Looking into the current session, ONEOK Inc. (NYSE:OKE) shares are trading at $69.36, after a 0.42% drop. Over the past month, the stock decreased by 1.77%, but over the past year, it actually spiked by 2.23%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.
Evaluating ONEOK P/E in Comparison to Its Peers
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's ...