Oneok Inc (NYSE: OKE) has a price-to-earnings ratio that is above its average at 23.55x. The stock has a 36-month beta value of 1.64. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for OKE is 582.80M, and at present, short sellers hold a 1.94% of that float. On November 19, 2024, the average trading volume of OKE was 2.76M shares.
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OKE) stock’s latest price update
The stock price of Oneok Inc (NYSE: OKE) has surged by 2.46 when compared to previous closing price of 109.81, but the company has seen a 3.18% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-12 that TULSA, Okla., Nov. 12, 2024 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) will participate in the BofA Securities Global Energy Conference on Nov. 13, 2024, in Houston.
OKE’s Market Performance
Oneok Inc (OKE) has experienced a 3.18% rise in stock performance for the past week, with a 15.72% rise in the past month, and a 29.93% rise in the past quarter. The volatility ratio for the week is 2.07%, and the volatility levels for the past 30 days are at 2.12% for OKE. The simple moving average for the last 20 days is 10.89% for OKE stock, with a simple moving average of 33.14% 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 “Buy.” The predicted price for OKE in the upcoming period, according to BofA Securities is $105 based on the research report published on October 17, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see OKE reach a price target of $111, previously predicting the price at $103. The rating they have provided for OKE stocks is “Overweight” according to the report published on September 16th, 2024.
Seaport Research Partners gave a rating of “Buy” to OKE, setting the target price at $76 in the report published on February 08th of the current year.
OKE Trading at 16.05% 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 2.24% of gains for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares surge +16.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.24% upper at present.
During the last 5 trading sessions, OKE rose by +3.18%, which changed the moving average for the period of 200-days by +64.75% in comparison to the 20-day moving average, which settled at $101.46. In addition, Oneok Inc saw 60.23% 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 King Tim T., who proposed sale 507 shares at the price of $108.31 back on Nov 13 ’24. After this action, King Tim T. now owns shares of Oneok Inc, valued at $54,913 using the latest closing price.
MOORE PATTYE L, the Director of Oneok Inc, sale 3,379 shares at $92.01 during a trade that took place back on Sep 05 ’24, which means that MOORE PATTYE L is holding 0 shares at $310,902 based on the most recent closing price.
Stock Fundamentals for OKE
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.27 for the gross margin
The net margin for Oneok Inc stands at 0.14. The total capital return value is set at 0.1. Equity return is now at value 16.87, with 5.90 for asset returns.
Based on Oneok Inc (OKE), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.66. The interest coverage ratio of the stock is 3.78.
Currently, EBITDA for the company is 4.22 billion with net debt to EBITDA at 4.81. When we switch over and look at the enterprise to sales, we see a ratio of 4.69. The receivables turnover for the company is 15.88for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
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.
