OGE Energy (OGE) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: OGE Energy - OGE Energy currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3]. - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4]. Performance Metrics - OGE shares have increased by 2.39% over the past week, outperforming the Zacks Utility - Electric Power industry, which rose by 1.06% [6]. - Over the last month, OGE's stock price changed by 3.62%, compared to the industry's 1.07% [6]. - In the past quarter, OGE shares rose by 4.78%, and over the last year, they gained 29.14%, while the S&P 500 saw declines of -5.43% and gains of 13.83%, respectively [7]. Trading Volume - OGE's average 20-day trading volume is 1,129,124 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, three earnings estimates for OGE have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.26 to $2.27 [10]. - For the next fiscal year, one estimate has moved upwards, with no downward revisions noted [10]. Conclusion - Considering the positive performance metrics and earnings outlook, OGE Energy is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12].