Stock To Watch: ONEOK, Inc. (NYSE:OKE)


The leading market experts have placed a mean price target of $42.00 on ONEOK, Inc. (NYSE:OKE) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.52 a share for the upcoming quarter and $1.78 for the current fiscal. Technical View The technical analysis of ONEOK, Inc. Common Stock plainly substantiates that the 50-day moving average of ONEOK, Inc. Common Stock is $46.26, and stock is hovering -1.35 or -2.92% distant from $46.26. It is noted that the 200-day MA is $35.47, and ONEOK, Inc. Common Stock stock is $9.44 or +26.62% off from this point. ONEOK, Inc. (NYSE:OKE) 52-week high is $49.09 and the 52-week low is $18.84. This explains if the stock moves $-4.18, it will post a 52-week high. In event of $+138.38% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of ONEOK, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, ONEOK, Inc. (NYSE:OKE) ratio came in at 34.15. The stock last ended the trading session at $44.91 and registered a market cap of $9.45B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. ONEOK, Inc. (NYSE:OKE) PEG ratio is at 2.63.

1 Chart Pattern Every Investor Should Know

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