Oneok Inc (NYSE: OKE) has seen a rise in its stock price by 0.82 in relation to its previous close of 108.96. However, the company has experienced a 5.65% gain in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-21 that TULSA, Okla., Jan. 21, 2025 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) will release fourth quarter and year-end 2024 earnings after the market closes on Feb. 24, 2025.
Is It Worth Investing in Oneok Inc (NYSE: OKE) Right Now?
The price-to-earnings ratio for Oneok Inc (NYSE: OKE) is above average at 23.00x. The 36-month beta value for OKE is also noteworthy at 1.67. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 5 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for OKE is 582.87M, and at present, short sellers hold a 2.67% of that float. The average trading volume of OKE on January 22, 2025 was 3.03M shares.
OKE’s Market Performance
OKE stock saw an increase of 5.65% in the past week, with a monthly gain of 7.93% and a quarterly increase of 13.91%. The volatility ratio for the week is 2.12%, and the volatility levels for the last 30 days are 2.13% for Oneok Inc (OKE). The simple moving average for the last 20 days is 6.60% for OKE stock, with a simple moving average of 20.95% for the last 200 days.
Analysts’ Opinion of OKE
Many brokerage firms have already submitted their reports for OKE stocks, with Scotiabank repeating the rating for OKE by listing it as a “Sector Outperform.” The predicted price for OKE in the upcoming period, according to Scotiabank is $109 based on the research report published on January 10, 2025 of the current year 2025.
Wells Fargo, on the other hand, stated in their research note that they expect to see OKE reach a price target of $107. The rating they have provided for OKE stocks is “Equal Weight” according to the report published on December 18th, 2024.
BofA Securities gave a rating of “Buy” to OKE, setting the target price at $105 in the report published on October 17th of the previous year.
OKE Trading at 3.35% 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 -6.96% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +12.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.40% upper at present.
During the last 5 trading sessions, OKE rose by +5.65%, which changed the moving average for the period of 200-days by +37.06% in comparison to the 20-day moving average, which settled at $103.05. In addition, Oneok Inc saw 9.41% 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 McKenzie Mark A, who proposed sale 3,800 shares at the price of $100.70 back on Dec 23 ’24. After this action, McKenzie Mark A now owns shares of Oneok Inc, valued at $382,660 using the latest closing price.
King Tim T., the Officer of Oneok Inc, proposed sale 507 shares at $108.31 during a trade that took place back on Nov 13 ’24, which means that King Tim T. is holding shares at $54,913 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 4.61. 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 summary, Oneok Inc (OKE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
