Published on 31 Jan 2023 on Zacks via Yahoo Finance
Oneok Inc. (OKE) Outpaces Stock Market Gains: What You Should Know
Oneok Inc. (OKE) closed the most recent trading day at $68.48, moving +1.78% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.46%. Meanwhile, the Dow gained 1.09%, and the Nasdaq, a tech-heavy index, added 6.63%.
Coming into today, shares of the natural gas company had gained 2.4% in the past month. In that same time, the Oils-Energy sector gained 1.9%, while the S&P 500 gained 4.75%.
Investors will be hoping for strength from Oneok Inc. as it approaches its next earnings release, which is expected to be February 27, 2023. On that day, Oneok Inc. is projected to report earnings of $1.04 per share, which would represent year-over-year growth of 22.35%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.61 billion, up 3.46% from the year-ago period.