ONEOK Inc. [NYSE: OKE] slipped around -1.12 points on Thursday, while shares priced at $51.04 at the close of the session, down -2.15%. The company report on April 16, 2021 that ONEOK Declares Quarterly Dividend.
The board of directors of ONEOK, Inc. (NYSE: OKE) declared a quarterly dividend of 93.5 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.74 per share.
The dividend is payable May 14, 2021, to shareholders of record at the close of business April 26, 2021.
ONEOK Inc. stock is now 32.99% up from its year-to-date (YTD) trading value. OKE Stock saw the intraday high of $52.30 and lowest of $51.02 per share. The company’s 52-week high price is 52.77, which means current price is +36.52% above from all time high which was touched on 04/16/21.
Compared to the average trading volume of 2.94M shares, OKE reached a trading volume of 3357038 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $47.55 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.
Seaport Global Securities have made an estimate for ONEOK Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 08, 2021. The new note on the price target was released on November 18, 2020, representing the official price target for ONEOK Inc. stock. Previously, the target price had yet another raise to $26, while Goldman analysts kept a Sell rating on OKE stock.
The Average True Range (ATR) for ONEOK Inc. is set at 1.46, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 2.70. The Price to Book ratio for the last quarter was 3.76, with the Price to Cash per share for the same quarter was set at 1.16.
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 -2.58. With this latest performance, OKE shares gained by 7.57% in over the last four-week period, additionally plugging by 76.49% over the last 6 months – not to mention a rise of 86.89% 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 53.17, with the RSI for the last a single of trading hit 50.10, and the three-weeks RSI is set at 55.16 for ONEOK Inc. [OKE]. The present Moving Average for the last 50 days of trading for this stock 49.00, while it was recorded at 51.44 for the last single week of trading, and 36.77 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 +22.48 and a Gross Margin at +23.96. ONEOK Inc.’s Net Margin is presently recorded at +7.25.
Return on Total Capital for OKE is now 9.65, given the latest momentum, and Return on Invested Capital for the company is 3.13. Return on Equity for this stock inclined to 9.99, with Return on Assets sitting at 2.73. When it comes to the capital structure of this company, ONEOK Inc. [OKE] has a Total Debt to Total Equity ratio set at 237.68. Additionally, OKE Total Debt to Total Capital is recorded at 70.39, with Total Debt to Total Assets ending up at 62.23. Long-Term Debt to Equity for the company is recorded at 237.29, with the Long-Term Debt to Total Capital now at 70.27.
Reflecting on the efficiency of the workforce at the company, ONEOK Inc. [OKE] managed to generate an average of $212,339 per employee. Receivables Turnover for the company is 10.15 with a Total Asset Turnover recorded at a value of 0.38.ONEOK Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 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 0.83/share EPS, while the average EPS was predicted by analysts to be reported at 0.8/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.70%. 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 -1.60%.
Insider trade positions for ONEOK Inc. [OKE]
There are presently around $14,862 million, or 67.10% of OKE stock, in the hands of institutional investors. The top three institutional holders of OKE stocks are: VANGUARD GROUP INC with ownership of 49,297,478, which is approximately -3.76% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 38,732,840 shares of the stock with an approximate value of $1.98 billion in OKE stocks shares; and STATE STREET CORP, currently with $1.33 billion in OKE stock with ownership of nearly 6.202% 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 394 institutional holders increased their position in ONEOK Inc. [NYSE:OKE] by around 27,511,393 shares. Additionally, 342 investors decreased positions by around 24,561,644 shares, while 104 investors held positions by with 239,117,564 shares. The mentioned changes placed institutional holdings at 291,190,601 shares, according to the latest SEC report filing. OKE stock had 138 new institutional investments in for a total of 3,847,845 shares, while 54 institutional investors sold positions of 5,725,492 shares during the same period.