The price-to-earnings ratio for Oneok Inc (NYSE: OKE) is above average at 23.12x, Company’s 36-month beta value is 1.65.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for OKE is 582.87M, and currently, short sellers hold a 2.39% ratio of that floaft. The average trading volume of OKE on December 03, 2024 was 2.99M shares.
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OKE) stock’s latest price update
Oneok Inc (NYSE: OKE)’s stock price has dropped by -2.78 in relation to previous closing price of 113.60. Nevertheless, the company has seen a loss of -5.65% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-02 that Consolidation continues full steam in the US midstream space. ONEOK recently acquired Medallion Midstream and a 43% share of EnLink Midstream. The final 57% share in EnLink will be purchased in a tax-free exchange. The combined company will benefit from synergies, expanded services, and a stronger valuation.
OKE’s Market Performance
OKE’s stock has fallen by -5.65% in the past week, with a monthly rise of 14.00% and a quarterly rise of 19.73%. The volatility ratio for the week is 3.21% while the volatility levels for the last 30 days are 2.59% for Oneok Inc. The simple moving average for the past 20 days is 1.11% for OKE’s stock, with a 27.68% simple moving average for the past 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 9.67% 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 -6.46% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +18.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.53% upper at present.
During the last 5 trading sessions, OKE fell by -5.65%, which changed the moving average for the period of 200-days by +55.42% in comparison to the 20-day moving average, which settled at $109.23. In addition, Oneok Inc saw 57.28% 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 5.11 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 4.63. 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
In a nutshell, Oneok Inc (OKE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
