ONEOK Story

<div class='circular--portrait' style='background:#008000;color: #f8f8f8;font-size:3em;'>OKE</div>
OKE -- USA Stock  

USD 26.44  1.10  3.99%

The predictive indicators we use to evaluate ONEOK help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ONEOK Inc. We apply different methods to arrive at the intrinsic value of ONEOK based on widely used predictive technical indicators. Let's try to digest what's happening with ONEOK amid unprecedented political, and economic uncertainty.
Published over a month ago
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Chances of ONEOK (NYSE:OKE) to dip in August.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. ONEOK has an asset utilization ratio of 61.63 percent. This indicates that the company is making $0.62 for each dollar of assets. An increasing asset utilization means that ONEOK Inc is more efficient with each dollar of assets it utilizes for everyday operations. Earning per share calculations of the firm is based on official Zacks consensus of 5 analysts regarding ONEOK's future annual earnings. Given the historical accuracy of 96.67%, the future earnings per share of the company is estimated to be 2.366 with the lowest and highest values of 1.29 and 2.87, respectively. Please note that this consensus of annual earnings estimates for ONEOK Inc is an estimate of EPS before non-recurring items and including employee stock options expenses.
The successful prediction of ONEOK stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as ONEOK Inc, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of ONEOK based on ONEOK hews, social hype, general headline patterns, and widely used predictive technical indicators. We also calculate exposure to ONEOK's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to ONEOK's related companies.

Use Technical Analysis to project ONEOK expected Price

ONEOK technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of ONEOK technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ONEOK trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for ONEOK, but it might be worth checking our own buy vs. sell analysis

A Deeper Perspective On ONEOK

The small decline in market price for the last few months may encourage shareholders to take a closer look at the company as it closed today at a share price of 27.8 on 6,858,037 in trading volume. The company executives did not add much value to ONEOK investors in June. However, diversifying your holdings with ONEOK Inc or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 30 days investing horizon is currently 4.91. This high volatility is attributed to the latest market swings and not so good earnings reports for some of the ONEOK partners.

Cost of Revenue Breakdown

ONEOK Cost of Revenue is decreasing over the years with slightly volatile fluctuation. Ongoing Cost of Revenue is projected to grow to about 7.4 B this year. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. ONEOK Cost of Revenue is projected to decrease significantly based on the last few years of reporting. The past year's Cost of Revenue was at 6.91 Billion
2013
2014
2015
2016
2017
2018
2019
2020
201310.28 Billion
201410.16 Billion
20155.73 Billion
20166.58 Billion
20179.64 Billion
20189.53 Billion
20196.91 Billion
20207.45 Billion

Will ONEOK pull back in August 2020?

The mean deviation is down to 3.86 as of today. As of the 28th of July, ONEOK holds the Semi Deviation of 5.23, mean deviation of 3.86, and Risk Adjusted Performance of 0.0749. Concerning fundamental indicators, the technical analysis model allows you to check practical technical drivers of ONEOK, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for ONEOK Inc, which can be compared to its competitors. Please check ONEOK Inc variance, as well as the relationship between the maximum drawdown and semi variance to decide if ONEOK Inc is priced more or less accurately, providing market reflects its current price of 28.06 per share. Given that ONEOK has jensen alpha of 0.1345, we recommend you to check out ONEOK Inc's recent market performance to make sure the company can sustain itself at some point in the future.

Although some firms under the oil & gas midstream industry are still a bit expensive, ONEOK may offer a potential longer-term growth to shareholders. The inconsistency in the assessment between current ONEOK valuation and our trade advice on ONEOK is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to ONEOK.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of ONEOK Inc. Please refer to our Terms of Use for any information regarding our disclosure principles.

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