ONEOK Inc. (NYSE:OKE) finished Wednesday with an addition of $0.32 to close at $63.27, an upside of 0.51 percent. An average of 1,893,460 shares of common stock have been traded in the last five days. There was a gain of $3.17 in the past week. The last 20 days have seen an average of 2,671,020 shares traded, while the 50-day average volume stands at 2,283,910.
OKE stock has increased by 19.26% in the last month. The company shares reached their 1-month lowest point of $52.11 on 09/20/21. With the stock rallying to its 52-week high on 10/12/21, shares of the company touched a low of $26.76 and a high of $63.51 in 52 weeks. In spite of this, the price is down -0.38% from the 52-week high.
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ONEOK Inc. (OKE) has a trailing price-to-earnings (P/E) ratio of 20.96, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, ONEOK Inc.’s PE ratio has ranged between 48.18 and 5.023. The stock’s beta is 1.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.45, the price-to-book (PB) ratio at 4.78.
ONEOK Inc. pays a $3.74 dividend per share annually. It offers a dividend yield of 5.91%. The company has a payout ratio of 123.70%. The company’s most recent quarterly dividend payment took place on Aug. 16, and it was $0.9350 a share, without any change from last year. Its dividend has been increased for the last 4 consecutive years with the latest increase dividend $0.02 reported on Wednesday January 15 2020. Dividends have grown by 37.50% each year over the last three years.
ONEOK Inc. will next go ex-dividend on 1-Nov. The next dividend payment ONEOK Inc. will make is expected to be $0.935.
The quick ratio of ONEOK Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.31 and a total debt to equity ratio of 2.40 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 34.80% against a 5-year average of 25.0%. ONEOK Inc.’s EBITDA margin for the year ending June 29 is 29.32%, while its operating margin for the same period stands at 20.90%. Its gross profit as reported stood at $1.36 billion compared to revenue of $8.54 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ONEOK Inc.’s return on assets was 5.80%, compared to 4.0% over the last five years. In the past year, the return on investment has been 5.70%, and the 5-year average is 7.7%. Meanwhile, the return on equity (ROE) for the past 12 months has been 22.30% and the 5-year average holds at 39.3%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated ONEOK Inc.’s latest quarter earnings to come in at $0.75 per share, but it turned out to be $0.77, a 2.70% surprise. For the quarter, EBITDA amounted to $768.43 million. Shareholders own equity worth $445.66 million.
From a technical analysis perspective, let’s take a brief look at ONEOK Inc. (OKE) price momentum. RSI 9-day as of the close on 13 October was 82.91%, suggesting the stock is Overbought, with historical volatility in this time frame at 9.41%.
As of today, OKE’s price is $62.10 +5.27% or $3.17 from its 5-day moving average. OKE is currently trading +13.57% higher than its 20-day SMA and +18.79% higher than its 100-day SMA. However, the stock’s current price level is +23.02% above the SMA50 and +64.72% above the SMA200.
The stochastic %K and %D were 93.13% and 93.04%, respectively, and the average true range (ATR) was 1.57. With the 14-day stochastic at 96.41% and the average true range at 1.55, the RSI (14) stands at 76.54%. The stock has reached 1.56 on the 9-day MACD Oscillator while the 14-day reading was at 2.58.
The consensus rating for ONEOK Inc. (OKE) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell OKE, while 15 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 4 others rate it as a “buy”.
What is OKE’s price target for the next 12 months?
Analysts predict a range of price targets between $46.00 and $70.00, with a median target of $57.00. Taking a look at these predictions, the average price target given by analysts for ONEOK Inc. (OKE) stock is $57.86.