Some Investing Thoughts On Oneok Inc (NYSE: OKE)

Oneok Inc (OKE) concluded trading on Thursday at a closing price of $98.97, with 4.09 million shares of worth about $404.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.43% during that period and on February 13, 2025 the price saw a gain of about 1.38%. Currently the company’s common shares owned by public are about 623.95M shares, out of which, 622.46M shares are available for trading.

Stock saw a price change of 3.29% in past 5 days and over the past one month there was a price change of -6.67%. Year-to-date (YTD), OKE shares are showing a performance of -1.42% which increased to 40.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $68.65 but also hit the highest price of $118.07 during that period. The average intraday trading volume for Oneok Inc shares is 3.59 million. The stock is currently trading -2.01% below its 20-day simple moving average (SMA20), while that difference is down -3.48% for SMA50 and it goes to 6.95% higher than SMA200.

Oneok Inc (NYSE: OKE) currently have 623.95M outstanding shares and institutions hold larger chunk of about 68.75% of that.

The stock has a current market capitalization of $61.75B and its 3Y-monthly beta is at 1.68. PE ratio of stock for trailing 12 months is 20.72, while it has posted earnings per share of $4.78 in the same period. Its PEG reads 3.11 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 2.48% while standing at 2.66% over the month.

Stock’s fiscal year EPS is expected to drop by -6.67% while it is estimated to increase by 17.35% in next year. EPS is likely to shrink at an annualized rate of 6.66% 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 Wolfe Research on February 10, 2025 offering an Outperform rating for the stock and assigned a target price of $110 to it. On January 10, 2025, Scotiabank Initiated their recommendations, while on December 18, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $107. Stock get a Buy rating from BofA Securities on October 17, 2024.

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