Monday, November 30, 2020

ONEOK Inc. [OKE] Is Currently -3.51 below its 200 Period Moving Avg: What Dose This Mean?

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ONEOK Inc. [NYSE: OKE] slipped around -1.24 points on Friday, while shares priced at $34.09 at the close of the session, down -3.51%. ONEOK Inc. stock is now -54.95% down from its year-to-date (YTD) trading value. OKE Stock saw the intraday high of $34.29 and lowest of $32.41 per share. The company’s 52-week high price is 78.48, which means current price is +180.35% above from all time high which was touched on 02/20/20.

Compared to the average trading volume of 7.68M shares, OKE reached a trading volume of 31484257 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about ONEOK Inc. [OKE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OKE shares is $36.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OKE stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA/Merrill have made an estimate for ONEOK Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 11, 2020. While these analysts kept the previous recommendation, Citigroup dropped their target price from $80 to $36. The new note on the price target was released on June 03, 2020, representing the official price target for ONEOK Inc. stock. Previously, the target price had yet another raise to $37, while JP Morgan analysts kept a Neutral rating on OKE stock. On May 13, 2020, analysts decreased their price target for OKE shares from 38 to 34.

The Average True Range (ATR) for ONEOK Inc. is set at 2.81, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 1.54. The Price to Book ratio for the last quarter was 2.54, with the Price to Cash per share for the same quarter was set at 1.24.

How has OKE stock performed recently?

ONEOK Inc. [OKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.83. With this latest performance, OKE shares gained by 11.84% in over the last four-week period, additionally sinking by -53.04% over the last 6 months – not to mention a drop of -47.58% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OKE stock in for the last two-week period is set at 44.38, with the RSI for the last a single of trading hit 37.42, and the three-weeks RSI is set at 46.42 for ONEOK Inc. [OKE]. The present Moving Average for the last 50 days of trading for this stock 32.38, while it was recorded at 40.78 for the last single week of trading, and 58.40 for the last 200 days.

ONEOK Inc. [OKE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ONEOK Inc. [OKE] shares currently have an operating margin of +18.46 and a Gross Margin at +19.63. ONEOK Inc.’s Net Margin is presently recorded at +12.64.

Return on Total Capital for OKE is now 10.69, given the latest momentum, and Return on Invested Capital for the company is 7.48. Return on Equity for this stock inclined to 19.97, with Return on Assets sitting at 6.39. When it comes to the capital structure of this company, ONEOK Inc. [OKE] has a Total Debt to Total Equity ratio set at 204.77. Additionally, OKE Total Debt to Total Capital is recorded at 67.19, with Total Debt to Total Assets ending up at 58.45. Long-Term Debt to Equity for the company is recorded at 201.05, with the Long-Term Debt to Total Capital now at 65.97.

Reflecting on the efficiency of the workforce at the company, ONEOK Inc. [OKE] managed to generate an average of $443,642 per employee. Receivables Turnover for the company is 11.83 with a Total Asset Turnover recorded at a value of 0.51.ONEOK Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.

Earnings analysis for ONEOK Inc. [OKE]

With the latest financial reports released by the company, ONEOK Inc. posted 0.75/share EPS, while the average EPS was predicted by analysts to be reported at 0.71/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OKE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ONEOK Inc. go to -0.10%.

Insider trade positions for ONEOK Inc. [OKE]

There are presently around $10,000 million, or 72.30% of OKE stock, in the hands of institutional investors. The top three institutional holders of OKE stocks are: VANGUARD GROUP INC with ownership of 49,479,632, which is approximately 2.777% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 39,339,700 shares of the stock with an approximate value of $1.34 billion in OKE stocks shares; and STATE STREET CORP, currently with $793.92 million in OKE stock with ownership of nearly 7.151% of the company’s market capitalization.

Positions in ONEOK Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 343 institutional holders increased their position in ONEOK Inc. [NYSE:OKE] by around 29,769,278 shares. Additionally, 629 investors decreased positions by around 46,248,897 shares, while 108 investors held positions by with 217,312,607 shares. The mentioned changes placed institutional holdings at 293,330,782 shares, according to the latest SEC report filing. OKE stock had 72 new institutional investments in for a total of 4,413,655 shares, while 336 institutional investors sold positions of 12,171,655 shares during the same period.

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