Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The closing price of Oneok Inc. (NYSE: OKE) was $76.92 for the day, down -2.78% from the previous closing price of $79.12. In other words, the price has decreased by -$2.78 from its previous closing price. On the day, 4.85 million shares were traded. OKE stock price reached its highest trading level at $78.995 during the session, while it also had its lowest trading level at $76.57.
Ratios:
Our analysis of OKE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 132.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.60. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.29.
BofA Securities Upgraded its Neutral to Buy on December 04, 2023, whereas the target price for the stock was revised from $72 to $83.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 01 ’24 when Smith Wayne Thomas bought 2,700 shares for $75.25 per share. The transaction valued at 203,175 led to the insider holds 2,700 shares of the business.
RODRIGUEZ EDUARDO A sold 800 shares of OKE for $56,230 on Dec 22 ’23. The Director now owns 25,154 shares after completing the transaction at $70.29 per share. On Jun 29 ’23, another insider, NORTON PIERCE, who serves as the President & CEO of the company, bought 24,607 shares for $60.96 each. As a result, the insider paid 1,500,018 and bolstered with 42,017 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OKE now has a Market Capitalization of 44893896704 and an Enterprise Value of 67565576192. As of this moment, Oneok’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.88, and their Forward P/E ratio for the next fiscal year is 14.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.57 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 3.822 whereas that against EBITDA is 16.011.
Stock Price History:
Over the past 52 weeks, OKE has reached a high of $81.81, while it has fallen to a 52-week low of $55.91. The 50-Day Moving Average of the stock is -1.32%, while the 200-Day Moving Average is calculated to be 10.11%.
Shares Statistics:
OKE traded an average of 2.93M shares per day over the past three months and 2720960 shares per day over the past ten days. A total of 583.09M shares are outstanding, with a floating share count of 581.61M. Insiders hold about 0.26% of the company’s shares, while institutions hold 70.03% stake in the company. Shares short for OKE as of 1713139200 were 10724051 with a Short Ratio of 3.66, compared to 1710460800 on 11834049. Therefore, it implies a Short% of Shares Outstanding of 10724051 and a Short% of Float of 2.09.
Dividends & Splits
With its trailing 12-month dividend rate of 3.855, OKE has a forward annual dividend rate of 3.89. Against a Trailing Annual Dividend Yield of 0.048723456The stock’s 5-year Average Dividend Yield is 7.04.
Earnings Estimates
As of right now, 13.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.19 for the current quarter, with a high estimate of $1.31 and a low estimate of $0.99, while EPS last year was $1.04. The consensus estimate for the next quarter is $1.26, with high estimates of $1.37 and low estimates of $1.02.
Analysts are recommending an EPS of between $5.37 and $3.95 for the fiscal current year, implying an average EPS of $4.91. EPS for the following year is $5.45, with 18.0 analysts recommending between $6.03 and $4.38.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $6.58B to a low estimate of $5.86B. As of the current estimate, Oneok Inc.’s year-ago sales were $4.67BFor the next quarter, 3 analysts are estimating revenue of $6.51B. There is a high estimate of $6.76B for the next quarter, whereas the lowest estimate is $6.08B.
A total of 8 analysts have provided revenue estimates for OKE’s current fiscal year. The highest revenue estimate was $29.09B, while the lowest revenue estimate was $23.13B, resulting in an average revenue estimate of $25.15B. In the same quarter a year ago, actual revenue was $17.68BBased on 7 analysts’ estimates, the company’s revenue will be $25.14B in the next fiscal year. The high estimate is $27.69B and the low estimate is $22.05B.
