Oneok Inc. [OKE] stock is trading at $75.12, up 1.01%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OKE shares have gain 1.90% over the last week, with a monthly amount glided 7.58%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, ONEOK Schedules 2024 Annual Meeting of Shareholders; Sets Record Date. In a post published today on Yahoo Finance, ONEOK, Inc. (NYSE: OKE) will hold its 2024 annual meeting of shareholders at 9 a.m. Central Daylight Time (CDT) on May 22, 2024, as a virtual meeting only. The meeting will be accessible through a live webcast.
From an analyst’s perspective:
Oneok Inc. [NYSE: OKE] stock has seen the most recent analyst activity on February 08, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $76 for it. Previously, Wolfe Research upgraded its rating to Peer Perform on January 10, 2024. On December 04, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $83 on the stock. Truist downgraded its rating to a Hold but stick to its price target of $68 on November 02, 2023. Pickering Energy Partners initiated its recommendation with a Underperform. Citigroup upgraded its rating to Buy for this stock on April 04, 2023, and upped its price target to $72. In a note dated March 02, 2023, Scotiabank initiated an Sector Perform rating and provided a target price of $74 on this stock.
Oneok Inc. [OKE] stock has fluctuated between $55.91 and $75.68 over the past year. Currently, Wall Street analysts expect the stock to reach $69 within the next 12 months. Oneok Inc. [NYSE: OKE] shares were valued at $75.12 at the most recent close of the market. An investor can expect a potential drop of -8.15% based on the average OKE price forecast.
Analyzing the OKE fundamentals
Oneok Inc. [NYSE:OKE] reported sales of 17.48B for the trailing twelve months, which represents a growth of 4.30%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.26 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.56 points at the first support level, and at 74.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.50, and for the 2nd resistance point, it is at 75.89.
Oneok Inc. [OKE] reported earnings per share of $1.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.2/share, meaning a difference of -$0.02 and a surprise factor of -1.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.99 per share as compared to estimates of $1.05 per share, a difference of -$0.06 representing a surprise of -5.70%.
Ratios To Look Out For
For context, Oneok Inc.’s Current Ratio is 0.90. In addition, the Quick Ratio stands at 0.67 and the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 2.50, the price to book ratio is 2.66 and price to earnings (TTM) ratio is 13.55.
Transactions by insiders
In the past 3 months, 0 insiders have purchased 0 shares, and 1 have sold 800 shares. Recent insider trading involved RODRIGUEZ EDUARDO A, Director, that happened on Dec 22 when 800.0 shares were sold. President & CEO, NORTON PIERCE completed a deal on Jun 29 to buy 24607.0 shares. Meanwhile, Director DERKSEN BRIAN L bought 4900.0 shares on Jun 28.
