Within the newest buying and selling session, Oneok Inc. (OKE) closed at $90.24, marking a +1.22% transfer from the day gone by. This transformation outpaced the S&P 500’s 0.13% loss on the day. Elsewhere, the Dow noticed an upswing of 0.33%, whereas the tech-heavy Nasdaq depreciated by 0.39%.
The pure fuel firm’s shares have seen a lower of 1.11% over the past month, surpassing the Oils-Power sector’s lack of 4.69% and falling behind the S&P 500’s achieve of two.43%.
The upcoming earnings launch of Oneok Inc. can be of nice curiosity to traders. The corporate’s earnings report is anticipated on October 29, 2024. It’s anticipated that the corporate will report an EPS of $1.26, marking a 27.27% rise in comparison with the identical quarter of the earlier yr. On the similar time, our most up-to-date consensus estimate is projecting a income of $5.85 billion, reflecting a 39.75% rise from the equal quarter final yr.
For the annual interval, the Zacks Consensus Estimates anticipate earnings of $5.09 per share and a income of $21.94 billion, signifying shifts of -7.12% and +24.13%, respectively, from the final yr.
Buyers must also notice any latest modifications to analyst estimates for Oneok Inc. These revisions sometimes replicate the newest short-term enterprise traits, which might change steadily. With this in thoughts, we will think about constructive estimate revisions an indication of optimism concerning the firm’s enterprise outlook.
Our analysis demonstrates that these changes in estimates straight affiliate with imminent inventory worth efficiency. To make the most of this, we’ve created the Zacks Rank, a proprietary mannequin that integrates these estimate modifications and supplies a useful score system.
The Zacks Rank system, spanning from #1 (Robust Purchase) to #5 (Robust Promote), boasts a powerful observe file of outperformance, audited externally, with #1 ranked shares yielding a mean annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has shifted 0.32% upward. Presently, Oneok Inc. is carrying a Zacks Rank of #3 (Maintain).
Within the context of valuation, Oneok Inc. is at current buying and selling with a Ahead P/E ratio of 17.51. This denotes a premium relative to the business’s common Ahead P/E of 12.41.
One ought to additional notice that OKE at the moment holds a PEG ratio of 4.41. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes under consideration the inventory’s anticipated earnings progress price. Oil and Gasoline – Manufacturing Pipeline – MLB shares are, on common, holding a PEG ratio of 1.47 based mostly on yesterday’s closing costs.
The Oil and Gasoline – Manufacturing Pipeline – MLB business is a part of the Oils-Power sector. Presently, this business holds a Zacks Business Rank of 32, positioning it within the high 13% of all 250+ industries.
The Zacks Business Rank gauges the power of our particular person business teams by measuring the common Zacks Rank of the person shares inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You should definitely observe all of those stock-moving metrics, and plenty of extra, on Zacks.com.
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ONEOK, Inc. (OKE) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
