Oneok Inc (NYSE: OKE) is -7.75% lower on its value in year-to-date trading and has touched a low of $76.23 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 $91.42 in the last trading session, with the day’s gains setting it 1.2%.
Currently trading at $92.62, the stock is -3.54% and -6.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.92 million and changing 1.31% at the moment leaves the stock -1.31% off its SMA200. OKE registered 19.60% gain for a year compared to 6-month gain of 1.71%.
The stock witnessed a -3.33% loss in the last 1 month and extending the period to 3 months gives it a -15.89%, and is -1.25% 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 3.42% over the week and 3.12% over the month.
Oneok Inc (OKE) has around 5177 employees, a market worth around $57.83B and $21.70B in sales. Current P/E ratio is 17.90 and Fwd P/E is 14.59. Profit margin for the company is 13.98%. Distance from 52-week low is 21.50% and -21.56% from its 52-week high. The company has generated returns on investments over the last 12 months (6.29%).
with sales reaching $8.23B over the same period.The EPS is expected to grow by 8.62% this year, but quarterly earnings will post 21.30% year-over-year. Quarterly sales are estimated to grow 72.23% in year-over-year returns.
Oneok Inc (OKE) Top Institutional Holders
The shares outstanding are 624.34M, and float is at 622.93M with Short Float at 1.84%.
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 Dec 23 ’24, McKenzie Mark A (Officer) Proposed Sale 3,800 shares at an average price of $100.70 for $0.38 million. The insider now directly holds shares of Oneok Inc (OKE).
