Barclays has revised its price target for OGE Energy Corp. (OGE, Financial), increasing it from $44 to $45 per share while maintaining an Equal Weight rating. This adjustment comes as the firm updates its models for the utilities and power sector, preparing for the upcoming first quarter earnings reports. The revisions consider current macroeconomic factors and the outlook on U.S. utilities tariffs.
The utilities sector continues to show potential for re-rating on an absolute basis, attributed to its defensive nature. Analysts at Barclays believe this characteristic makes the sector appealing, despite broader market fluctuations. The revised evaluation reflects these insights, signaling a modest but positive outlook for OGE Energy within its industry context.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for OGE Energy Corp (OGE, Financial) is $43.70 with a high estimate of $52.00 and a low estimate of $35.00. The average target implies an downside of 0.90% from the current price of $44.10. More detailed estimate data can be found on the OGE Energy Corp (OGE) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, OGE Energy Corp's (OGE, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for OGE Energy Corp (OGE, Financial) in one year is $39.36, suggesting a downside of 10.75% from the current price of $44.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the OGE Energy Corp (OGE) Summary page.
