$OKE demonstrates solid long-term technical strength Technical Analysis
As of February 28, 2025, ONEOK Inc. (NYSE: OKE) is trading at $100.39. The stock has shown a bullish trend in the long term, while the short-term trend appears bearish. Key support levels are identified at $95.81 and $93.97, with resistance around $102.90.
The Relative Strength (RS) Rating has improved to 73, indicating enhanced price performance, though it remains below the ideal score of 80 or higher.
TradingView's technical analysis currently rates the stock as a 'sell,' noting that market conditions can change, as evidenced by a 'buy' trend over the past week and a 'strong buy' signal over the past month.
Fundamental Analysis
ONEOK Inc. operates in the Oil & Gas Operations industry with a market capitalization of approximately $63.21 billion. The company has a Price-to-Earnings (P/E) ratio of 20.4, Price-to-Sales (P/S) ratio of 3.2, and Price-to-Book (P/B) ratio of 3.4. The dividend yield stands at 4.02%.
Recent financial guidance for 2025 estimates net income attributable to ONEOK between $3.11 billion and $3.61 billion, with diluted earnings per share ranging from $4.97 to $5.77.
Analysts have set a 12-month average price target of $95.75, with estimates ranging between $83.00 and $111.00.
Validea's analysis, based on the Peter Lynch strategy, assigns ONEOK an 88% rating, reflecting strong fundamentals and valuation.
In summary, ONEOK Inc. demonstrates solid long-term technical strength and robust fundamental metrics. Investors should monitor short-term technical indicators and market conditions when considering investment decisions.
