After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed ONEOK to Participate in U.S. Capital Advisors Midstream Corporate Access Day.
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Stocks Info
As a NYSE listed company, OKE falls under the Energy sector while operating within the Oil & Gas Midstream industry segment. At the end of the last regular session, the stock closed at $72.97 and fluctuated between $73.56 as its day high and $72.92 as its day low. The current market capitalization of Oneok Inc. is $42.51B. A total of 3.08 million shares were traded on the day, compared to an average of 3.53M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OKE has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 800 shares. Over the last 12 months, there were 10 BUYs and 3 SELLs from insiders. Insiders purchased 63,594 shares during that period but sold 8,860.
In the most recent transaction, RODRIGUEZ EDUARDO A sold 800 shares of OKE for 70.29 per share on Dec 22. After the transaction, the Director now owns 25,154 company shares. In a previous transaction on Jun 29, NORTON PIERCE bought 24,607 shares at 60.96 per share. OKE shares that President & CEO owns now total 42,017.
Among the insiders who bought shares, DERKSEN BRIAN L acquired of 4,900 shares on Jun 28 at a per-share price of $59.59. This resulted in the Director holding 18,700 shares of OKE after the transaction.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Oneok Inc. pays an annual dividend of $3.85, resulting in a dividend yield of 5.28%, and it has a price to earnings (P/E) ratio of 13.40. OKE’s most recent ex-dividend date was 1/29/2024 when it declared a $0.99 quarterly dividend that was paid in cash on 2/14/2024. Previously, the company paid the dividend on 11/14/2023 with an ex-dividend date of 10/31/2023. The OKE stock dividend was $0.9550 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OKE in the last 3 months, the mean price target is $77.23 with high estimates of $86.00 and low estimates of $68.00. In terms of 52-week highs and lows, OKE has a high of $73.83 and a low of $55.91.
As of this writing, OKE has an earnings estimate of $1.2 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.3 per share and a lower estimate of $1.11. 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
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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.
Analysts Opinion
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, 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 4.06.
