Oneok Inc. (OKE) Stock Falls Amid Market Uptick: What Investors Need to Know

In the latest trading session, Oneok Inc. (OKE) closed at $99.34, marking a -1.3% move from the previous day. This change lagged the S&P 500's 0.08% gain on the day. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq increased by 0.52%.Shares of the natural gas company witnessed a gain of 2.05% over the previous month, beating the performance of the Oils-Energy sector with its loss of 1.36% and the S&P 500's loss of 7.33%.Investors will be eagerly watching for the performance of Oneok Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $1.31, up 20.18% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $7.35 billion, showing a 53.81% escalation compared to the year-ago quarter.For the full year, the Zacks Consensus Estimates are projecting earnings of $5.42 per share and revenue of $28.34 billion, which would represent changes of +4.84% and +30.63%, respectively, from the prior year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Oneok Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.97% downward. Right now, Oneok Inc. possesses a Zacks Rank of #4 (Sell).In terms of valuation, Oneok Inc. is currently trading at a Forward P/E ratio of 18.57. This expresses a premium compared to the average Forward P/E of 13.18 of its industry.We can also see that OKE currently has a PEG ratio of 4.23. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 1.16 based on yesterday's closing prices.The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 12, positioning it in the top 5% of all 250+ industries.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ONEOK, Inc. (OKE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks