Don’t Ignore the Clear Buy-In Signals: ONEOK, Inc.

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ONEOK, Inc. kicked off the trading day on 08/22/19 with a price decrease of -1.26%, equivalent to -$0.9 relative change for the day. Taking a more long-term approach, OKE had a 52-week range of $50.26 to $72.38. At the time of this article’s publishing, this stock is trading at $70.28 after starting the trading session at $71.36. Moving on, the stock has demonstrated a 52-week change amounting to -3.93, alongside an S&P500 52-Week Change of -9.91. At the time of writing, this stock’s 50-day Moving Average stands at $68.75, while the 200-day Moving Average of this stock is currently $65.46.

Currently, this company’s share volume is sitting at $1,802,707, but has maintained average daily volume of $2.00M. This stock has generated an average Year to Date volume of $2.3 million, alongside an average 20-day volume of $2.26 million. This publicly-traded company’s shares outstanding now amounts to $413.61 million, simultaneously with a float of $410.23 million. The organization now has a market capitalization sitting at $29.07 billion.

ONEOK, Inc.(OKE) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. ONEOK, Inc.’s current insider ownership accounts for 0.40%, in contrast to 77.20% institutional ownership. According to the most recent latest insider trade that took place on Mar 15 this organization’s Director sold 1,500 at the rate of 66.75, making the entire transaction hit 100,130 in total value, affecting insider ownership by 15,536. Preceding that transaction, on Feb 17 Company’s SVP NGL exercised an option 54,718 at a price of 589.39, making the whole transaction’s value amount to 32,249,966. This particular insider is now the holder of 186,604 in total.

If we take a glance at the Ownership summary of ONEOK, Inc.’s stock, 957 Institutional holders make up 76.22% of its total stock ownership. All together, they are the legal holders of 314,768,803 shares, which are valued at about $22,367,471,141 in total. If we focus on the top 3 stockholders for this publicly-traded organization, VANGUARD GROUP INC owns 46.63 million shares, with BLACKROCK INC. in 2nd place owning 44.32 million shares and STATE STREET CORP in third place with total ownership of 20.09 million shares.

ONEOK, Inc. (OKE) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on Jun-19, the organization reported $0.75 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at $0.71) by $0.04.

The corporation racked down revenue of $2,779.96million for the previous financial quarter, compared to the mean analyst estimate of $2,787.28 million. This company achieved a net margin of 10.67 while generating a return on equity of 19.19. ONEOK, Inc.’s full-quarter revenue decreased by -16.99%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.75 per share during the current fiscal year.

ONEOK, Inc.’s EPS increase for this current 12-month fiscal period is 57.60%, and is forecasted to reach 22.61% in the upcoming year. Looking at the long run, market analysts have predicted that Company’s EPS will increase by 15.20% through the next 5 years, which can be compared against the 15.90% growth it accomplished over the previous five years trading on the market.

Additional Trading Performance Indicators

Now turning our attention to the current performance indicators for ONEOK, Inc., this organization’s Quick Ratio in the last reported quarter now stands at 0.60. The company has managed to achieve an average true range (ATR) of 1.51. Alongside those, its PE Ratio stands at $23.25, and its Beta score is 1.11.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.47 for this organization. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 4.58, whereas its price to cash per share for the last quarter landed at 0.66.

In the same vein, OKE’s Diluted EPS (Earnings per Share) trailing twelve months was posted at 3.02, a figure that is expected to reach 0.75 in the next reported quarter, and analysts expect it will be 22.61% at the market close of one year from today’s date.