For its third fiscal quarter (ending September 30), ONEOK Inc (NYSE: OKE) has reported a 19% increase in E.P.S. from $0.99 a year ago to $1.18 in the current quarter. E.P.S. were $4.79 for the latest four quarters through September 30 versus $5.45 for the same period a year ago — a decline of -12%.
Recent Price Action
On 10/29/24, ONEOK Inc (NYSE: OKE) stock declined slightly by -0.5%, closing at $95.55. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, OKE is expected to continue to be a major Value Builder.
ONEOK has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ONEOK has a slightly negative Appreciation Score of 40 but a very high Power Rating of 91, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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