You can click on the image below to see (in greater detail) how ONEOK’s past growth compares to other companies.Firstly, we’ll go over how we calculate ROCE. Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.At Q3’s end, a total of 31 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 24% from the second quarter of 2018. In this regard RCL might be a better candidate to consider a long position.
To counteract this, we check if a company has high current liabilities, relative to its total assets.0.094 = US$2.0b ÷ (US$22b – US$1.1b) (Based on the trailing twelve months to March 2020. Based on our forecasts, a long-term increase is expected, the "OKE" stock price prognosis for 2025-07-16 is 46.111 USD. Let's review the recent hedge fund action regarding ONEOK, Inc. (NYSE:OKE). Investors may wish to consider higher-performing investments.ONEOK has total assets of US$22b and current liabilities of US$1.1b. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. ONEOK, Inc. (NYSE:OKE) went up by 0.07% from its latest closing price when compared to the 1-year high value of $78.48 and move down -172.03%, while OKE stocks collected +10.33% of gains with the last five trading sessions.
Setting aside the industry comparison for now, ONEOK’s ROCE is mediocre in absolute terms, considering the risk of investing in stocks versus the safety of a bank account. So, let’s review which hedge funds were among the top holders of the stock and which hedge funds were making big moves.As you can see these stocks had an average of 19.75 hedge funds with bullish positions and the average amount invested in these stocks was $776 million. ONEOK, Inc. (NYSE:OKE) is not the most popular stock in this group but hedge fund interest is still above average. Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual. With a 5-year investment, the revenue is expected to be around +60.55%.
The goal of our public school grants is to improve the educational experience for K-12 students in public schools and to cultivate and enhance relationships with community leaders. Setting aside the industry comparison for now, ONEOK’s ROCE is mediocre in absolute terms, considering the risk of investing in stocks versus the safety of a bank account.
ONEOK has a low level of current liabilities, which have a minimal impact on its uninspiring ROCE.