Group 1: Stock Performance - Oneok Inc. (OKE) closed at $73.10, reflecting a -1.07% change from the previous day, underperforming the S&P 500 which gained 0.26% [1] - Over the past month, Oneok's shares have decreased by 3.26%, while the Oils-Energy sector gained 4.06% and the S&P 500 increased by 2.87% [1] Group 2: Upcoming Earnings - Oneok Inc. is expected to report an EPS of $1.48, representing a 25.42% increase from the prior-year quarter [2] - The Zacks Consensus Estimate projects net sales of $9.31 billion, an 85.4% increase from the year-ago period [2] - For the annual period, anticipated earnings are $5.44 per share and revenue is projected at $35.71 billion, indicating increases of +5.22% and +64.58% respectively from last year [2] Group 3: Analyst Estimates and Rankings - Changes in analyst estimates for Oneok Inc. are important as they reflect short-term business dynamics, with positive revisions indicating optimism about the business outlook [3] - The Zacks Rank system, which incorporates estimate changes, currently ranks Oneok Inc. at 3 (Hold) after a 0.7% decrease in the consensus EPS estimate over the last 30 days [5] Group 4: Valuation Metrics - Oneok Inc. has a Forward P/E ratio of 13.58, which is a premium compared to the industry average Forward P/E of 12.41 [6] - The company has a PEG ratio of 1.81, higher than the industry average PEG ratio of 1.42 [7] Group 5: Industry Context - The Oil and Gas - Production Pipeline - MLB industry, which includes Oneok Inc., has a Zacks Industry Rank of 64, placing it in the top 26% of over 250 industries [8] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [8]
Oneok Inc. (OKE) Stock Slides as Market Rises: Facts to Know Before You Trade