At the time of writing, Oneok Inc. [OKE] stock is trading at $94.84, down -0.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The OKE shares have gain 4.07% over the last week, with a monthly amount glided 4.15%, 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 September 16, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $111 from $103. Previously, Seaport Research Partners upgraded its rating to Buy on February 08, 2024, and kept the price target unchanged to $76. On January 10, 2024, upgrade upgraded it’s rating to Peer Perform. BofA Securities upgraded its rating to a Buy and increased its price target to $83 on December 04, 2023. Truist downgraded its rating to a Hold but $68 remained the price target by the analyst firm on November 02, 2023. In a note dated April 04, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $71 to $72.
For the past year, the stock price of Oneok Inc. fluctuated between $60.79 and $96.05. Currently, Wall Street analysts expect the stock to reach $79 within the next 12 months. Oneok Inc. [NYSE: OKE] shares were valued at $94.84 at the most recent close of the market. An investor can expect a potential drop of -16.7% based on the average OKE price forecast.
Analyzing the OKE fundamentals
According to Oneok Inc. [NYSE:OKE], the company’s sales were 19.02B for trailing twelve months, which represents an 34.56% jump. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.31.
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 94.41 points at the first support level, and at 93.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.43, and for the 2nd resistance point, it is at 96.02.
Ratios To Look Out For
It is important to note that Oneok Inc. [NYSE:OKE] has a current ratio of 0.62. On the other hand, the Quick Ratio is 0.41, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.91, the price to book ratio is 3.32 and price to earnings (TTM) ratio is 20.68.
Transactions by insiders
Recent insider trading involved MOORE PATTYE L, Director, that happened on Sep 05 ’24 when 3379.0 shares were sold. Director, MOORE PATTYE L completed a deal on Sep 05 ’24 to buy 3379.0 shares. Meanwhile, Officer Arrowood Jim L bought 3684.0 shares on Sep 04 ’24.
