Oneok Inc [NYSE: OKE] stock went on an upward path that rose over 3.17% on Thursday, amounting to a one-week price increase of more than 8.22%.
Over the last 12 months, OKE stock rose by 74.49%. The one-year Oneok Inc stock forecast points to a potential downside of -8.97. The average equity rating for OKE stock is currently 2.25, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $68.20 billion, with 583.09 million shares outstanding and 582.80 million shares in the current float. Compared to the average trading volume of 2.75M shares, OKE stock reached a trading volume of 3103848 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 $107.14 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 2.25. 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 2.40, with the Price to Sales ratio for OKE stock in the period of the last 12 months amounting to 3.43. The Price to Book ratio for the last quarter was 4.04, with the Price to Cash per share for the same quarter was set at 0.99. Price to Free Cash Flow for OKE in the course of the last twelve months was 24.27 with Quick ratio for the last quarter at 0.59.
OKE Stock Performance Analysis:
Oneok Inc [OKE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.22. With this latest performance, OKE shares gained by 20.66% in over the last four-week period, additionally plugging by 45.59% over the last 6 months – not to mention a rise of 74.49% 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 82.00, with the RSI for the last a single of trading hit 87.03, and the three-weeks RSI is set at 78.18 for Oneok Inc [OKE]. The present Moving Average for the last 50 days of trading for this stock 98.36, while it was recorded at 113.07 for the last single week of trading, and 85.20 for the last 200 days.
Insight into Oneok Inc Fundamentals:
Oneok Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 0.81.
OKE Stock EPS
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 7.39%.
Oneok Inc [OKE] Institutonal Ownership Details
There are presently around $71.51%, or 71.66%% 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%.
