Oneok Inc. (OKE) ended the recent trading session at $90.65, demonstrating a -1.44% change from the preceding day's closing price. This change lagged the S&P 500's 0.33% gain on the day. Meanwhile, the Dow gained 1.08%, and the Nasdaq, a tech-heavy index, added 0.08%.
The natural gas company's shares have seen a decrease of 0.79% over the last month, not keeping up with the Oils-Energy sector's gain of 5.67% and the S&P 500's gain of 1.41%.
Investors will be eagerly watching for the performance of Oneok Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 27, 2026. The company is forecasted to report an EPS of $1.46, showcasing a 2.01% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $11.77 billion, indicating a 36.34% upward movement from the same quarter last year.
OKE's full-year Zacks Consensus Estimates are calling for earnings of $5.69 per share and revenue of $43.83 billion. These results would represent year-over-year changes of +4.98% and +30.34%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Oneok Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.22% lower. As of now, Oneok Inc. holds a Zacks Rank of #3 (Hold).
In terms of valuation, Oneok Inc. is presently being traded at a Forward P/E ratio of 16.17. This indicates a premium in contrast to its industry's Forward P/E of 14.54.
It's also important to note that OKE currently trades at a PEG ratio of 2.63. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 2.63 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow OKE in the coming trading sessions, be sure to utilize Zacks.com.
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ONEOK, Inc. (OKE): Free Stock Analysis Report
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