Currently, there are 582.55M common shares owned by the public and among those 581.12M shares have been available to trade.
Insiders at the company have transacted a total of 13 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 63,594 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 8,860 shares.
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However, the script later moved the day high at 75.68, up 2.00%. The company’s stock has a 5-day price change of 3.74% and 10.47% over the past three months. OKE shares are trading 5.91% year to date (YTD), with the 12-month market performance up to 10.08% higher. It has a 12-month low price of $55.91 and touched a high of $73.83 over the same period. OKE has an average intraday trading volume of 3.57 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.97%, 6.18%, and 13.19% respectively.
Institutional ownership of Oneok Inc. (NYSE: OKE) shares accounts for 70.12% of the company’s 582.55M shares outstanding.
It has a market capitalization of $43.32B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 13.41, while the earnings-per-share (ttm) stands at $5.55. The company has a PEG of 1.16 and a Quick Ratio of 0.66 with the debt-to-equity ratio at 1.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.87% over the week and 1.85% over the month.
Analysts forecast that Oneok Inc. (OKE) will achieve an EPS of $1.2 for the current quarter, $1.23 for the next quarter and $4.95 for 2024. The lowest estimate earnings-per-share for the quarter is $1.11 while analysts give the company a high EPS estimate of $1.3. Comparatively, EPS for the current quarter was $1.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -8.16%, and 8.93% over the next financial year. EPS should shrink at an annualized rate of 11.60% over the next five years, compared to 14.54% over the past 5-year period.
Looking at the support for the OKE, a number of firms have released research notes about the stock. Seaport Research Partners stated their Buy rating for the stock in a research note on February 08, 2024, with the firm’s price target at $76. BofA Securities was of a view on December 04, 2023 that the stock is Buy, while Truist gave the stock Hold rating on November 02, 2023, issuing a price target of $68. Pickering Energy Partners on their part issued Underperform rating on October 03, 2023.
