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Why the Market Dipped But Oneok Inc. (OKE) Gained Today
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Oneok Inc. (OKE - Free Report) closed at $95.83 in the latest trading session, marking a +2.06% move from the prior day. This change outpaced the S&P 500's 0.52% loss on the day. Meanwhile, the Dow experienced a drop of 1.24%, and the technology-dominated Nasdaq saw a decrease of 0.21%.
Prior to today's trading, shares of the natural gas company had gained 2.98% lagged the Oils-Energy sector's gain of 5.63% and outpaced the S&P 500's loss of 1.21%.
The upcoming earnings release of Oneok Inc. will be of great interest to investors. The company's earnings report is expected on October 27, 2026. On that day, Oneok Inc. is projected to report earnings of $1.46 per share, which would represent a year-over-year decline of 2.01%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.77 billion, up 36.34% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.69 per share and a revenue of $43.84 billion, indicating changes of +4.98% and +30.36%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Oneok Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.57% lower. Oneok Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Oneok Inc. currently has a Forward P/E ratio of 16.5. This denotes a premium relative to the industry average Forward P/E of 14.7.
We can additionally observe that OKE currently boasts a PEG ratio of 1.88. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.59 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 27, finds itself in the top 11% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Why the Market Dipped But Oneok Inc. (OKE) Gained Today
Oneok Inc. (OKE - Free Report) closed at $95.83 in the latest trading session, marking a +2.06% move from the prior day. This change outpaced the S&P 500's 0.52% loss on the day. Meanwhile, the Dow experienced a drop of 1.24%, and the technology-dominated Nasdaq saw a decrease of 0.21%.
Prior to today's trading, shares of the natural gas company had gained 2.98% lagged the Oils-Energy sector's gain of 5.63% and outpaced the S&P 500's loss of 1.21%.
The upcoming earnings release of Oneok Inc. will be of great interest to investors. The company's earnings report is expected on October 27, 2026. On that day, Oneok Inc. is projected to report earnings of $1.46 per share, which would represent a year-over-year decline of 2.01%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.77 billion, up 36.34% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.69 per share and a revenue of $43.84 billion, indicating changes of +4.98% and +30.36%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Oneok Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.57% lower. Oneok Inc. is currently a Zacks Rank #3 (Hold).
Digging into valuation, Oneok Inc. currently has a Forward P/E ratio of 16.5. This denotes a premium relative to the industry average Forward P/E of 14.7.
We can additionally observe that OKE currently boasts a PEG ratio of 1.88. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.59 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 27, finds itself in the top 11% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.