Oneok Inc (NYSE: OKE) is -3.37% lower on its value in year-to-date trading and has touched a low of $67.05 and a high of $118.07 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 $97.63 in the last trading session, with the day’s loss setting it -0.61%.
Currently trading at $97.02, the stock is -5.85% and -7.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.19 million and changing -0.62% at the moment leaves the stock 5.54% off its SMA200. OKE registered 41.68% gain for a year compared to 6-month gain of 21.02%. The firm has a 50-day simple moving average (SMA 50) of $105.149 and a 200-day simple moving average (SMA200) of $91.82785.
The stock witnessed a -4.67% loss in the last 1 month and extending the period to 3 months gives it a 0.14%, and is -3.56% down 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 3.18% over the week and 2.62% over the month.
Oneok Inc (OKE) has around 4775 employees, a market worth around $60.54B and $19.88B in sales. Current P/E ratio is 20.31 and Fwd P/E is 16.24. Profit margin for the company is 14.08%. Distance from 52-week low is 44.70% and -17.83% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).
with sales reaching $6.73B over the same period.The EPS is expected to shrink by -6.42% this year, but quarterly earnings will post 25.03% year-over-year. Quarterly sales are estimated to grow 28.61% in year-over-year returns.
Oneok Inc (OKE) Top Institutional Holders
1894.0 institutions hold shares in Oneok Inc (OKE), with institutional investors hold 72.35% of the company’s shares. The shares outstanding are 623.95M, and float is at 622.47M with Short Float at 2.48%. Institutions hold 72.20% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 69.31 million shares valued at $5.65 billion. The investor’s holdings represent 11.8633% of the OKE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 50.86 million shares valued at $4.15 billion to account for 8.7063 of the shares outstanding. The other top investors are STATE STREET CORP which holds 39.42 million shares representing 6.7471% and valued at over $3.21 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.879 of the shares totaling 16.82 million with a market value of $1.37 billion.
Oneok Inc (OKE) Insider Activity
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Still, SEC filings show that on Sep 05 ’24, MOORE PATTYE L (Director) disposed off 3,379 shares at an average price of $92.01 for $0.31 million. The insider now directly holds 0 shares of Oneok Inc (OKE).
