Oneok Inc (NYSE: OKE) is -2.16% 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 $80.74 in the last trading session, with the day’s gains setting it 0.93%.
Currently trading at $81.67, the stock is 0.65% and -0.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing 1.15% at the moment leaves the stock -13.04% off its SMA200. OKE registered -18.66% loss for a year compared to 6-month loss of -25.65%. The firm has a 50-day simple moving average (SMA 50) of $81.9626 and a 200-day simple moving average (SMA200) of $93.9219.
The stock witnessed a 2.28% gain in the last 1 month and extending the period to 3 months gives it a -2.83%, and is 3.16% 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 2.59% over the week and 2.02% over the month.
Oneok Inc (OKE) has around 5177 employees, a market worth around $51.01B and $24.96B in sales. Current P/E ratio is 15.94 and Fwd P/E is 12.92. Profit margin for the company is 12.14%. Distance from 52-week low is 8.21% and -30.83% 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 6.49% this year
2025.0 institutions hold shares in Oneok Inc (OKE), with institutional investors hold 75.23% of the company’s shares. The shares outstanding are 624.63M, and float is at 623.45M with Short Float at 1.76%. Institutions hold 75.09% 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.
