Will Oneok Inc. (OKE) benefit from Wall Street bulls Calls?

Oneok Inc. (NYSE: OKE) is -1.68% lower on its value in year-to-date trading and has touched a low of $55.91 and a high of $72.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OKE stock was last observed hovering at around $68.97 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $69.04, the stock is -0.43% and -0.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 0.10% at the moment leaves the stock 5.71% off its SMA200. OKE registered 0.42% gain for a year compared to 6-month gain of 5.97%. The firm has a 50-day simple moving average (SMA 50) of $3.55 and a 200-day simple moving average (SMA200) of $13.45.

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The stock witnessed a -2.57% loss in the last 1 month and extending the period to 3 months gives it a 8.50%, and is 1.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.38% over the week and 1.75% over the month.

Oneok Inc. (OKE) has around Jan 29 2024 employees, a market worth around $40.22B and $17.26B in sales. Current P/E ratio is 12.68 and Fwd P/E is 13.85. Profit margin for the company is 14.22%. Distance from 52-week low is 23.48% and -4.79% from its 52-week high. The company has generated returns on investments over the last 12 months (6.49%).

Oneok Inc. quarterly earnings per share for the current quarter are estimated at $1.2 with sales reaching $5.89B over the same period.The EPS is expected to grow by 42.92% this year, but quarterly earnings will post -15.30% year-over-year. Quarterly sales are estimated to grow 17.00% in year-over-year returns.

Oneok Inc. (OKE) Top Institutional Holders

1,615 institutions hold shares in Oneok Inc. (OKE), with institutional investors hold 69.30% of the company’s shares. The shares outstanding are 582.55M, and float is at 581.15M with Short Float at 2.03%. Institutions hold 69.07% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 53.71 million shares valued at $3.32 billion. The investor’s holdings represent 12.00% of the OKE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 46.31 million shares valued at $2.86 billion to account for 10.34% of the shares outstanding. The other top investors are State Street Corporation which holds 30.92 million shares representing 6.91% and valued at over $1.91 billion, while Deutsche Bank Aktiengesellschaft holds 2.16% of the shares totaling 9.66 million with a market value of $595.95 million.

Oneok Inc. (OKE) Insider Activity

A total of 3 insider transactions have happened at Oneok Inc. (OKE) in the last six months, with sales accounting for 2 and purchases happening 1 times. The most recent transaction is an insider sale by RODRIGUEZ EDUARDO A ,the company’sDirector. SEC filings show that RODRIGUEZ EDUARDO A sold 800 shares of the company’s common stock on Dec 22 at a price of $70.29 per share for a total of $56230.0. Following the sale, the insider now owns 25154.0 shares.

Oneok Inc. disclosed in a document filed with the SEC on Jun 29 that NORTON PIERCE (President & CEO) bought a total of 24,607 shares of the company’s common stock. The trade occurred on Jun 29 and was made at $60.96 per share for $1.5 million. Following the transaction, the insider now directly holds 42017.0 shares of the OKE stock.

Still, SEC filings show that on Jun 28, DERKSEN BRIAN L (Director) acquired 4,900 shares at an average price of $59.59 for $0.29 million. The insider now directly holds 18,700 shares of Oneok Inc. (OKE).

Oneok Inc. (OKE): Who are the competitors?

The company’s main competitors (and peers) include Atmos Energy Corp. (ATO) that is trading -3.17% down over the past 12 months. NiSource Inc. (NI) that is -6.96% lower over the same period.