The ONEOK, Inc. (NYSE:OKE) is going up by 0.63% in today’s trading session, a rise equivalent to 0.48% of the stock’s price from yesterday’s market close. A news came out on 09/03/19 stating that The 3 Best Oil Stocks So Far This Year by BARRONS. The lowest point that the shares touched during the trading session was $75.43, while the peak of the day was recorded at a share price of $77.21. OKE finished the previous session at $75.83 according to the data provided by Barchart, while the trading volume was observed to be $1,295,288.
In the 100 days of trading, OKE managed to top a 68.46% Moving average. Additionally, ONEOK, Inc. shares have achieved a 52-week range between 50.26 and 77.21 alongside 100 days raw stochastic set at 92.68%.
The number of shares outstanding, according to the fundamentals of the company, is set at 413.61M, equal to the value of $31.36B in market capitalization. In the last 30 days, ONEOK, Inc. shares went down by -1.33%, adding 77.21 to growth in value, on top of a +13.43% boost since 08/16/19.
ONEOK, Inc. (NYSE:OKE) Analyst’s Estimates
ONEOK, Inc. (OKE) could record at least $0.75 per share in quarterly earnings in the upcoming report on 11/04/2019, a number that would actually represent an increase of 24.68% YOY.
According to the average analyst rating, ONEOK, Inc. would be rated as Overweight. Out of 23 different analysts monitoring OKE stock, 10 analysts rate the stock as a BUY, 12 suggest to give the rating of HOLD, 1 indicate that OKE is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Aug-12-19, the stock earned a Upgrade rating due to a new analyst call from UBS, while analysts from Seaport Global Securities believe that the stock is set at Neutral from Buy, as concluded on Apr-22-19. Jefferies, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on Apr-01-19.
Regardless of the rating, UBS did increase their price to $68 as they are considering target share price analysis. SunTrust, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-18-19, giving the stock a Buy rating.
OKE Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +15.59% has been attained, while the operating margin has been recorded at +14.77%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 6.57%. Beta value of the stock is recorded at 1.10. Additionally, ONEOK, Inc. is recording price volatility of 1.61% for the period of the last seven days and 1.83% in the last 30 days.
ONEOK, Inc. (NYSE:OKE) Technical Outlook
For the period of the last 50 days, ONEOK, Inc. had its Raw Stochastic average set at 90.84% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 89.75%. Stochastic %K for ONEOK, Inc., with the last 20 days included, was set at 89.92%, having Stochastic %D topping 91.09%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for ONEOK, Inc. stocks with recording 40.56% in metrics.
ONEOK, Inc. Insider Watch:
As far as the position of shares issued by ONEOK, Inc. (NYSE:OKE) for the period concluded at the market close of 09/16/19, 397 institutional investors increased their positions in OKE shares by 14,392,666, 391 decreased positions by 14,314,378 and 169 institutional investors decided to hold positions at 286,073,319. These numbers put the complete list of institutional holdings set at 314,780,363 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 66 institutional investments with 1,996,735 new shares in addition to having 63 institutional investors selling their positions in 1,148,325 shares.