Shares of ONEOK (OKE) Sees Large Inflow of Net Money Flow

ONEOK (OKE) : Fridays money flow indicated an uptick to downtick ratio was at 1.14. The total value of inflow transactions on upticks was $14.24 million, whereas, the total value of outflow trades on downticks was $12.51 million. The total money flow was $1.72 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $2.19 million. The total value of the trades done on upticks was $2.19 million. ONEOK (OKE) was trading with a -0.5% change over previous days close. It fell $0.23 during the day and reached $46.05. The stock was -4.3% compared to the previous weeks close.


ONEOK (OKE) : The most positive equity analysts on ONEOK (OKE) expects the shares to touch $49, whereas, the least positive believes that the stock will trade at $22 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $39.25 with an expected fluctuation of $9.57 from the mean.

ONEOK (NYSE:OKE): On Fridays trading session , Opening price of the stock was $46.64 with an intraday high of $46.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $45.57. However, the stock managed to close at $46.05, a loss of 0.50% for the day. On the previous day, the stock had closed at $46.28. The total traded volume of the day was 1,886,216 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Oneok Inc /New/, Derksen Brian L had purchased shares worth of $54,594 in a transaction dated on March 17, 2016. A total of 1,800 shares were purchased at a price of $30.33 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers, including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

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