In yesterday’s Wall Street session, Oneok Inc. (NYSE:OKE) shares traded at $87.46, up 0.56% from the previous session.
OKE stock price is now 6.50% away from the 50-day moving average and 15.61% away from the 200-day moving average. The market capitalization of the company currently stands at $51.08B.
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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, BROWN BRIEN H, Officer bought 1,281 shares of the company’s stock on Aug 08 ’24. The stock was bought for $108,948 at an average price of $85.05. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Director Smith Wayne Thomas bought 2,700 shares of the business’s stock. A total of $203,175 was incurred on buying the stock at an average price of $75.25. This leaves the insider owning 2,700 shares of the company worth $0.24 million. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Oneok Inc. has had a low of $60.58 and a high of $87.14. As of last week, the company has a debt-to-equity ratio of 1.31, a current ratio of 0.62, and a quick ratio of 0.41. According to the stock market information, the enterprise value for the company is $72920104960, which is based on a 19.07 price-to-earnings ratio, a 8.67 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for OKE is $82.2864 and a two-hundred day moving average price translates $75.7603 for the stock.
The latest earnings results from Oneok Inc. (NYSE: OKE) was released for 2024-06-30. The net profit margin was 13.46% and return on equity was 21.41% for OKE. The company reported revenue of $4.89 billion for the quarter, compared to $3.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.14 percent.
