ONEOK Inc. (NYSE:OKE) Undervalued? Fundamentals Hard To Beat?

ONEOK Inc. (NYSE:OKE) shares fell to a low of $48.42 before closing at $48.64. Intraday shares traded counted 3.11 million, which was 0.13% higher than its 30-day average trading volume of 3.11M. OKE’s previous close was $49.54 while the outstanding shares total 445.31M. The firm has a beta of 1.93, a 12-month trailing P/E ratio of 35.61. The stock’s Relative Strength Index (RSI) is 62.96, with weekly volatility at 4.57% and ATR at 1.92. The OKE stock’s 52-week price range has touched low of $12.16 and a $51.22 high. The stock traded lower over the last trading session, losing -1.82% on 03/09/21.

Investors have identified the Oil & Gas Midstream company ONEOK Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $21.07 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

ONEOK Inc. (OKE) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OKE, the company has in raw cash 524.5 million on their books with 7.65 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.87 billion total, with 1.34 billion as their total liabilities.

Having a look at the company’s valuation, the company is expected to record 3.15 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OKE sounds very interesting.

Is the stock of OKE attractive?

In related news, Director, DERKSEN BRIAN L bought 8,700 shares of the company’s stock in a transaction that recorded on Mar 25. The purchase was performed at an average price of 22.70, for a total value of 197,527. As the purchase deal closes, the VP & CHIEF ACCOUNTING OFFICER, SPEARS MARY M now bought 2,000 shares of the company’s stock, valued at 42,770. Also, Director, HELDERMAN MARK W bought 30,000 shares of the company’s stock in a deal that was recorded on Mar 18. The shares were cost at an average price of 13.06 per share, with a total market value of 391,788. Following this completion of disposal, the PRESIDENT & CEO, SPENCER TERRY K now holds 32,806 shares of the company’s stock, valued at 491,717. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.

4 out of 23 analysts covering the stock have rated it a Buy, while 15 have maintained a Hold recommendation on ONEOK Inc.. 2 analysts has assigned a Sell rating on the OKE stock. The 12-month mean consensus price target for the company’s shares has been set at $44.85.

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