In the latest trading session, Oneok Inc. (OKE) closed at $79.94, marking a -2.01% move from the previous day. This change lagged the S&P 500's 0.4% loss on the day. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq added 0.18%.
The natural gas company's shares have seen a decrease of 0.69% over the last month, not keeping up with the Oils-Energy sector's loss of 0.05% and the S&P 500's gain of 4.97%.
The upcoming earnings release of Oneok Inc. will be of great interest to investors. The company's earnings report is expected on August 4, 2025. The company is forecasted to report an EPS of $1.36, showcasing a 2.26% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.78 billion, up 38.46% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.35 per share and revenue of $28.92 billion, indicating changes of +3.48% and +33.3%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Oneok Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.04% higher. Oneok Inc. is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Oneok Inc. is presently being traded at a Forward P/E ratio of 15.24. This valuation marks a premium compared to its industry average Forward P/E of 11.79.
We can also see that OKE currently has a PEG ratio of 1.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.18 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 213, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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ONEOK, Inc. (OKE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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