It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Oneok Inc. (OKE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.29, or -0.44%, to $65.23. The Oneok Inc. has recorded 86,226 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted ONEOK to Participate in BofA Securities Global Energy Conference.
Oneok Inc. is listed on the NYSE in the Energy sector while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $65.52 and fluctuated between $66.20 as its day high and $64.68 as its day low. The current market capitalization of Oneok Inc. is $38.17B. A total of 3.22 million shares were traded on the day, compared to an average of 5.02M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OKE has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 6,642 and the disposition of 2,133 shares. Over the last 12 months, there were 24 BUYs and 16 SELLs from insiders. Insiders purchased 129,434 shares during that period but sold 35,715.
In the most recent transaction, NORTON PIERCE bought 24,607 shares of OKE for 60.96 per share on Jun 29. After the transaction, the President & CEO now owns 42,017 company shares. In a previous transaction on Jun 28, DERKSEN BRIAN L bought 4,900 shares at 59.59 per share. OKE shares that Director owns now total 18,700.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Oneok Inc. pays an annual dividend of $3.83, resulting in a dividend yield of 5.84%, and it has a price to earnings (P/E) ratio of 12.03. OKE’s most recent ex-dividend date was 10/31/2023 when it declared a $0.9550 quarterly dividend that was paid in cash on 11/14/2023. Previously, the company paid the dividend on 8/14/2023 with an ex-dividend date of 7/31/2023. The OKE stock dividend was $0.9550 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OKE in the last 3 months, the mean price target is $74.31 with high estimates of $80.00 and low estimates of $65.00. In terms of 52-week highs and lows, OKE has a high of $71.57 and a low of $55.91.
As of this writing, OKE has an earnings estimate of $1.22 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.41 per share and a lower estimate of $1.13. The company reported an EPS of $1.04 in the last quarter, which was 2.00% higher than expectations of $1.02.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. OKE’s latest balance sheet shows that the firm has $146.39M in Cash & Short Term Investments as of fiscal 2021. There were $13.73B in debt and $3.18B in liabilities at the time. Its Book Value Per Share was $27.98, while its Total Shareholder’s Equity was $6.02B.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.93.