ONEOK Inc. (NYSE:OKE) went up by 2.80% from its latest closing price compared to the recent 1-year high of $66.78. The company’s stock price has collected 1.76% of gains in the last five trading sessions. Press Release reported on 01/10/22 that ONEOK to Participate in UBS Infrastructure and Energy Conference
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 19.57 x from its present earnings ratio. Plus, the 36-month beta value for OKE is at 1.83. Opinions of the stock are interesting as 3 analysts out of 25 who provided ratings for ONEOK Inc. declared the stock was a “buy,” while 4 rated the stock as “overweight,” 16 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $65.24, which is $2.95 above the current price. OKE currently public float of 443.27M and currently shorts hold a 1.89% ratio of that float. Today, the average trading volume of OKE was 2.32M shares.
OKE’s Market Performance
OKE stocks went up by 1.76% for the week, with a monthly jump of 0.77% and a quarterly performance of -0.75%, while its annual performance rate touched 43.60%. The volatility ratio for the week stands at 3.06% while the volatility levels for the past 30 days are set at 2.45% for ONEOK Inc.. The simple moving average for the period of the last 20 days is 5.25% for OKE stocks with a simple moving average of 10.74% for the last 200 days.
Analysts’ Opinion of OKE
Wells Fargo, on the other hand, stated in their research note that they expect to see OKE reach a price target of $66, previously predicting the price at $72. The rating they have provided for OKE stocks is “Equal Weight” according to the report published on December 16th, 2021.
BofA Securities gave a rating of “Neutral” to OKE, setting the target price at $61 in the report published on September 28th of the previous year.
OKE Trading at 1.77% 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 unable to rebound, for now settling with -6.44% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 3.06%, as shares surge +3.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.79% lower at present.
During the last 5 trading sessions, OKE rose by +1.76%, which changed the moving average for the period of 200-days by +23.55% in comparison to the 20-day moving average, which settled at $59.48. In addition, ONEOK Inc. saw 6.33% 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 23.90, with 6.10 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 2.87, 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.