ONEOK Inc. [OKE] Revenue clocked in at $22.78 billion, down -0.38% YTD: What’s Next?

ONEOK Inc. [NYSE: OKE] price plunged by -3.67 percent to reach at -$2.49. The company report on February 27, 2023 that ONEOK Announces 28% Increase in Fourth Quarter 2022 Net Income and 15% Increase in Full-year 2022 Net Income.

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Announces Higher 2023 Financial Guidance.

ONEOK, Inc. (NYSE: OKE) today announced higher fourth quarter and full-year 2022 results and 2023 financial guidance.

A sum of 5935595 shares traded at recent session while its average daily volume was at 2.36M shares. ONEOK Inc. shares reached a high of $68.43 and dropped to a low of $65.22 until finishing in the latest session at $65.45.

The one-year OKE stock forecast points to a potential upside of 9.1. The average equity rating for OKE stock is currently 2.60, 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 $72.00 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.

JP Morgan have made an estimate for ONEOK Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $68 to $75. The new note on the price target was released on December 16, 2022, representing the official price target for ONEOK Inc. stock. Previously, the target price had yet another raise to $67, while Citigroup analysts kept a Neutral rating on OKE stock.

The Average True Range (ATR) for ONEOK Inc. is set at 1.59, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 4.64, with the Price to Cash per share for the same quarter was set at 0.05. Price to Free Cash Flow for OKE in the course of the last twelve months was 187.01 with Quick ratio for the last quarter at 0.50.

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 -1.03. With this latest performance, OKE shares dropped by -4.09% in over the last four-week period, additionally plugging by 0.94% over the last 6 months – not to mention a rise of 2.27% 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 39.02, with the RSI for the last a single of trading hit 33.82, and the three-weeks RSI is set at 43.23 for ONEOK Inc. [OKE]. The present Moving Average for the last 50 days of trading for this stock 67.55, while it was recorded at 67.06 for the last single week of trading, and 62.27 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 0.50 and a Current Ratio set at 0.70.


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 12.50%.

ONEOK Inc. [OKE] Insider Position Details

There are presently around $20,639 million, or 69.80% of OKE stock, in the hands of institutional investors. The top three institutional holders of OKE stocks are: VANGUARD GROUP INC with ownership of 53,863,544, which is approximately 1.171% of the company’s market cap and around 0.61% of the total institutional ownership; BLACKROCK INC., holding 48,440,272 shares of the stock with an approximate value of $3.17 billion in OKE stocks shares; and STATE STREET CORP, currently with $2.15 billion in OKE stock with ownership of nearly -0.953% of the company’s market capitalization.

Positions in ONEOK Inc. stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 550 institutional holders increased their position in ONEOK Inc. [NYSE:OKE] by around 22,001,686 shares. Additionally, 414 investors decreased positions by around 13,910,938 shares, while 162 investors held positions by with 279,421,235 shares. The mentioned changes placed institutional holdings at 315,333,859 shares, according to the latest SEC report filing. OKE stock had 168 new institutional investments in for a total of 2,256,528 shares, while 80 institutional investors sold positions of 1,969,547 shares during the same period.


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