We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Oneok Inc. (OKE) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Oneok Inc. (OKE - Free Report) closed the latest trading day at $98.63, indicating a -0.57% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.43%. At the same time, the Dow lost 1.01%, and the tech-heavy Nasdaq lost 0.47%.
Shares of the natural gas company have depreciated by 6.68% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.14% and the S&P 500's gain of 2.6%.
Analysts and investors alike will be keeping a close eye on the performance of Oneok Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on February 24, 2025. In that report, analysts expect Oneok Inc. to post earnings of $1.45 per share. This would mark year-over-year growth of 22.88%. Meanwhile, our latest consensus estimate is calling for revenue of $6.56 billion, up 25.24% from the prior-year quarter.
Any recent changes to analyst estimates for Oneok Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1% downward. Currently, Oneok Inc. is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Oneok Inc. is presently being traded at a Forward P/E ratio of 16.66. For comparison, its industry has an average Forward P/E of 13.8, which means Oneok Inc. is trading at a premium to the group.
It is also worth noting that OKE currently has a PEG ratio of 3.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.34 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Oneok Inc. (OKE) Registers a Bigger Fall Than the Market: Important Facts to Note
Oneok Inc. (OKE - Free Report) closed the latest trading day at $98.63, indicating a -0.57% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.43%. At the same time, the Dow lost 1.01%, and the tech-heavy Nasdaq lost 0.47%.
Shares of the natural gas company have depreciated by 6.68% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.14% and the S&P 500's gain of 2.6%.
Analysts and investors alike will be keeping a close eye on the performance of Oneok Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on February 24, 2025. In that report, analysts expect Oneok Inc. to post earnings of $1.45 per share. This would mark year-over-year growth of 22.88%. Meanwhile, our latest consensus estimate is calling for revenue of $6.56 billion, up 25.24% from the prior-year quarter.
Any recent changes to analyst estimates for Oneok Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1% downward. Currently, Oneok Inc. is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Oneok Inc. is presently being traded at a Forward P/E ratio of 16.66. For comparison, its industry has an average Forward P/E of 13.8, which means Oneok Inc. is trading at a premium to the group.
It is also worth noting that OKE currently has a PEG ratio of 3.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.34 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.