Oneok Inc. Surges Amid Market Decline: Investors Take Note of Upcoming Earnings Report

Oneok Inc. (OKE) rose 1.13% to $90.94, outperforming the S&P 500's 0.37% loss and the Dow's 0.18% decline. The stock has gained 2.97% in the past month, lagging the Oils-Energy sector's 8.79% rise and the S&P 500's 3.7% loss. Analysts expect Q1 earnings of $1.29 per share, a 24.04% YoY increase, and revenue of $9.16 billion, a 13.93% YoY increase. The Zacks Rank is #3 (Hold), and the Forward P/E ratio is 16.32, a premium to the industry average of 13.2.