Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate ONEOK Inc before investing.

In this article, we go over a few key elements for understanding ONEOK Inc’s stock price such as:

• ONEOK Inc’s current stock price and volume
• Why ONEOK Inc’s stock price changed recently
• Upgrades and downgrades for OKE from analysts
• OKE’s stock price momentum as measured by its relative strength

About ONEOK Inc (OKE)

Before we jump into ONEOK Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Oneok, Inc. is a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services. Its segments include Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines, and Refined Products and Crude. The Natural Gas Gathering and Processing segment provides midstream services to producers in North Dakota, Montana, Wyoming, Kansas, and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs) and store Purity NGLs, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins. The Natural Gas Pipelines segment transports and stores natural gas. The Refined Products and Crude segment transports, stores and distributes refined Products and crude oil, as well as conducts certain commodity-related activities including liquids blending and marketing activities.

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ONEOK Inc’s Stock Price as of Market Close

As of September 26, 2024, 4:00 PM, CST, ONEOK Inc’s stock price was $89.15.

ONEOK Inc is down 5.85% from its previous closing price of $94.69.

During the last market session, ONEOK Inc’s stock traded between $94.21 and $95.66. Currently, there are 584.60 million shares of ONEOK Inc stock available for purchase.

ONEOK Inc’s price-earnings (P/E) ratio is currently at 20.6, which is high compared to the Oil & Gas - Transportation Services industry median of 13.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

ONEOK Inc Stock Price History

ONEOK Inc’s (OKE) price is currently down 3.48% so far this month.

During the month of September, ONEOK Inc’s stock price has reached a high of $96.05 and a low of $88.83.

Over the last year, ONEOK Inc has hit prices as high as $96.05 and as low as $60.58. Year to date, ONEOK Inc’s stock is up 35.69%.

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What Caused ONEOK Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 25, 2024, there were 4 analysts who downgraded ONEOK Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate ONEOK Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on ONEOK Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

ONEOK Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about ONEOK Inc (OKE) by visiting AAII Stock Evaluator.

Relative Price Strength of ONEOK Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 25, 2024, ONEOK Inc has a weighted four-quarter relative price strength of 4.50%, which translates to a Momentum Score of 76 and is considered to be Strong.

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ONEOK Inc Stock Price: Bottom Line

As of September 26, 2024, ONEOK Inc’s stock price is $89.15, which is down 5.85% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like ONEOK Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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