Oneok Inc. (NYSE: OKE) has seen a rise in its stock price by 0.39 in relation to its previous close of 66.63. However, the company has experienced a 3.45% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-19 that Dividend growth stocks often provide reliable cash flows and long-term wealth for income investors. Screening dividend stocks based on safety, growth, and consistency can be beneficial to find new opportunities important for investors. In this month’s article, we highlight these five dividend stocks: Medifast, Realty Income, ONEOK, VICI Properties, and Cogent Communications Holdings.
Is It Worth Investing in Oneok Inc. (NYSE: OKE) Right Now?
Oneok Inc. (NYSE: OKE) has a price-to-earnings ratio of 12.28x that is above its average ratio. Additionally, the 36-month beta value for OKE is 1.62. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
The average price predicted by analysts for OKE is $74.02, which is $7.13 above the current price. The public float for OKE is 580.13M and currently, short sellers hold a 1.94% ratio of that float. The average trading volume of OKE on November 21, 2023 was 5.03M shares.
OKE’s Market Performance
The stock of Oneok Inc. (OKE) has seen a 3.45% increase in the past week, with a -1.02% drop in the past month, and a 3.13% gain in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are at 1.86% for OKE. The simple moving average for the last 20 days is 1.99% for OKE stock, with a simple moving average of 3.97% for the last 200 days.
Analysts’ Opinion of OKE
Many brokerage firms have already submitted their reports for OKE stocks, with Truist repeating the rating for OKE by listing it as a “Hold.” The predicted price for OKE in the upcoming period, according to Truist is $68 based on the research report published on November 02, 2023 of the current year 2023.
OKE Trading at 1.40% 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 -6.54% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +0.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.66% upper at present.
During the last 5 trading sessions, OKE rose by +3.45%, which changed the moving average for the period of 200-days by -2.44% in comparison to the 20-day moving average, which settled at $65.59. In addition, Oneok Inc. saw 1.81% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at OKE starting from NORTON PIERCE, who purchase 24,607 shares at the price of $60.96 back on Jun 29. After this action, NORTON PIERCE now owns 42,017 shares of Oneok Inc., valued at $1,500,018 using the latest closing price.
DERKSEN BRIAN L, the Director of Oneok Inc., purchase 4,900 shares at $59.59 during a trade that took place back on Jun 28, which means that DERKSEN BRIAN L is holding 18,700 shares at $291,989 based on the most recent closing price.
Stock Fundamentals for OKE
Current profitability levels for the company are sitting at:
- +13.27 for the present operating margin
- +13.64 for the gross margin
The net margin for Oneok Inc. stands at +7.53. The total capital return value is set at 15.17, while invested capital returns managed to touch 9.03. Equity return is now at value 21.72, with 7.18 for asset returns.
Based on Oneok Inc. (OKE), the company’s capital structure generated 211.33 points at debt to equity in total, while total debt to capital is 67.88. Total debt to assets is 56.29, with long-term debt to equity ratio resting at 196.85. Finally, the long-term debt to capital ratio is 63.23.
When we switch over and look at the enterprise to sales, we see a ratio of 3.03, with the company’s debt to enterprise value settled at 0.32. The receivables turnover for the company is 15.38 and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
In conclusion, Oneok Inc. (OKE) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.