Stock Rating Upgrade
The Value Trend Rating for ONEOK Inc (NYSE: OKE) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/29/24, ONEOK Inc (NYSE: OKE) stock rose modestly by 0.9%, closing at $113.60. However, this advance was accompanied by unusually low trading volume at 58% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
ONEOK has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. 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 39 but a very high Power Rating of 93, with the Positive Value Trend Rating the result.
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