Oneok Inc. (OKE) Stock Drops Despite Market Gains: Important Facts to Note

Oneok Inc. (OKE) declined 1.78% while broader markets gained, underperforming the S&P 500's 1.49% rise. The natural gas company is expected to report lower EPS of $1.45 (down 2.68% YoY) but higher revenue of $11.77 billion (up 36.34% YoY). OKE holds a Zacks Rank #3 (Hold) with a Forward P/E of 16.39, trading at a premium to its industry average.