Oneok Stock Sees Its Composite Rating Rise To 96 During Tough Market

Oneok (OKE) saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.


The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.

Oneok stock is trading just above above a 57.65 entry from a consolidation. Energy stocks are showing strength, may be part of the market rotation?

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Oneok stock has an 86 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 86% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

In Q2, the company reported 141% earnings-per-share growth. It has now posted accelerating EPS increases for two consecutive quarters. Top line growth climbed 104%, up from 50% in the prior quarter. The company has now posted accelerating growth in each of the last four reports.

Oneok stock holds the No. 2 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Flex Lng (FLNG) is the top-ranked stock within the group.


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