ONEOK Inc. [OKE] gain 4.20% so far this year. What now?

ONEOK Inc. [NYSE: OKE] stock went on a downward path that fall over -2.86% on Wednesday, amounting to a one-week price decrease of less than -7.38%. The company report on August 10, 2022 that ONEOK to Participate in Upcoming Investor Conferences.


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ONEOK, Inc. (NYSE: OKE) will participate in the following investor conferences in August 2022:.

Aug. 11: Goldman Sachs Power, Utilities, MLPs and Pipelines Conference.

Over the last 12 months, OKE stock rose by 16.58%. The one-year ONEOK Inc. stock forecast points to a potential upside of 11.5. The average equity rating for OKE stock is currently 2.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $28.13 billion, with 447.45 million shares outstanding and 444.15 million shares in the current float. Compared to the average trading volume of 2.70M shares, OKE stock reached a trading volume of 3665374 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $69.19 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.

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 1.51, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 4.48, with the Price to Cash per share for the same quarter was set at 0.30. Price to Free Cash Flow for OKE in the course of the last twelve months was 242.04 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 -7.38. With this latest performance, OKE shares gained by 4.11% in over the last four-week period, additionally sinking by -8.73% over the last 6 months – not to mention a rise of 16.58% 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 45.51, with the RSI for the last a single of trading hit 38.37, and the three-weeks RSI is set at 48.36 for ONEOK Inc. [OKE]. The present Moving Average for the last 50 days of trading for this stock 59.41, while it was recorded at 64.05 for the last single week of trading, and 62.85 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 0.80.

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 10.87%.

ONEOK Inc. [OKE] Insider Position Details

There are presently around $18,507 million, or 68.70% of OKE stock, in the hands of institutional investors. The top three institutional holders of OKE stocks are: VANGUARD GROUP INC with ownership of 52,764,196, which is approximately 1.911% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 46,325,334 shares of the stock with an approximate value of $2.84 billion in OKE stocks shares; and STATE STREET CORP, currently with $2.03 billion in OKE stock with ownership of nearly 1.033% of the company’s market capitalization.

Positions in ONEOK Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 501 institutional holders increased their position in ONEOK Inc. [NYSE:OKE] by around 20,695,014 shares. Additionally, 421 investors decreased positions by around 13,073,075 shares, while 177 investors held positions by with 268,491,985 shares. The mentioned changes placed institutional holdings at 302,260,074 shares, according to the latest SEC report filing. OKE stock had 90 new institutional investments in for a total of 3,580,423 shares, while 111 institutional investors sold positions of 3,399,748 shares during the same period.

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