Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for ONEOK Inc (NYSE: OKE) rose significantly recently. OKE’s current Value Trend Rating is A and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/1/24, ONEOK Inc (NYSE: OKE) stock rose slightly by 0.01%, closing at $75.13. However, this advance was accompanied by below average trading volume at 81% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
OKE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
ONEOK has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ONEOK has a good Power Rating of 78 and a good Appreciation Score of 82, with the Highest Value Trend Rating the result.
Be the first to comment