Stocks of Oneok Inc (NYSE:OKE) traded higher last session on Wall Street, up 0.75% to $96.88.
OKE stock price is now 3.66% away from the 50-day moving average and 17.59% away from the 200-day moving average. The market capitalization of the company currently stands at $56.59B.
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On September 16, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $103 to quote $111, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, MOORE PATTYE L, Director sold 3,379 shares of the company’s stock on Sep 05 ’24. The stock was sold for $310,902 at an average price of $92.01. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, Director MOORE PATTYE L bought 3,379 shares of the business’s stock. A total of $310,294 was incurred on buying the stock at an average price of $91.83. 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 $63.33 and a high of $98.43. As of last week, the company has a debt-to-equity ratio of 1.67, a current ratio of 0.81, and a quick ratio of 0.59. According to the stock market information, the enterprise value for the company is $84152664064, which is based on a 20.27 price-to-earnings ratio, a 4.96 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for OKE is $93.4574 and a two-hundred day moving average price translates $82.39 for the stock.
The latest earnings results from Oneok Inc (NYSE: OKE) was released for 2024-09-30. The net profit margin was 14.08% and return on equity was 16.87% for OKE. The company reported revenue of $5.02 billion for the quarter, compared to $4.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.91 percent.
