Oneok (OKE) Stock Forecast and Price Target

ONEOK, Inc. collects, processes, fractionates, transports, stores, and markets natural gas. Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines are its business segments. Midstream services are provided by the Natural Gas Gathering and Processing division to producers in North Dakota, Montana, Wyoming, Kansas, and Oklahoma.

The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat, distribute, and store NGLs and NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico, and the Rocky Mountain region, which includes the Williston, Powder River, and DJ Basins, where it provides midstream services to NGL producers and delivers those products to two primary market centers, one in the Mid-Continent in Conway, Kansas, and the other in the Gulf Coast in M. The Natural Gas Pipelines segment supplies end consumers with transportation and storage services. The firm was formed in 1906 and is based in Tulsa, Oklahoma.

Prices

The closing stock price of ONEOK, Inc. is 64.09, with a total market cap of 28.69 billion (44 million shares outstanding). ONEOK, Inc. trades under the symbol OKE on the New York Stock Exchange. The price of ONEOK, Inc. has risen -1.70% in the last 24 hours. The stock price prediction for OneOK, Inc. is now positive.  Therailing twelve-month dividend rate for ONEOK, Inc. is $3.68 per share, with a dividend yield of 0.05%.

REWARDS:

• The price-to-earnings ratio (11.8x) is lower than that of the US market (16.1x).
• Revenue is expected to rise at a rate of 10.29% every year.
• Earnings increased by 54.4% in the last year.
• Pays a high and consistent dividend of 5.95%

Operating cash flow was $3.65 billion in the previous year, while capital expenditures were -$1.24 billion, for a free cash flow of $2.41 billion. The corporation has a cash position of $106.00 million and a debt position of $12.82 billion, for a net cash position of -$12.71 billion, or -$28.39 per share.

 ONEOK had $19.20 billion in revenue and $2.43 billion in earnings in the previous year. The earnings per share were $5.42. ONEOK has 447.67 million outstanding shares. In one year, the number of shares grew by 0.18%. The most recent short interest is 12.35 million shares, implying that 2.76% of the outstanding shares have been sold short. In the previous 52 weeks, the stock price has climbed by +8.34%.

Analysis

 The share price saw a significant climb between October and December 2022, followed by consolidation and a dramatic decrease in March 2023. Interestingly, the ONEOK stock price resisted predicted movements after quarterly earnings in November and March 2023, respectively. While shares gained in the previous month with negative returns, they fell in the following month.

Fib retracements suggest the price is climbing against a support level of $62.50, with a possible comeback near $64.20. The ease of movement (EOM) indicator is neutral, but the true strength index (TSI) is below the signal line, indicating a deteriorating trend. Furthermore, Aroon Down has a 57.14% lead over Aroon Up, indicating a possible downturn.

On the Daily Chart:

• The Moving Averages Convergence Divergence (MACD) indicator for Oneok Inc. (OKE) is 1.27, indicating that Oneok Inc. is a Buy.
• The 20-Day exponential moving average of Oneok Inc. (OKE) is 64.74, while the share price of Oneok Inc. (OKE) is $64.15, making it a Buy.
• The 50-Day exponential moving average of Oneok Inc. (OKE) is 62.88, and the share price of Oneok Inc. (OKE) is $64.15, making it a Buy.

On the Weekly Chart:

• The Moving Averages Convergence Divergence (MACD) indicator for Oneok Inc. (OKE) is 0.70, indicating that Oneok Inc. is a Sell.
• The 20-Day exponential moving average of Oneok Inc. (OKE) is 62.33, and the share price of Oneok Inc. (OKE) is $64.15, making it a Buy.
• The 50-day exponential moving average for Oneok Inc. (OKE) is 60.89, and the share price is $64.15, making it a Buy.

Indicators:

• The Relative Strength Index (RSI) for Oneok Inc. (OKE) is 54.98, indicating a Neutral signal.
• The Trend Strength Indicator (ADX) for Oneok Inc. (OKE) is 16.59, indicating a Buy signal.
• The Commodity Channel Index (CCI) for Oneok Inc. (OKE) is 58.54, indicating a Neutral signal.
• The Price Rate of Change (ROC) for Oneok Inc. (OKE) is -0.51, indicating a Sell signal.

Prediction

 According to our current OKE stock projection, the value of ONEOK shares will fall by -3.11% by August 14, 2023, reaching $62.10 per share. Our technical indicators indicate that the current attitude is Neutral, with the Fear and Greed Index reading 39 (Fear). OKE stock had 20/30 (67%) green days with 3.68% price volatility in the previous 30 days. According to our ONEOK stock forecast, it’s presently a terrible time to purchase OKE stock because it’s trading 3.21% higher than we predicted.

ONEOK Stock Forecast 2025

The ONEOK stock forecast for 2025 is now $84.20, assuming that ONEOK shares will continue to increase at the same average annual rate as in the previous ten years. The OKE stock price would rise by 31.38% as a result.

ONEOK Stock Forecast for 2030

If the ONEOK stock continues to increase at its current 10-year average pace, it will be worth $166.58 in 2030. If our ONEOK stock forecast for 2030 comes true, OKE stock will increase by 159.91% from its present price.