Oneok Inc. (NYSE:OKE) shares traded 0.35% higher at $79.34 on Wall Street last session.
OKE stock price is now 5.66% away from the 50-day moving average and 15.59% away from the 200-day moving average. The market capitalization of the company currently stands at $46.27B.
With the price target maintained at $76, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Oneok Inc. (NYSE: OKE)., while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Smith Wayne Thomas, Director bought 2,700 shares of the company’s stock on Mar 01 ’24. The stock was bought for $203,175 at an average price of $75.25. Upon completion of the transaction, the Director now directly owns 2,700 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 22 ’23, Director RODRIGUEZ EDUARDO A sold 800 shares of the business’s stock. A total of $56,230 was realized by selling the stock at an average price of $70.29. This leaves the insider owning 25,154 shares of the company worth $2.0 million. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Oneok Inc. has had a low of $55.91 and a high of $80.81. As of last week, the company has a debt-to-equity ratio of 1.32, a current ratio of 0.90, and a quick ratio of 0.67. According to the stock market information, the enterprise value for the company is $67.73B, which is based on a 14.32 price-to-earnings ratio, a 1.23 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for OKE is $75.28 and a two-hundred day moving average price translates $68.74 for the stock.
The latest earnings results from Oneok Inc. (NYSE: OKE) was released for Dec, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $1.18, missing analysts’ expectations of $1.2 by -0.02. This compares to $1.09 EPS in the same period last year. The net profit margin was 15.21% and return on equity was 23.14% for OKE. The company reported revenue of $5.24 billion for the quarter, compared to $5.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.03 percent. For the current quarter, analysts expect OKE to generate $6.22B in revenue.
