The stock of Oneok Inc. (OKE) has gone down by -4.11% for the week, with a -1.98% drop in the past month and a 14.66% rise in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are 1.81% for OKE. The simple moving average for the last 20 days is -1.32% for OKE stock, with a simple moving average of 11.44% for the last 200 days.
Is It Worth Investing in Oneok Inc. (NYSE: OKE) Right Now?
Oneok Inc. (NYSE: OKE) has a price-to-earnings ratio of 18.17x that is above its average ratio. Additionally, the 36-month beta value for OKE is 1.63. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 12 rating it as “hold,” and 0 rating it as “sell.”
The public float for OKE is 582.10M and currently, short sellers hold a 1.84% ratio of that float. The average trading volume of OKE on May 07, 2024 was 2.95M shares.
OKE) stock’s latest price update
The stock of Oneok Inc. (NYSE: OKE) has increased by 1.09 when compared to last closing price of 77.23. Despite this, the company has experienced a -4.11% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-01 that ONEOK, Inc. (NYSE:OKE ) Q1 2024 Earnings Conference Call May 1, 2024 11:00 AM ET Company Participants Andrew Ziola – Vice President, Investor Relations Pierce Norton – President and Chief Executive Officer Walt Hulse – Chief Financial Officer Sheridan Swords – Executive Vice President, Commercial Liquids and Natural Gas Gathering and Processing Chuck Kelley – Senior Vice President, Natural Gas Pipelines Kevin Burdick – Executive Vice President and Chief Enterprise Services Officer Conference Call Participants Jeremy Tonet – JPMorgan Spiro Dounis – Citi Tristan Richardson – Scotiabank Michael Blum – Wells Fargo Theresa Chen – Barclays Sunil Sibal – Seaport Global Securities Neel Mitra – Bank of America Keith Stanley – Wolfe Research Neal Dingmann – Truist Securities Craig Shere – Tuohy Brothers Operator Good day and welcome to the ONEOK First Quarter 2024 Earnings Conference Call and Webcast. [Operator Instructions] Please note this event is being recorded.
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 -0.16% 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 -4.57% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -2.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.99% upper at present.
During the last 5 trading sessions, OKE fell by -4.11%, which changed the moving average for the period of 200-days by +18.41% in comparison to the 20-day moving average, which settled at $79.02. In addition, Oneok Inc. saw 11.18% 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:
- 0.21 for the present operating margin
- 0.27 for the gross margin
The net margin for Oneok Inc. stands at 0.13. The total capital return value is set at 0.09. Equity return is now at value 19.08, with 6.53 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 0.18. The debt to equity ratio resting at 1.34. The interest coverage ratio of the stock is 6.56.
Currently, EBITDA for the company is 4.89 billion with net debt to EBITDA at 5.06. When we switch over and look at the enterprise to sales, we see a ratio of 3.77. The receivables turnover for the company is 10.53for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In conclusion, Oneok Inc. (OKE) has seen mixed 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.
