Oneok Inc. (NYSE: OKE) has seen a rise in its stock price by 0.36 in relation to its previous close of 79.71. However, the company has experienced a 0.86% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-30 that Whenever I look into long-term investments, I want companies with importance in major supply chains. ONEOK Inc., the owner of the ONEOK Magellan East Houston terminal, is an important player in the energy industry. ONEOK offers consistent income growth, resilient earnings, and attractive long-term returns through dividends and buybacks.
Is It Worth Investing in Oneok Inc. (NYSE: OKE) Right Now?
Oneok Inc. (NYSE: OKE) has a price-to-earnings ratio that is above its average at 14.43x. The stock has a 36-month beta value of 1.62. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for OKE is 581.61M, and at present, short sellers hold a 2.03% of that float. On April 03, 2024, the average trading volume of OKE was 3.08M shares.
OKE’s Market Performance
The stock of Oneok Inc. (OKE) has seen a 0.86% increase in the past week, with a 6.48% rise in the past month, and a 13.93% gain in the past quarter. The volatility ratio for the week is 1.14%, and the volatility levels for the past 30 days are at 1.31% for OKE. The simple moving average for the last 20 days is 2.33% for OKE stock, with a simple moving average of 17.76% for the last 200 days.
Analysts’ Opinion of OKE
Many brokerage firms have already submitted their reports for OKE stocks, with Seaport Research Partners repeating the rating for OKE by listing it as a “Buy.” The predicted price for OKE in the upcoming period, according to Seaport Research Partners is $76 based on the research report published on February 08, 2024 of the current year 2024.
BofA Securities gave a rating of “Buy” to OKE, setting the target price at $83 in the report published on December 04th of the previous year.
OKE Trading at 8.58% 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 -0.66% of loss for the given period.
Volatility was left at 1.31%, however, over the last 30 days, the volatility rate increased by 1.14%, as shares surge +4.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.22% upper at present.
During the last 5 trading sessions, OKE rose by +0.86%, which changed the moving average for the period of 200-days by +32.38% in comparison to the 20-day moving average, which settled at $78.35. In addition, Oneok Inc. saw 13.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OKE starting from Smith Wayne Thomas, who purchase 2,700 shares at the price of $75.25 back on Mar 01 ’24. After this action, Smith Wayne Thomas now owns 2,700 shares of Oneok Inc., valued at $203,175 using the latest closing price.
RODRIGUEZ EDUARDO A, the Director of Oneok Inc., sale 800 shares at $70.29 during a trade that took place back on Dec 22 ’23, which means that RODRIGUEZ EDUARDO A is holding 25,154 shares at $56,230 based on the most recent closing price.
Stock Fundamentals for OKE
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.26 for the gross margin
The net margin for Oneok Inc. stands at 0.15. The total capital return value is set at 0.1. Equity return is now at value 23.14, with 7.41 for asset returns.
Based on Oneok Inc. (OKE), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is 9.53.
Currently, EBITDA for the company is 4.89 billion with net debt to EBITDA at 4.53. When we switch over and look at the enterprise to sales, we see a ratio of 3.86. The receivables turnover for the company is 10.34for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To sum up, Oneok Inc. (OKE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
