Don’t Let Recent momentum Confuse Your Outlook on ONEOK Inc. [OKE]

ONEOK Inc. [OKE] stock is down -0.79 while the S&P 500 has fallen -0.19% on Monday, 12/07/20. While at the time of this article, OKE ATR is sitting at 1.79, with the beta value at 1.96. This stock’s volatility for the past week remained at 4.02%, while it was 4.86% for the past 30-day period. OKE has fallen -$0.32 from the previous closing price of $40.63 on volume of 4.46 million shares.

On 7, December 2020, ONEOK to Participate in Wells Fargo Virtual Midstream and Utility Symposium. According to news published on Yahoo Finance, ONEOK, Inc. (NYSE: OKE) will participate in the Wells Fargo Virtual Midstream and Utility Symposium Dec. 8-9, 2020.

Analyst Birdseye View:

The most recent analyst activity for ONEOK Inc. [NYSE:OKE] stock was on October 15, 2020, when it was Downgrade with a Sell rating from Goldman, which also raised its 12-month price target on the stock to $26. On October 05, 2020, Wells Fargo Upgrade an Overweight rating and boosted its price target on this stock to $36. On September 29, 2020, UBS Upgrade a Buy rating and increased its price target to $35. On September 21, 2020, Scotiabank Downgrade a Sector perform rating and increased its price target to $31. On August 28, 2020, Seaport Global Securities Upgrade a Buy rating and boosted its amount on this stock to $33. On August 03, 2020, Argus Downgrade a Hold rating. On July 22, 2020, Wells Fargo Downgrade an Equal weight rating and improved its amount target to $33.

In the past 52 weeks of trading, this stock has oscillated between a low of $12.16 and a peak of $78.48. Right now, according to Wall Street analyst the average 12-month amount target is $35.17. At the most recent market close, shares of ONEOK Inc. [NYSE:OKE] were valued at $40.31. According to the average price forecast, investors can expect a potential return of -0.49%.

FUNDAMENTAL ANALYSIS

ONEOK Inc. [NYSE:OKE] most recently reported quarterly sales of 2.17 billion, which represented growth of -3.90%. This publicly-traded organization’s revenue is $3,509,376 per employee, while its income is $443,642 per employee. This company’s Gross Margin is currently 38.90%, its Operating Margin is 15.00%, its Pretax Margin is +16.32, and its Net Margin is +12.64. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.39, 19.97, 10.69 and 7.48 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 67.19 and the whole liability to whole assets at 58.45. It shows enduring liability to the whole principal at 65.97 and enduring liability to assets at 0.57 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 39.48 points at 1st support level, the second support level is making up to 38.65. But as of 1st resistance point, this stock is sitting at 40.87 and at 41.44 for 2nd resistance point.

ONEOK Inc. [OKE] reported its earnings at $0.7 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.61/share signifying the difference of 0.09 and 14.80% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.32 calling estimates for $0.51/share with the difference of -0.19 depicting the surprise of -37.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for ONEOK Inc. [NYSE:OKE] is 1.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.01. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.11, it’s amount to book ratio is 5.02 and showing 27.88 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by DERKSEN BRIAN L, Director, and it was the purchase of 8700.0 shares on Mar 25. SPEARS MARY M, the VP & CHIEF ACCOUNTING OFFICER, completed a purchase of 2000.0 shares on Mar 20. On Mar 18, PARKER GARY DAVID, Director, completed a purchase of 2500.0 shares.