Brokerages are optimistic as firm is putting up seen sustained improvement in return of equity through the years . Company future PE growth of 23.89 suggest possible rerating potential, in addition in next 12 months analyst estimate anticipate an boost in growth compared to current PE 32.7 .
ONEOK, Inc. price /earnings ratio over next calendar year is 23.89. ONEOK, Inc. stocks at 1.28 Beta shows lower association with the stock market index, as the security has less dependency on swings in the broader index .
With markets being out of sync , present PE 32.7 which is below than the estimated five years EPS 9.70% might indicate either poorer future opportunities or potentially a bargain..
ONEOK, Inc. current trade levels represent declines below -11.97% from the 52 week high , this is normal market volatility Traders need to look out for the stock’s recent moves very closely before getting too bullish on the stock as trade near 52W high..
Company continue to see low 2.50% ROA with operations being asset intensive. ONEOK, Inc. can boost liquidity position by quicker ARs and by utilizing Sweep Accounts, and ONEOK, Inc. liquidity falls to 1:0.4 Quick R.
Growth to earnings are likely to stay strong and continue at EPS 39.80% on nominal terms and judging by the last four Qs growth remains impressive farther down the road company is forecasted to move lower per share earnings at 26.06% in comparison to 2017 .
Company would find it hard to sustain current growth rates in future. In spite of its upbeat growth forecasts , assets trades on a PEG ratio of just 3.37 at the present time, and is also showing signs of significant upward rerating over the medium term .
As a value company , company fits the mold with a book value of 3.72. Pe ratio of 32.7 is supported by high interest of traders in Utilities sector , also present value of PE indicate a dim outlook , but it does not indicate a time frame to the trend nor does it say a time frame to expect a downtrend .
However this interpretation is heavily dependent on comparison and does not seem to be good bargain as price are 15.4x times more than the Utilities sector. Firm’s ability to pay off its short-term liabilities is not encouraging as current ratio is below 1 at 0.6.
Firm is now widely tracked as assets fall below -1.51% 200 Avg line and has lower deviation of monthly growth , so the company continues to give a negative outlook in the near- term indicating possible downside.
Supported by a string of factors, sector saw a change of -1.06 closing at 2968.90Supported by a up-down ratio of 0.70x, total MFI closed at $-398.90mn. Block trades acted as a tailwind, coming in at $-355.80mn and $187.42mn and $543.23mn of tick ups and tick downs respectively.
Company’s market capitalization , boosted by uptrend sales across its markets. With 47.99 RSI present price levels may not continue , and the price may be due for a rally .