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Oneok Inc. (OKE) Beats Stock Market Upswing: What Investors Need to Know
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Oneok Inc. (OKE - Free Report) closed the most recent trading day at $85.21, moving +1.32% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.36%.
The natural gas company's shares have seen a decrease of 2.42% over the last month, not keeping up with the Oils-Energy sector's gain of 0.04% and the S&P 500's gain of 5.98%.
Market participants will be closely following the financial results of Oneok Inc. in its upcoming release. The company plans to announce its earnings on April 28, 2026. On that day, Oneok Inc. is projected to report earnings of $1.3 per share, which would represent year-over-year growth of 25%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.52 billion, indicating a 18.33% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $5.54 per share and a revenue of $39.8 billion, demonstrating changes of +2.21% and +18.34%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Oneok Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.75% higher. Right now, Oneok Inc. possesses a Zacks Rank of #3 (Hold).
Investors should also note Oneok Inc.'s current valuation metrics, including its Forward P/E ratio of 15.17. For comparison, its industry has an average Forward P/E of 12.65, which means Oneok Inc. is trading at a premium to the group.
We can also see that OKE currently has a PEG ratio of 6.35. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.43.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 196, this industry ranks in the bottom 20% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Oneok Inc. (OKE) Beats Stock Market Upswing: What Investors Need to Know
Oneok Inc. (OKE - Free Report) closed the most recent trading day at $85.21, moving +1.32% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.36%.
The natural gas company's shares have seen a decrease of 2.42% over the last month, not keeping up with the Oils-Energy sector's gain of 0.04% and the S&P 500's gain of 5.98%.
Market participants will be closely following the financial results of Oneok Inc. in its upcoming release. The company plans to announce its earnings on April 28, 2026. On that day, Oneok Inc. is projected to report earnings of $1.3 per share, which would represent year-over-year growth of 25%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.52 billion, indicating a 18.33% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $5.54 per share and a revenue of $39.8 billion, demonstrating changes of +2.21% and +18.34%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Oneok Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.75% higher. Right now, Oneok Inc. possesses a Zacks Rank of #3 (Hold).
Investors should also note Oneok Inc.'s current valuation metrics, including its Forward P/E ratio of 15.17. For comparison, its industry has an average Forward P/E of 12.65, which means Oneok Inc. is trading at a premium to the group.
We can also see that OKE currently has a PEG ratio of 6.35. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.43.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 196, this industry ranks in the bottom 20% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.