Jefferies Upgrades OGE Energy (OGE) to Buy, Free Option on SCOOP
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Price: $47.50 +1.02%
Rating Summary:
8 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies upgraded OGE Energy (NYSE: OGE) from Hold to Buy with a price target of $63.50 (from $58.50).
The firm comments, "We are upgrading OGE Energy to Buy from Hold based on the free option that exists on the recently unveiled SCOOP unconventional play which should provide a significant increase in gathering and processing volumes to OGE’s midstream business."
For an analyst ratings summary and ratings history on OGE Energy click here. For more ratings news on OGE Energy click here.
Shares of OGE Energy closed at $56.29 yesterday.
The firm comments, "We are upgrading OGE Energy to Buy from Hold based on the free option that exists on the recently unveiled SCOOP unconventional play which should provide a significant increase in gathering and processing volumes to OGE’s midstream business."
For an analyst ratings summary and ratings history on OGE Energy click here. For more ratings news on OGE Energy click here.
Shares of OGE Energy closed at $56.29 yesterday.
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