ONEOK Inc (NYSE: OKE) has reported E.P.S. of $1.18 for its fourth fiscal quarter (ending December 31) versus $1.08 for the same period a year ago — an increase of 9%. Relative to the consensus estimate of $1.18, this was a shortfall of $-0.00. For the latest four quarters through December 31, E.P.S. were $5.49 compared to $3.85 a year ago — an increase of 43%.
Recent Price Action
ONEOK Inc (NYSE: OKE) stock declined slightly by -0.08% on 2/26/24. The stock closed at $72.91. Moreover, this decline was accompanied by above average trading volume at 124% of normal. The stock has risen 2.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OKE is expected to continue to be a major Value Builder.
ONEOK has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. ONEOK has a slightly negative Appreciation Score of 32 but a good Power Rating of 81, resulting in the Neutral Value Trend Rating.
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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