ONEOK Inc. ($OKE) Stock Forecast: Down 5.4% Today

What is ONEOK Inc.?

Oneok Inc. (OKE) is a leading midstream service provider in the United States, specializing in the gathering, processing, storage, and transportation of natural gas.

Why is ONEOK Inc. going down?

OKE stock is down 5.4% on Apr 3, 2025 15:27

• The comparison between EPD and OKE might have sparked investor interest in evaluating OKE's value proposition, potentially leading to profit-taking.
• The slight -0.2% movement in OKE's stock price could indicate a minor correction or profit-taking after a period of growth.
• Investors may have reevaluated their positions in OKE based on the recent market conditions or industry-specific news, leading to the bearish movement.
• Overall, the bearish movement in OKE's stock price could be a result of profit-taking, market corrections, or investor sentiment influenced by the comparison with EPD.

OKE Price Chart

OKE Technical Analysis

OKE News

EPD or OKE: Which Is the Better Value Stock Right Now?

EPD vs. OKE: Which Stock Is the Better Value Option?

https://www.zacks.com/stock/news/2438362/epd-or-oke-which-is-the-better-value-stock-right-now

Oneok Inc. ( OKE ) Stock Moves -0.2%: What You Should Know

In the closing of the recent trading day, Oneok Inc. (OKE) stood at $98.48, denoting a -0.2% change from the preceding trading day.

https://www.zacks.com/stock/news/2437127/oneok-inc-oke-stock-moves--02-what-you-should-know

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ONEOK Inc. Price History

16.10.2023 - OKE Stock was down 0.6%

• ONEOK announced a reduced dividend payout, which may have disappointed investors and led to a bearish market movement.
• Coastal Investment Advisors Inc. increased its holdings in ONEOK, indicating positive sentiment towards the stock. However, this did not prevent the bearish movement.
• Jones Financial Companies Lllp sold a significant number of shares in ONEOK, suggesting a lack of confidence in the stock.
• Despite beating earnings estimates and completing an acquisition, ONEOK's stock still experienced a decline, possibly due to overall market conditions or other factors not mentioned in the provided articles.

15.04.2023 - OKE Stock was down 5.8%

• ONEOK Inc. (OKE) agreed to acquire all outstanding units of Magellan Midstream Partners L.P. (MMP) in a cash-and-stock transaction valued at about $18.8 billion. The acquisition might have been seen as a negative move by investors, leading to the bearish movement.
• The acquisition will create a Tulsa, Oklahoma-based midstream giant with a combined 25,000 miles of liquids-oriented pipelines. The investors might have been concerned about the integration of the two companies and the potential risks involved.
• Cash-rich oil and gas companies are seeking acquisitions after a lengthy dry spell, which might have caused investors to be cautious about the deal and the future prospects of the company.
• The deal will combine ONEOK and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. However, the investors might have been concerned about the competition in the market and the impact on the company's profitability.

04.02.2025 - OKE Stock was down 7.3%

• The recent bearish movement in OKE's stock could be attributed to profit-taking by investors after a prolonged period of outperformance.
• The comparison between EPD and OKE might have sparked some investor uncertainty or prompted a reevaluation of OKE's valuation, leading to the bearish trend.
• Despite the recent dip, OKE's historical performance indicates its resilience and potential for long-term growth, making it a stock to watch for value investors looking for opportunities in the energy sector.

25.10.2024 - OKE Stock was down 5.0%

• The bearish movement in OKE's stock price today could be attributed to profit-taking by investors after a recent surge in the stock price.
• The announcement of the $4.3 billion acquisition of EnLink Midstream by ONEOK might have raised concerns among investors about the potential dilution of value or integration challenges.
• The decision to sell three interstate natural gas pipeline systems for $1.2 billion could have been perceived by the market as a strategic shift that may impact OKE's future revenue streams, leading to a negative sentiment among investors.
• Overall, the market reaction to these strategic moves by ONEOK seems to have triggered a bearish trend in the stock price as investors reassess the company's growth and profitability prospects in the midstream energy sector.

25.01.2025 - OKE Stock was down 5.1%

• ONEOK (OKE) stock saw a notable decrease, ending at $98.63, marking a -0.57% decline from the previous trading day.
• Speculation around earning $500 monthly from ONEOK stock prior to Q4 earnings could have heightened investor expectations, leading to profit-taking and a subsequent bearish trend.
• Investor response to the Q4 outlook of ONEOK may have prompted adjustments to their positions in line with Wall Street estimates on key metrics, influencing the stock's downward trajectory.
• In sum, a mix of profit-taking, varied market conditions, and investor responses to earnings-related updates likely contributed to the bearish movement observed in ONEOK's stock performance.

06.07.2024 - OKE Stock was up 5.2%

• ONEOK (OKE) exceeded EPS forecasts but fell short of revenue predictions in the second quarter, demonstrating a strong performance in terms of bottom-line results.
• Although revenue was below expectations, the company's adjusted EBITDA showed a year-over-year increase, highlighting efficient operations and cost control.
• Investor confidence in ONEOK's ability to meet annual financial targets following the second quarter results has bolstered the bullish market trend.
• The second-quarter profit growth and outperformance against forecasts indicate that despite revenue hurdles, ONEOK's profitability and strategic trajectory are in line with market consensus, fueling positive market sentiment.

03.03.2025 - OKE Stock was down 5.4%

• The comparison between EPD and OKE might have sparked investor interest in evaluating OKE's value proposition, potentially leading to profit-taking.
• The slight -0.2% movement in OKE's stock price could indicate a minor correction or profit-taking after a period of growth.
• Investors may have reevaluated their positions in OKE based on the recent market conditions or industry-specific news, leading to the bearish movement.
• Overall, the bearish movement in OKE's stock price could be a result of profit-taking, market corrections, or investor sentiment influenced by the comparison with EPD.