Oneok Inc. [NYSE: OKE] closed the trading session at $63.83 on 11/09/23. The day’s price range saw the stock hit a low of $63.81, while the highest price level was $64.425. The company report on October 31, 2023 at 4:15 PM that ONEOK Announces 5% Increase in Third Quarter 2023 Net Income and 11% Increase in Adjusted EBITDA Including Transaction Costs.
Double-digit Growth in NGL and Natural Gas Processing Volumes.
The stocks have a year to date performance of -2.85 percent and weekly performance of -4.23 percent. The stock has been moved at 1.59 percent over the last six months. The stock has performed -5.38 percent around the most recent 30 days and changed -3.64 percent over the most recent 3-months.
If compared to the average trading volume of 4.95M shares, OKE reached to a volume of 3327543 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 $73.90 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 2.45. 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 Hold, with their previous recommendation back on November 02, 2023.
The Average True Range (ATR) for Oneok Inc. is set at 1.41, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 2.15. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 0.49. Price to Free Cash Flow for OKE in the course of the last twelve months was 13.95 with Quick ratio for the last quarter at 0.66.
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 -4.23. With this latest performance, OKE shares dropped by -5.38% in over the last four-week period, additionally plugging by 1.59% over the last 6 months – not to mention a rise of 1.87% 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 40.06, with the RSI for the last a single of trading hit 35.25, and the three-weeks RSI is set at 43.19 for Oneok Inc. [OKE]. The present Moving Average for the last 50 days of trading for this stock 65.89, while it was recorded at 65.06 for the last single week of trading, and 64.42 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 +13.27 and a Gross Margin at +13.64. Oneok Inc.’s Net Margin is presently recorded at +7.53.
Return on Total Capital for OKE is now 15.17, given the latest momentum, and Return on Invested Capital for the company is 9.03. Return on Equity for this stock inclined to 27.54, with Return on Assets sitting at 7.18. When it comes to the capital structure of this company, Oneok Inc. [OKE] has a Total Debt to Total Equity ratio set at 211.33. Additionally, OKE Total Debt to Total Capital is recorded at 67.88, with Total Debt to Total Assets ending up at 56.29. Long-Term Debt to Equity for the company is recorded at 196.85, with the Long-Term Debt to Total Capital now at 63.23.
Reflecting on the efficiency of the workforce at the company, Oneok Inc. [OKE] managed to generate an average of $580,654 per employee. Receivables Turnover for the company is 15.38 with a Total Asset Turnover recorded at a value of 0.95.Oneok Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.66 and a Current Ratio set at 0.97.
Earnings per share (EPS) analysis for Oneok Inc. [OKE] stock
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 11.60%.
Oneok Inc. [OKE]: Institutional Ownership
The top three institutional holders of OKE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in OKE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in OKE stock with ownership which is approximately 5.7994%.