Banking

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.




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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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