ONEOK Inc. [NYSE: OKE] plunged by -$0.7 during the normal trading session on Wednesday and reaching a high of $27.3399 during the day while it closed the day at $26.56. The company report on August 25, 2020 that ONEOK to Participate in Upcoming Virtual Investor Conferences.
ONEOK, Inc. (NYSE: OKE) will participate in the following upcoming virtual investor conferences:.
ONEOK’s latest investor materials are available at www.oneok.com.
ONEOK Inc. stock has also loss -4.67% of its value over the past 7 days. However, OKE stock has declined by -28.76% in the 3 months of the year. Over the past six months meanwhile, it has lost -60.68% and lost -64.90% year-on date.
The market cap for OKE stock reached $12.09 billion, with 444.20 million shares outstanding and 441.13 million shares in the current float. Compared to the average trading volume of 6.45M shares, OKE reached a trading volume of 4178386 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $33.65 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 2.80. 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.
Argus have made an estimate for ONEOK Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 03, 2020. The new note on the price target was released on July 22, 2020, representing the official price target for ONEOK Inc. stock. On June 03, 2020, analysts decreased their price target for OKE shares from 80 to 36.
The Average True Range (ATR) for ONEOK Inc. is set at 1.21, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 2.08.
OKE stock trade performance evaluation
ONEOK Inc. [OKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.67. With this latest performance, OKE shares dropped by -5.35% in over the last four-week period, additionally sinking by -60.68% over the last 6 months – not to mention a drop of -61.12% 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 36.34, with the RSI for the last a single of trading hit 32.02, and the three-weeks RSI is set at 40.35 for ONEOK Inc. [OKE]. The present Moving Average for the last 50 days of trading for this stock 29.68, while it was recorded at 27.10 for the last single week of trading, and 47.55 for the last 200 days.
ONEOK Inc. [OKE]: An insightful look at the core 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 1.30 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for ONEOK Inc. [OKE] stock
With the latest financial reports released by the company, ONEOK Inc. posted 0.74/share EPS, while the average EPS was predicted by analysts to be reported at 0.74/share. 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 -1.36%.
ONEOK Inc. [OKE]: Insider Ownership positions
There are presently around $8,176 million, or 69.20% of OKE stock, in the hands of institutional investors. The top three institutional holders of OKE stocks are: VANGUARD GROUP INC with ownership of 51,850,265, which is approximately 4.791% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 38,955,831 shares of the stock with an approximate value of $1.03 billion in OKE stocks shares; and STATE STREET CORP, currently with $648.39 million in OKE stock with ownership of nearly 4.824% of the company’s market capitalization.
407 institutional holders increased their position in ONEOK Inc. [NYSE:OKE] by around 38,074,015 shares. Additionally, 359 investors decreased positions by around 21,820,858 shares, while 94 investors held positions by with 247,925,124 shares. The mentioned changes placed institutional holdings at 307,819,997 shares, according to the latest SEC report filing. OKE stock had 123 new institutional investments in for a total of 8,401,596 shares, while 95 institutional investors sold positions of 3,134,848 shares during the same period.