Oneok Inc (NYSE: OKE) is -2.62% lower on its value in year-to-date trading and has touched a low of $75.47 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 $82.14 in the last trading session, with the day’s loss setting it -1.97%.
Currently trading at $80.17, the stock is -1.70% and -2.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.93 million and changing -2.40% at the moment leaves the stock -15.29% off its SMA200. OKE registered -20.15% loss for a year compared to 6-month loss of -20.15%. The firm has a 50-day simple moving average (SMA 50) of $82.4706 and a 200-day simple moving average (SMA200) of $94.6452.
The stock witnessed a -0.43% gain in the last 1 month and extending the period to 3 months gives it a -13.52%, and is -1.33% 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 2.00% over the week and 2.12% over the month.
Oneok Inc (OKE) has around 5177 employees, a market worth around $50.08B and $24.96B in sales. Current P/E ratio is 15.65 and Fwd P/E is 12.91. Profit margin for the company is 12.14%. Distance from 52-week low is 6.22% and -32.10% from its 52-week high. The company has generated returns on investments over the last 12 months (5.93%).
The EPS is expected to grow by 4.95% this year.
Oneok Inc (OKE) Top Institutional Holders
2032.0 institutions hold shares in Oneok Inc (OKE), with institutional investors hold 75.07% of the company’s shares. The shares outstanding are 624.63M, and float is at 623.42M with Short Float at 1.69%. Institutions hold 74.93% 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 11.8552% 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 8.7004 of the shares outstanding. The other top investors are STATE STREET CORP which holds 39.42 million shares representing 6.7425% and valued at over $3.21 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.877 of the shares totaling 16.82 million with a market value of $1.37 billion.
