ONEOK, Inc.’s Stock Price Plummets to $80.86, Marking a Sharp 12.77% Decline

ONEOK, Inc. (OKE)

80.86 USD -11.84 (-12.77%) Volume: 11.05M

ONEOK, Inc.’s stock price stands at 80.86 USD, witnessing a significant drop of 12.77% this trading session with a trading volume of 11.05M, reflecting a year-to-date decrease of 19.46%, revealing its volatile market performance.

Latest developments on ONEOK, Inc.

ONEOK Inc. stock experienced underperformance compared to competitors on Friday, amidst various significant events. Short interest in NYSE:OKE dropped by 13.7%, while investors eagerly awaited the 1Q earnings report scheduled for late April. Summit Securities Group LLC acquired a new position in ONEOK, Inc., while ClearBridge Investments Ltd invested $177.05 million in the company. Additionally, Mizuho adjusted ONEOK’s price target to $107 from $108, maintaining a neutral rating. The stock price movements were influenced by the impact of tariffs on the midstream sector and fluctuations in crude oil prices. Despite the market fluctuations, investors like Nomura Asset Management Co. Ltd. and DnB Asset Management AS continued to show confidence in ONEOK, Inc. by increasing their positions.

ONEOK, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Oneok Inc‘s strategic and financial developments, as highlighted in their recent research reports. In their analysis titled “Will Oneok’s Mexico LNG Move Transform Their Future?”, the analysts point out the company’s higher earnings in Q4 2024, driven by strategic acquisitions and volume growth. They are optimistic about ONEOK’s financial prospects for 2025, expecting earnings growth from expanded operations and infrastructure projects.

In another report by Baptista Research titled “ONEOK Inc.: Expanding Pipeline Infrastructure”, the analysts delve into the company’s operational successes and strategic acquisitions showcased in their Third Quarter 2024 Earnings report. Despite facing challenges, ONEOK’s diversified energy assets have contributed to a robust financial performance, reflecting its resilience in the energy market. Baptista Research aims to assess the factors influencing the company’s stock price and conduct an independent valuation using a Discounted Cash Flow methodology.

A look at ONEOK, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Oneok Inc, a diversified energy company in the United States, has received varying Smart Scores across different factors. While the company excels in dividend and momentum scores, indicating a strong payout to shareholders and positive market performance, it falls short in resilience and value scores. This suggests that Oneok Inc may face challenges in adapting to unforeseen circumstances and may not be considered undervalued in the market.

Looking ahead, the long-term outlook for Oneok Inc seems promising in terms of dividends and momentum, but there may be room for improvement in areas such as resilience and value. With a balanced approach to addressing these factors, the company could potentially strengthen its position in the natural gas and natural gas liquids business, providing better returns for investors in the future.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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