In the past week, OKE stock has gone down by -2.81%, with a monthly decline of -2.76% and a quarterly surge of 1.53%. The volatility ratio for the week is 3.02%, and the volatility levels for the last 30 days are 2.57% for Oneok Inc The simple moving average for the past 20 days is -5.53% for OKE’s stock, with a 6.32% simple moving average for the past 200 days.
Is It Worth Investing in Oneok Inc (NYSE: OKE) Right Now?
Oneok Inc (NYSE: OKE) has a price-to-earnings ratio of 20.44x that is above its average ratio. Additionally, the 36-month beta value for OKE is 1.66. 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 582.84M and currently, short sellers hold a 2.64% ratio of that float. The average trading volume of OKE on February 04, 2025 was 3.50M shares.
OKE) stock’s latest price update
Oneok Inc (NYSE: OKE) has seen a rise in its stock price by 0.47 in relation to its previous close of 97.17. However, the company has experienced a -2.81% decline in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-31 that Transaction Strengthens ONEOK’s Integrated Value Chain and Further Diversifies Platform TULSA, Okla., Jan. 31, 2025 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) (ONEOK) today announced that it has completed its acquisition of EnLink Midstream, LLC (EnLink).
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 -7.15% 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 -17.31% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -4.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.23% lower at present.
During the last 5 trading sessions, OKE fell by -2.81%, which changed the moving average for the period of 200-days by +26.66% in comparison to the 20-day moving average, which settled at $103.35. In addition, Oneok Inc saw -2.76% in overturn over a single year, with a tendency to cut further losses.
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 4.25. 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 conclusion, Oneok Inc (OKE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
