ONEOK Inc. [NYSE: OKE] price plunged by -4.90 percent to reach at -$3.3. The company report on May 3, 2022 that ONEOK Announces Higher First Quarter 2022 Net Income; Affirms 2022 Financial Guidance.
Reports Higher NGL and Natural Gas Volumes.
ONEOK, Inc. (NYSE: OKE) today announced first quarter 2022 results and affirmed full-year 2022 financial guidance.
A sum of 4074973 shares traded at recent session while its average daily volume was at 2.84M shares. ONEOK Inc. shares reached a high of $67.57 and dropped to a low of $63.01 until finishing in the latest session at $64.05.
The one-year OKE stock forecast points to a potential upside of 10.42. The average equity rating for OKE stock is currently 2.70, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $71.50 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 2.70. 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.
Truist have made an estimate for ONEOK Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2022. While these analysts kept the previous recommendation, Goldman raised their target price from $58 to $68. The new note on the price target was released on January 14, 2022, representing the official price target for ONEOK Inc. stock. On December 16, 2021, analysts decreased their price target for OKE shares from 72 to 66.
The Average True Range (ATR) for ONEOK Inc. is set at 2.26, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 1.83. The Price to Book ratio for the last quarter was 4.76, with the Price to Cash per share for the same quarter was set at 0.31. Price to Free Cash Flow for OKE in the course of the last twelve months was 166.08 with Quick ratio for the last quarter at 0.60.
OKE Stock Performance Analysis:
ONEOK Inc. [OKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.29. With this latest performance, OKE shares dropped by -8.29% in over the last four-week period, additionally plugging by 0.20% over the last 6 months – not to mention a rise of 19.92% 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 40.20, with the RSI for the last a single of trading hit 38.05, and the three-weeks RSI is set at 42.79 for ONEOK Inc. [OKE]. The present Moving Average for the last 50 days of trading for this stock 68.20, while it was recorded at 64.74 for the last single week of trading, and 61.31 for the last 200 days.
Insight into ONEOK Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and ONEOK Inc. [OKE] shares currently have an operating margin of +16.52 and a Gross Margin at +17.48. ONEOK Inc.’s Net Margin is presently recorded at +8.68.
Return on Equity for this stock inclined to 24.88, with Return on Assets sitting at 6.42.
ONEOK Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.
OKE Stock EPS
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 10.76%.
ONEOK Inc. [OKE] Insider Position Details
There are presently around $19,730 million, or 67.00% of OKE stock, in the hands of institutional investors. The top three institutional holders of OKE stocks are: VANGUARD GROUP INC with ownership of 50,731,447, which is approximately 0.543% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 45,529,862 shares of the stock with an approximate value of $3.07 billion in OKE stocks shares; and STATE STREET CORP, currently with $2.11 billion in OKE stock with ownership of nearly 0.125% of the company’s market capitalization.
Positions in ONEOK Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 483 institutional holders increased their position in ONEOK Inc. [NYSE:OKE] by around 14,228,599 shares. Additionally, 379 investors decreased positions by around 10,624,118 shares, while 179 investors held positions by with 268,089,831 shares. The mentioned changes placed institutional holdings at 292,942,548 shares, according to the latest SEC report filing. OKE stock had 130 new institutional investments in for a total of 2,797,505 shares, while 62 institutional investors sold positions of 2,064,161 shares during the same period.