Oneok saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Oneok is currently forming a consolidation, with a 118.07 buy point. See if the stock can break out in heavy trade at least 40% above average.
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The stock earns a 94 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 19% EPS growth. Sales growth fell to 20%, down from 31% in the prior quarter.
Oneok earns the No. 1 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Western Midstream Ptrs and Energy Transfer are also among the group's highest-rated stocks.
