The following stocks (NYSE:OI, NYSE:OGE and NYSE:NFG) are close to 52-week low. For information, the 52-week low serves as an indicator for potential investors. Investor’s will often determine the 52-week low for a stock when looking at its current price. If the price is near or approaching the 52-week low, investors might consider it a good time to buy because the stock could be undervalued. Also, the market could have overreacted to a company’s bad news. Hence, it is possible that stocks trading near their 52-week low could be worth buying.
Owens-Illinois Inc (NYSE:OI)(Trend analysis) shares traded close to their lowest level in a year. The Metal & Glass Containers company’s share price is currently trading 1.52% above its 52-week-low. The 1-year stock price history is in the range of $18.48 – $27.38. Owens-Illinois Inc is currently valued at $3.02 billion. The stock has a 50-day moving average of $21.7 and a 200-day moving average of $22.25.
There are currently fifteen analysts that cover Owens-Illinois Inc stock. Of those fifteen, three have a Buy rating, twelve have a Hold rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $24.67.
The stock closed last trading session at $18.76, down by -0.85%.
OGE Energy Corp (NYSE:OGE)(Trend analysis) shares were traded at $26.06, down by -0.84%, close to the 52-week low of $25.66, with a volume of 1,352,541 shares against an average volume for the last 3 months of 1,235,280. This represents a volume multiple of 1
OGE Energy Corp (OGE) current short interest stands at 3.99 million shares. It has increased by 4% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.08 million shares, the number of days required to cover the short positions stand at 3.7 days.
A recent stock analyst activity consisted of Jefferies reiterating their Hold stance on August 14. Jefferies increased their price target on OGE from $30.5 to $32.5.
National Fuel Gas Co (NYSE:NFG)(Trend analysis) shares are also trading near the 52-week low of $45.66. The stock closed last trading session at $46.02, down by -0.75%, with a volume of 443,959 shares compared to an average volume for the last 3 months of 520,249. The year-to-date performance of the stock stands at -24.05%.
National Fuel Gas Co (NFG) current short interest stands at 2.96 million shares. It has decreased by 6% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.54 million shares, the number of days required to cover the short positions stand at 5.6 days.