Oneok Inc.’s recent filing unveils that its Director Smith Wayne Thomas acquired Company’s shares for reported $0.2 million on Mar 01 ’24. In the deal valued at $75.25 per share,2,700 shares were bought. As a result of this transaction, Smith Wayne Thomas now holds 2,700 shares worth roughly $0.22 million.
Then, RODRIGUEZ EDUARDO A sold 800 shares, generating $56,230 in total proceeds. Upon selling the shares at $70.29, the Director now owns 25,154 shares.
Before that, NORTON PIERCE bought 24,607 shares. Oneok Inc. shares valued at $1,500,018 were divested by the President & CEO at a price of $60.96 per share. As a result of the transaction, NORTON PIERCE now holds 42,017 shares, worth roughly $3.35 million.
Seaport Research Partners upgraded its Oneok Inc. [OKE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “a Peer perform”. BofA Securities also remained covering OKE and has increased its forecast on December 04, 2023 with a “Buy” recommendation from previously “Neutral” rating. Truist revised its rating on November 02, 2023. It rated OKE as “a Hold” which previously was an “a Buy”.
Price Performance Review of OKE
On Friday, Oneok Inc. [NYSE:OKE] saw its stock jump 0.54% to $79.65. Over the last five days, the stock has lost -0.65%. Oneok Inc. shares have risen nearly 13.43% since the year began. Nevertheless, the stocks have risen 22.46% over the past one year. While a 52-week high of $80.81 was reached on 04/04/24, a 52-week low of $55.91 was recorded on 02/05/24. SMA at 50 days reached $74.52, while 200 days put it at $68.32. A total of 1.98 million shares were traded, compared to the trading of 3.1 million shares in the previous session.
Levels Of Support And Resistance For OKE Stock
The 24-hour chart illustrates a support level at 78.94, which if violated will result in even more drops to 78.24. On the upside, there is a resistance level at 80.07. A further resistance level may holdings at 80.49. The Relative Strength Index (RSI) on the 14-day chart is 64.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.97%. Stochastics %K at 73.82% indicates the stock is a holding.
How much short interest is there in Oneok Inc.?
A steep rise in short interest was recorded in Oneok Inc. stocks on Mar 15, 2024, growing by 0.37 million shares to a total of 11.83 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 11.46 million shares. There was a rise of 3.13%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.47% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.42.
The most recent change occurred on October 03, 2023 when Pickering Energy Partners began covering the stock and recommended ‘”an Underperform”‘ rating .
