ONEOK Inc (NYSE: OKE) has reported E.P.S. of $1.09 for its first fiscal quarter (ending March 31) versus $2.34 for the same period a year ago — a decline of -53%. Relative to the consensus estimate of $1.39, this was a shortfall of $-0.30. E.P.S. were $4.30 for the latest four quarters through March 31 versus $5.31 for the same period a year ago — a decline of -19%.
Recent Price Action
On 4/30/24, ONEOK Inc (NYSE: OKE) stock declined by -2.8%, closing at $79.12. Moreover, above average trading volume at 141% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -1.0% 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 a major Value Builder.
ONEOK has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ONEOK has a neutral Appreciation Score of 44 but a good Power Rating of 75, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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