Analysts Update Their Price Forecasts For Oneok Inc. (OKE)

Oneok Inc. (OKE) concluded trading on Wednesday at a closing price of $96.16, with 3.83 million shares of worth about $368.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.01% during that period and on October 30, 2024 the price saw a gain of about 0.64%. 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 -0.62% in past 5 days and over the past one month there was a price change of 4.20%. Year-to-date (YTD), OKE shares are showing a performance of 36.94% which increased to 46.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $63.33 but also hit the highest price of $98.43 during that period. The average intraday trading volume for Oneok Inc. shares is 2.67 million. The stock is currently trading 0.22% above its 20-day simple moving average (SMA20), while that difference is up 3.11% for SMA50 and it goes to 16.91% higher than SMA200.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Oneok Inc. (NYSE: OKE) currently have 583.09M outstanding shares and institutions hold larger chunk of about 70.07% of that.

The stock has a current market capitalization of $56.16B and its 3Y-monthly beta is at 1.64. PE ratio of stock for trailing 12 months is 20.97, while it has posted earnings per share of $4.59 in the same period. Its PEG reads 5.13 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 1.54% while standing at 1.59% over the month.

Analysts are in expectations that Oneok Inc. (OKE) stock would likely to be making an EPS of 1.35 in the current quarter, while forecast for next quarter EPS is 1.47 and it is 6.11 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.15 which is 1.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.29% while it is estimated to increase by 19.73% in next year. EPS is likely to shrink at an annualized rate of 4.09% 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 BofA Securities on October 17, 2024 offering a Buy rating for the stock and assigned a target price of $105 to it. Coverage by Morgan Stanley stated Oneok Inc. (OKE) stock as an Overweight in their note to investors on September 16, 2024, suggesting a price target of $111 for the stock. Stock get a Buy rating from BofA Securities on December 04, 2023.

Most Popular

Related Posts