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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/08/2024 11:20:00 EST
ONEOK Inc (OKE)
Industry: Oil & Gas Midstream
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, OKE has been trading in a range between $81.72 and $78.10 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
OKE is trading below resistance at $83.01, about 1% to the upside. There is support at $79.64 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
ONEOK Inc $OKE entered a Green zone 12 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $73.63, a potential down side of -10.48% from the recent price of 82.25. The stock is trading 1.29% (potential upside) below its 52 week high of $83.31 and 41.47 % (potential downside) above its 52 week low of $58.14 - based on the recent price.
Company Summary
ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.
News
| Energy Stocks: Winners And Losers At The Beginning Of H2 2024 The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices. Source: Seeking Alpha Thu, 04 Jul 2024 07:32:20 -0400 Sentiment: Negative |
| Oneok Checks All The Boxes For Income Investors Oneok has been paying dividends stretching back to 1972, and the stock currently yields 4.8%. Source: Investors Business Daily Tue, 02 Jul 2024 16:16:02 -0400 Sentiment: Positive |
| I'm Buying Up To 11% Yield For Recurring Income While the market is focused on a handful of tech stocks, I'm seeing opportunities in value stocks with high dividend yields. Kinder Morgan, a midstream energy giant, has stable cash flows, and strong shareholder returns, and is well-positioned to meet growing U.S. energy demand. Golub Capital BDC offers a high dividend yield, conservative portfolio management, and potential for market-beating returns along with NAV growth. Source: Seeking Alpha Tue, 02 Jul 2024 10:00:00 -0400 Sentiment: Positive |
| Oneok Inc. (OKE) Increases Despite Market Slip: Here's What You Need to Know Oneok Inc. (OKE) reachead $81.55 at the closing of the latest trading day, reflecting a +0.99% change compared to its last close. Source: Zacks Investment Research Fri, 28 Jun 2024 19:20:40 -0400 Sentiment: Negative |
| Magellan Midstream's 2023 Schedule K-3 Now Available TULSA, Okla. , June 18, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that the 2023 Schedule K-3s for Magellan Midstream Partners, L.P. Source: PRNewsWire Tue, 18 Jun 2024 16:15:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 83.31 52 Week Low: 58.1435 Beta: 1.619 50 Day MA: 80.3062 200 Day MA: 73.1368 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.534 Qtr Revenue Growth YOY: 0.058 Forward PE: 16.1551 Trailing PE: 19.4444