Oneok Inc. [NYSE: OKE] gained 0.64% on the last trading session, reaching $96.16 price per share at the time.
If compared to the average trading volume of 2.67M shares, OKE reached a trading volume of 3832258 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $102.54 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 2.21. 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.
BofA Securities have made an estimate for Oneok Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 17, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $103 to $111. The new note on the price target was released on September 16, 2024, representing the official price target for Oneok Inc. stock. Previously, the target price had yet another raise to $76, while Seaport Research Partners analysts kept a Buy rating on OKE stock.
The Average True Range (ATR) for Oneok Inc. is set at 1.69, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 2.95. The Price to Book ratio for the last quarter was 3.36, with the Price to Cash per share for the same quarter was set at 0.06. Price to Free Cash Flow for OKE in the course of the last twelve months was 22.23 with Quick ratio for the last quarter at 0.41.
Trading performance analysis for OKE stock
Oneok Inc. [OKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.62. With this latest performance, OKE shares gained by 4.20% in over the last four-week period, additionally plugging by 25.01% over the last 6 months – not to mention a rise of 46.56% 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 54.87, with the RSI for the last a single of trading hit 52.30, and the three-weeks RSI is set at 56.40 for Oneok Inc. [OKE]. The present Moving Average for the last 50 days of trading for this stock 93.26, while it was recorded at 96.36 for the last single week of trading, and 82.25 for the last 200 days.
Oneok Inc. [OKE]: A deeper dive into fundamental analysis
Oneok Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.41 and a Current Ratio set at 0.62.
Oneok Inc. [OKE]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Oneok Inc. posted 1.18/share EPS, while the average EPS was predicted by analysts to be reported at 1.2/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. 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 4.09%.
An analysis of Institutional ownership at Oneok Inc. [OKE]
There are presently around $70.46%, or 70.60%% of OKE stock, in the hands of institutional investors. The top three institutional holders of OKE stocks are: VANGUARD GROUP INC with ownership of 69.31 million shares, which is approximately 11.8633%. BLACKROCK INC., holding 50.86 million shares of the stock with an approximate value of $$4.15 billion in OKE stocks shares; and BLACKROCK INC., currently with $$3.21 billion in OKE stock with ownership which is approximately 6.7471%.
