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) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
Oneok Inc. (OKE - Free Report) closed the most recent trading day at $83.47, moving +2.03% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Coming into today, shares of the natural gas company had gained 0.22% in the past month. In that same time, the Oils-Energy sector gained 3.2%, while the S&P 500 gained 3.64%.
Investors will be eagerly watching for the performance of Oneok Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 4, 2025. On that day, Oneok Inc. is projected to report earnings of $1.35 per share, which would represent year-over-year growth of 1.5%. In the meantime, our current consensus estimate forecasts the revenue to be $8.56 billion, indicating a 75% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.49 per share and revenue of $34.86 billion, which would represent changes of +6.19% and +60.64%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Oneok Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.55% higher within the past month. Oneok Inc. is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Oneok Inc. is presently being traded at a Forward P/E ratio of 14.91. This denotes a premium relative to the industry average Forward P/E of 12.58.
Also, we should mention that OKE has a PEG ratio of 1.94. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Production Pipeline - MLB industry held an average PEG ratio of 1.4.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 219, finds itself in the bottom 12% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Oneok Inc. (OKE) Ascends While Market Falls: Some Facts to Note
Oneok Inc. (OKE - Free Report) closed the most recent trading day at $83.47, moving +2.03% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Coming into today, shares of the natural gas company had gained 0.22% in the past month. In that same time, the Oils-Energy sector gained 3.2%, while the S&P 500 gained 3.64%.
Investors will be eagerly watching for the performance of Oneok Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 4, 2025. On that day, Oneok Inc. is projected to report earnings of $1.35 per share, which would represent year-over-year growth of 1.5%. In the meantime, our current consensus estimate forecasts the revenue to be $8.56 billion, indicating a 75% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.49 per share and revenue of $34.86 billion, which would represent changes of +6.19% and +60.64%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Oneok Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.55% higher within the past month. Oneok Inc. is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Oneok Inc. is presently being traded at a Forward P/E ratio of 14.91. This denotes a premium relative to the industry average Forward P/E of 12.58.
Also, we should mention that OKE has a PEG ratio of 1.94. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Production Pipeline - MLB industry held an average PEG ratio of 1.4.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 219, finds itself in the bottom 12% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.