Tomorrow Is Not Likely To Be Same For Oneok Inc (OKE)

Oneok Inc (OKE) concluded trading on Thursday at a closing price of $116.75, with 3.1 million shares of worth about $362.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.59% during that period and on November 21, 2024 the price saw a gain of about 3.17%. Currently the company’s common shares owned by public are about 583.09M shares, out of which, 582.80M shares are available for trading.

Stock saw a price change of 8.22% in past 5 days and over the past one month there was a price change of 20.66%. Year-to-date (YTD), OKE shares are showing a performance of 66.26% which increased to 74.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $65.49 but also hit the highest price of $114.33 during that period. The average intraday trading volume for Oneok Inc shares is 2.75 million. The stock is currently trading 12.23% above its 20-day simple moving average (SMA20), while that difference is up 18.70% for SMA50 and it goes to 37.04% higher than SMA200.

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Oneok Inc (NYSE: OKE) currently have 583.09M outstanding shares and institutions hold larger chunk of about 71.26% of that.

The stock has a current market capitalization of $68.20B and its 3Y-monthly beta is at 1.65. PE ratio of stock for trailing 12 months is 24.44, while it has posted earnings per share of $4.78 in the same period. Its PEG reads 3.31 and has Quick Ratio of 0.59 while making debt-to-equity ratio of 1.67. 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 2.28% while standing at 2.20% over the month.

Stock’s fiscal year EPS is expected to drop by -7.14% while it is estimated to increase by 16.97% in next year. EPS is likely to shrink at an annualized rate of 7.39% 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.

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