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Wolfe Research gives an Outperform recommendation for Oneok Inc (OKE)

Oneok Inc’s recently made public that its Officer Arenivas Jesse acquired Company’s shares for reported $5.21 million on Feb 14 ’25. In the deal valued at $98.72 per share,52,784 shares were bought.

Then, McKenzie Mark A bought 3,800 shares, generating $382,660 in total proceeds.

Before that, King Tim T. bought 507 shares. Oneok Inc shares valued at $54,913 were divested by the Officer at a price of $108.31 per share.

Wolfe Research upgraded its Oneok Inc [OKE] rating to an Outperform from a a Peer perform in a research note published recently. Scotiabank began covering OKE with “Sector outperform” recommendation on January 10, 2025. Wells Fargo revised its rating on December 18, 2024. It rated OKE as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of OKE

On Tuesday, Oneok Inc [NYSE:OKE] saw its stock fall -2.40% to $95.77. Over the last five days, the stock has lost -2.91%. Oneok Inc shares have fallen nearly -4.61% since the year began. Nevertheless, the stocks have risen 29.91% over the past one year. While a 52-week high of $118.07 was reached on 01/21/25, a 52-week low of $72.44 was recorded on 02/25/25. SMA at 50 days reached $101.10, while 200 days put it at $93.23.

Levels Of Support And Resistance For OKE Stock

The 24-hour chart illustrates a support level at 92.46, which if violated will result in even more drops to 89.15. On the upside, there is a resistance level at 98.98. A further resistance level may holdings at 102.19. The Relative Strength Index (RSI) on the 14-day chart is 37.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.67%. Stochastics %K at 57.36% indicates the stock is a holding.

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