There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for ONEOK Inc. (OKE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.23, or -0.34%, to $68.42. The ONEOK Inc. has recorded 36,203 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that ONEOK Schedules 2023 Annual Meeting of Shareholders; Sets Record Date.
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This NYSE-listed company operates within the Oil & Gas Midstream industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $68.65 and fluctuated between $68.80 as its day high and $67.67 as its day low. The current market capitalization of ONEOK Inc. is $30.17B. A total of 2.25 million shares were traded on the day, compared to an average of 2.37M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, OKE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 0 SELLs from insiders. Insiders purchased 21,751 shares during that period but sold 0.
In the most recent transaction, NORTON PIERCE bought 8,975 shares of OKE for 55.54 per share on Jun 17. After the transaction, the President & CEO now owns 9,414 company shares.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. ONEOK Inc. pays an annual dividend of $3.82, resulting in a dividend yield of 5.56%, and it has a price to earnings (P/E) ratio of 17.89. OKE’s most recent ex-dividend date was 1/27/2023 when it declared a $0.9550 quarterly dividend that was paid in cash on 2/14/2023. Previously, the company paid the dividend on 11/14/2022 with an ex-dividend date of 10/31/2022. The OKE stock dividend was $0.9350 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for OKE in the last 3 months, the mean price target is $73.44 with high estimates of $81.00 and low estimates of $61.00. In terms of 52-week highs and lows, OKE has a high of $75.07 and a low of $50.50.
As of this writing, OKE has an earnings estimate of $1.03 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.09 per share and a lower estimate of $0.89. The company reported an EPS of $0.92 in the last quarter, which was 5.70% higher than expectations of $0.87.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OKE is Sell with a score of 3.71. A total of 5 analysts rated the stock as Buy while 4 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.