Oneok Inc [OKE] stock is trading at $96.88, up 0.75%. 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 lost -0.55% over the last week, with a monthly amount glided 3.73%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley upgraded its rating to Overweight on September 16, 2024, and elevated its price target to $111. On February 08, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $76 on the stock. Wolfe Research upgraded its rating to a Peer Perform. BofA Securities upgraded its rating to a Buy and raised its price target to $83 on December 04, 2023. Truist downgraded its rating to Hold for this stock on November 02, 2023, but kept the price target unchanged to $68. In a note dated October 03, 2023, Pickering Energy Partners initiated an Underperform rating.
Oneok Inc [OKE] stock has fluctuated between $63.33 and $98.43 over the past year. Currently, Wall Street analysts expect the stock to reach $83.14 within the next 12 months. Oneok Inc [NYSE: OKE] shares were valued at $96.88 at the most recent close of the market. An investor can expect a potential drop of -14.18% based on the average OKE price forecast.
Analyzing the OKE fundamentals
Oneok Inc [NYSE:OKE] reported sales of 19.88B for the trailing twelve months, which represents a growth of 20.80%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.23%, 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 0.05, Equity is 0.17 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.67.
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 96.30 points at the first support level, and at 95.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.76, and for the 2nd resistance point, it is at 98.64.
Ratios To Look Out For
For context, Oneok Inc’s Current Ratio is 0.81. In addition, the Quick Ratio stands at 0.59 and the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 2.85, the price to book ratio is 3.35 and price to earnings (TTM) ratio is 20.27.
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.
