At the time of writing, Oneok Inc. [OKE] stock is trading at $77.08, down -0.99%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OKE shares have lost -3.49% over the last week, with a monthly amount glided 0.10%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Oneok Inc. fluctuated between $55.91 and $80.81. Currently, Wall Street analysts expect the stock to reach $69.58 within the next 12 months. Oneok Inc. [NYSE: OKE] shares were valued at $77.08 at the most recent close of the market. An investor can expect a potential drop of -9.73% based on the average OKE price forecast.
Analyzing the OKE fundamentals
According to Oneok Inc. [NYSE:OKE], the company’s sales were 17.48B for trailing twelve months, which represents an 4.30% jump. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.23 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
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 76.15 points at the first support level, and at 75.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.14, and for the 2nd resistance point, it is at 79.21.
Ratios To Look Out For
It is important to note that Oneok Inc. [NYSE:OKE] has a current ratio of 0.90. Further, the Quick Ratio stands at 0.67, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 2.57, the price to book ratio is 2.73 and price to earnings (TTM) ratio is 13.91.
Transactions by insiders
Recent insider trading involved Smith Wayne Thomas, Director, that happened on Mar 01 ’24 when 2700.0 shares were purchased. Director, RODRIGUEZ EDUARDO A completed a deal on Dec 22 ’23 to sell 800.0 shares. Meanwhile, President & CEO NORTON PIERCE bought 24607.0 shares on Jun 29 ’23.
