Investors Should Take Note Of Oneok Inc. (OKE)

Oneok Inc. (OKE) concluded trading on Thursday at a closing price of $89.15, with 5.76 million shares of worth about $513.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.00% during that period and on September 26, 2024 the price saw a loss of about -5.85%. Currently the company’s common shares owned by public are about 583.09M shares, out of which, 582.83M shares are available for trading.

Stock saw a price change of -4.93% in past 5 days and over the past one month there was a price change of 0.80%. Year-to-date (YTD), OKE shares are showing a performance of 26.96% which increased to 38.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.58 but also hit the highest price of $96.05 during that period. The average intraday trading volume for Oneok Inc. shares is 2.58 million. The stock is currently trading -3.53% below its 20-day simple moving average (SMA20), while that difference is up 1.66% for SMA50 and it goes to 12.73% higher than SMA200.

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Oneok Inc. (NYSE: OKE) currently have 583.09M outstanding shares and institutions hold larger chunk of about 69.93% of that.

The stock has a current market capitalization of $52.07B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 19.44, while it has posted earnings per share of $4.59 in the same period. Its PEG reads 7.48 and has Quick Ratio of 0.41 while making debt-to-equity ratio of 1.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OKE, volatility over the week remained 2.20% while standing at 2.03% over the month.

Stock’s fiscal year EPS is expected to drop by -7.27% while it is estimated to increase by 16.67% in next year. EPS is likely to shrink at an annualized rate of 2.60% for next 5-years, compared to annual growth of 14.52% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on September 16, 2024 offering an Overweight rating for the stock and assigned a target price range of between $103 and $111 to it. Coverage by Seaport Research Partners stated Oneok Inc. (OKE) stock as a Buy in their note to investors on February 08, 2024, suggesting a price target of $76 for the stock. On January 10, 2024, Wolfe Research Upgrade their recommendations, while on December 04, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $83. Stock get a Hold rating from Truist on November 02, 2023.

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