Beware The High Valuation: ONEOK, Inc. (OKE), BorgWarner Inc. (BWA)

DERKSEN BRIAN L, Director, bought 1,500 shares of the ONEOK, Inc. (NYSE:OKE) in an exchange that happened on August 6th. The stock was bought at an average price of $67.60 per share, amounting to a transaction worth $101,400. The sale was made public in a document filed with the SEC. Additionally, Director RODRIGUEZ EDUARDO A sold 2,100 shares of this stock in a transaction that took place on March 26th. The stock was sold at an average price of $56.94 per share, for a total exchange amounting to $119,574. After the transaction, the Director RODRIGUEZ EDUARDO A currently holds 16,025 shares of the company’s stock, which is worth approximately $951404.

With this stock price’s latest movement, it is now -17.53% away from its 1-year high and 18.13% higher than its 1-year low price. In the past seven days, the stock price volatility for ONEOK, Inc. was 2.11%, whereas its volatility in the past 30 days has been 3.56%. This public company’s stock also has a beta score of 1.09. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

ONEOK, Inc. (NYSE:OKE) most recently published its quarterly earnings results. The firm posted $0.75 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $0.71 by $0.04. The publicly-traded organization reported revenue of $2,668.15 million for the quarter, compared to the average analyst forecast calling for $3,172.63 million, which was missing the analyst consensus estimate.

Shares of ONEOK, Inc. (OKE) plunged -0.72%, amounting to a loss of -$0.43 per share, to finish the regular trading session at $59.37 on Monday 01/14/2019. After beginning the session at $59.09, shares of ONEOK, Inc. reached as high as $59.92 during the day, while hitting a 1-day low of $58.45. Trade volume reached 2,101,581 shares against this stock’s average daily volume of 2.65M shares, with a total float of 409.01M. As a consequence of the price decrease, ONEOK, Inc. now has a current market value of 24.52B.

BorgWarner Inc. (NYSE:BWA) added 0.48% to its trading price by the close of the most recent session, jumping from its previous closing price of $39.20 to $39.39. This stock increased in value by 8.60% during the last 7-day period, and experienced a gain of 12.09% over the past 30-day period. In the past three months, this stock’s price grew by 4.01% , and subtracted -12.62% to its price during the last six months of trading. BWA demonstrated a yearly price loss of -29.55% , while its year-to-date (YTD) price performance has been up 13.39% . This stock’s price changed by +21.35% compared to its 90-day low, and moved down -5.38% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the BWA stock as “Buy”. In the short-term, BorgWarner Inc. (BWA) has a 20-day average volume of 1,946,845 shares and short-term indicators sets the BWA stock as “ 60% Buy ” on average basis. In the medium-term, BWA stock has a 50-Day average volume of 1,949,728 shares and medium-term indicators gave the average rating of “ 25% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 2,251,529 shares. On average, long-term indicators rated the stock as “67% Sell ”. The overall picture from all short, medium and long-term indicators sets the BWA stock as “24% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on BWA. Jefferies, for example, Initiated its rating on shares of BorgWarner Inc. to a “Buy”, while setting a $48 price target on shares of the company’s stock, according to a research note from Tuesday December 4th, 2018. while giving the stock a “ Neutral” from “Underperform ” rating, as stated in a research report from Tuesday, October 23rd, 2018. Wolfe Research, on the other hand, Initiated a “Outperform” rating on this stock in a research note dated Tuesday, October 2nd, 2018.

In other news related to BorgWarner Inc. stock, 95.52% shares of BWA held by institutions. The total number of institutions who held the BWA shares was 782, according to most recent SEC filling. During the past quarter, total 198,939,602 shares held by institutions with the net change of -2,418,118 shares. In the meantime, 60 new institutions bought the shares of BorgWarner Inc. for the first time and 97 institutions sold all their holdings in the company’s common stock. 323 institutions increased their investment in the BWA stock and 350 institutions decreased their investment in the BorgWarner Inc. (BWA)’s stock during the last quarter.