Oneok Inc. (OKE) Is Not Likely To Be The Same Tomorrow

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that ONEOK First Quarter 2024 Conference Call and Webcast Scheduled.

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Stocks Info

Oneok Inc. is listed on the NYSE in the Energy sector while operating in the Oil & Gas Midstream industry. The current market capitalization of Oneok Inc. is $46.10B. A total of 3.34 million shares were traded on the day, compared to an average of 3.06M shares.

In the most recent transaction, Smith Wayne Thomas bought 2,700 shares of OKE for 75.25 per share on Mar 01 ’24. After the transaction, the Director now owns 2,700 company shares. In a previous transaction on Dec 22 ’23, RODRIGUEZ EDUARDO A sold 800 shares at 70.29 per share. OKE shares that Director owns now total 25,154.

Among the insiders who bought shares, NORTON PIERCE acquired of 24,607 shares on Jun 29 ’23 at a per-share price of $60.96. This resulted in the President & CEO holding 42,017 shares of OKE after the transaction. In another insider transaction, DERKSEN BRIAN L bought 4,900 shares at $59.59 per share on Jun 28 ’23. Company shares held by the Director now total 18,700.

Dividend

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 $3.85, resulting in a dividend yield of 4.88%, and it has a price to earnings (P/E) ratio of 14.26. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, OKE has a high of $80.81 and a low of $55.91.

As of this writing, OKE has an earnings estimate of $1.21 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.3 per share and a lower estimate of $1.12. The company reported an EPS of $0.99 in the last quarter, which was -5.70% lower than expectations of $1.05.

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 $28.27, while its Total Shareholder’s Equity was $6.02B.

Analysts Opinion

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 4.06.

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