Energy, with a price target of $49.00. The company’s shares closed yesterday at $44.30.
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D’Ambrisi covers the Utilities sector, focusing on stocks such as OGE Energy, Xcel Energy, and WEC Energy Group. According to TipRanks, D’Ambrisi has an average return of 0.9% and a 25.00% success rate on recommended stocks.
OGE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $49.14.
Based on OGE Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.05 billion and a net profit of $231.3 million. In comparison, last year the company earned a revenue of $965.4 million and had a net profit of $218.7 million
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