A new trading day began on Tuesday, with Oneok Inc. (NYSE: OKE) stock price up 0.57% from the previous day of trading, before settling in for the closing price of $96.82. OKE’s price has ranged from $63.33 to $98.43 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 15.36% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -7.60%. With a float of $582.83 million, this company’s outstanding shares have now reached $583.09 million.
In an organization with 4775 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 26.07%, operating margin of 22.43%, and the pretax margin is 16.63%.
Oneok Inc. (OKE) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Midstream Industry. The insider ownership of Oneok Inc. is 0.21%, while institutional ownership is 69.97%. The most recent insider transaction that took place on Sep 05 ’24, was worth 310,902. In this transaction Director of this company sold 3,379 shares at a rate of $92.01, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 05 ’24, when Company’s Director proposed sale 3,379 for $91.83, making the entire transaction worth $310,294.
Oneok Inc. (OKE) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.99 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.09% during the next five years compared to 14.52% growth over the previous five years of trading.
Oneok Inc. (NYSE: OKE) Trading Performance Indicators
Here are Oneok Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.41. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.99. Likewise, its price to free cash flow for the trailing twelve months is 22.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.59, a number that is poised to hit 1.19 in the next quarter and is forecasted to reach 6.11 in one year’s time.
Technical Analysis of Oneok Inc. (OKE)
Let’s dig in a bit further. During the last 5-days, its volume was 1.97 million. That was inferior than the volume of 2.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 76.57%. Additionally, its Average True Range was 1.74.
During the past 100 days, Oneok Inc.’s (OKE) raw stochastic average was set at 95.08%, which indicates a significant increase from 80.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.13% in the past 14 days, which was lower than the 21.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $92.12, while its 200-day Moving Average is $81.47. However, in the short run, Oneok Inc.’s stock first resistance to watch stands at $97.78. Second resistance stands at $98.20. The third major resistance level sits at $98.65. If the price goes on to break the first support level at $96.91, it is likely to go to the next support level at $96.46. Assuming the price breaks the second support level, the third support level stands at $96.04.
Oneok Inc. (NYSE: OKE) Key Stats
With a market capitalization of 56.87 billion, the company has a total of 583,647K Shares Outstanding. Currently, annual sales are 17,677 M while annual income is 2,659 M. The company’s previous quarter sales were 4,894 M while its latest quarter income was 780,000 K.
