ONEOK Inc. (NYSE:OKE) went up by 1.70% from its latest closing price compared to the recent 1-year high of $62.78. The company’s stock price has collected 4.53% of gains in the last five trading sessions. Press Release reported on 10/05/21 that ONE Gas Third Quarter 2021 Conference Call and Webcast Scheduled
Is It Worth Investing in ONEOK Inc. (NYSE :OKE) Right Now?
ONEOK Inc. (NYSE:OKE) scored a price-to-earnings ratio above its average ratio, recording 20.85 x from its present earnings ratio. Plus, the 36-month beta value for OKE is at 1.89. Opinions of the stock are interesting as 4 analysts out of 25 who provided ratings for ONEOK Inc. declared the stock was a “buy,” while 4 rated the stock as “overweight,” 15 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $57.86, which is -$6.5 below the current price. OKE currently public float of 442.98M and currently shorts hold a 1.47% ratio of that float. Today, the average trading volume of OKE was 2.33M shares.
OKE’s Market Performance
OKE stocks went up by 4.53% for the week, with a monthly jump of 17.86% and a quarterly performance of 14.70%, while its annual performance rate touched 115.80%. The volatility ratio for the week stands at 2.24% while the volatility levels for the past 30 days are set at 2.60% for ONEOK Inc.. The simple moving average for the period of the last 20 days is 9.13% for OKE stocks with a simple moving average of 23.63% for the last 200 days.
Analysts’ Opinion of OKE
Many brokerage firms have already submitted their reports for OKE stocks, with BofA Securities repeating the rating for OKE by listing it as a “Neutral.” The predicted price for OKE in the upcoming period, according to BofA Securities is $61 based on the research report published on September 28th of the current year 2021.
Bernstein, on the other hand, stated in their research note that they expect to see OKE reach a price target of $66. The rating they have provided for OKE stocks is “Outperform” according to the report published on September 23rd, 2021.
Morgan Stanley gave a rating of “Equal-Weight” to OKE, setting the target price at $55 in the report published on May 26th of the current year.
OKE Trading at 15.66% from the 50-Day Moving Average
After a stumble in the market that brought OKE to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.27% of gains for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +18.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.59% upper at present.
During the last 5 trading sessions, OKE rose by +4.53%, which changed the moving average for the period of 200-days by +62.24% in comparison to the 20-day moving average, which settled at $58.18. In addition, ONEOK Inc. saw 64.02% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for OKE
Current profitability levels for the company are sitting at:
- +22.48 for the present operating margin
- +23.96 for the gross margin
The net margin for ONEOK Inc. stands at +7.25. The total capital return value is set at 9.65, while invested capital returns managed to touch 3.13. Equity return is now at value 22.30, with 5.80 for asset returns.
Based on ONEOK Inc. (OKE), the company’s capital structure generated 237.68 points at debt to equity in total, while total debt to capital is 70.39. Total debt to assets is 62.23, with long-term debt to equity ratio resting at 237.29. Finally, the long-term debt to capital ratio is 70.27.
When we switch over and look at the enterprise to sales, we see a ratio of 3.60, with the company’s debt to enterprise value settled at 0.47. The receivables turnover for the company is 10.15 and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.