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Why the Market Dipped But Oneok Inc. (OKE) Gained Today
OKEONEOK(OKE) ZACKS·2025-03-13 23:20

Company Overview - Oneok Inc. (OKE) closed at $93.50, showing a +0.57% change from the previous day's closing price, outperforming the S&P 500 which fell by 0.91% [1] - Over the past month, Oneok's shares have decreased by 4.76%, which is a smaller decline compared to the Oils-Energy sector's loss of 4.23% and the S&P 500's loss of 7.38% [2] Earnings Expectations - The upcoming earnings release is anticipated to show an EPS of $1.33, reflecting a 22.02% increase from the same quarter last year, with revenue expected to reach $7.35 billion, indicating a 53.81% growth year-over-year [3] - For the entire fiscal year, earnings are projected at $5.50 per share and revenue at $28.34 billion, representing increases of +6.38% and +30.63% respectively from the previous year [4] Analyst Sentiment - Recent shifts in analyst projections for Oneok Inc. should be monitored, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [5] - The Zacks Rank system, which evaluates estimate changes, currently ranks Oneok Inc. at 3 (Hold), with a consensus EPS projection that has decreased by 9.91% in the last 30 days [7] Valuation Metrics - Oneok Inc. is trading with a Forward P/E ratio of 16.9, which is a premium compared to the industry average Forward P/E of 12.62 [8] - The company has a PEG ratio of 3.85, significantly higher than the industry average PEG ratio of 1.12 [8] Industry Context - Oneok operates within the Oil and Gas - Production Pipeline - MLB industry, which is part of the Oils-Energy sector and holds a Zacks Industry Rank of 9, placing it in the top 4% of over 250 industries [9]