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ONEOK (OKE) Stock Forecast, Price & News

+0.03 (+0.05%)
(As of 09/27/2023 ET)
Today's Range
50-Day Range
52-Week Range
8.66 million shs
Average Volume
3.31 million shs
Market Capitalization
$28.88 billion
P/E Ratio
Dividend Yield
Price Target

ONEOK MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
14.3% Upside
$73.73 Price Target
Short Interest
3.98% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.82mentions of ONEOK in the last 14 days
Based on 15 Articles This Week
Insider Trading
Acquiring Shares
$1.79 M Bought Last Quarter
Proj. Earnings Growth
From $5.63 to $4.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Oils/Energy Sector

151st out of 247 stocks

Gas Transmission & Distribution Industry

3rd out of 6 stocks

OKE stock logo

About ONEOK (NYSE:OKE) Stock

ONEOK, Inc. is a player in the natural gas industry. Headquartered in Tulsa, Oklahoma, ONEOK has a long and rich history, dating back to its founding in 1906 as Oklahoma Natural Gas Company. Over the years, the company has evolved and diversified its operations, solidifying its position as a key participant in the energy sector.

ONEOK primarily focuses on the natural gas market, offering a range of products and services to meet the growing demand for clean and reliable energy. The company's mission centers around delivering energy solutions to its customers while adhering to the highest safety standards and maintaining environmental stewardship.

As a leading provider in the natural gas industry, ONEOK plays a vital role in producing, processing, and transporting natural gas. The company owns significant natural gas liquids (NGL) systems, which link natural gas production and end-use markets. By efficiently processing and delivering natural gas and NGL products, ONEOK helps meet the energy needs of a diverse range of customers, including industrial, commercial, and residential users.

ONEOK's management team is composed of experienced industry professionals who bring a wealth of expertise and strategic vision to the company. President and Chief Executive Officer Pierce H. Norton II's leadership team is dedicated to driving growth and ensuring the company's long-term success. Each team member deeply understands the energy industry and contributes to ONEOK's strategic decision-making process.

ONEOK's financial performance demonstrates its strong position in the natural gas industry. Over the past few years, the company has achieved notable revenue growth, reflecting a significant increase compared to the previous year. This growth can be attributed to the company's strategic acquisitions and ability to capitalize on favorable market conditions.

ONEOK has consistently delivered positive results. The company has demonstrated a robust profit margin, with net margins averaging around 10%. These figures underscore ONEOK's ability to generate sustainable profits and create shareholder value.

ONEOK's financial stability is further reinforced by its prudent management of debt levels. The company maintains a balanced capital structure, allowing it to pursue growth opportunities while effectively managing financial risk. The company's strong financial position enables it to invest in infrastructure, expand its operations and meet the evolving energy needs of its customers.

Factors driving ONEOK's valuation include its strong market position, solid financial performance, and strategic investments in infrastructure. As a leading player in the natural gas industry, ONEOK benefits from the increasing demand for clean energy sources and the ongoing transition towards a low-carbon future. These factors contribute to the company's attractiveness to investors seeking exposure to the energy sector.

ONEOK's stock performance has been notable, reflecting its strong financial performance and positive market sentiment. While the stock's price can fluctuate in response to various market factors, ONEOK has consistently demonstrated resilience and the ability to deliver long-term value to its shareholders. 

ONEOK operates within the broader natural gas industry, which is critical in meeting the world's energy needs. As a leading natural gas company, ONEOK benefits from its strategic positioning and extensive infrastructure, including its major NGL systems. These assets give the company a competitive advantage in processing and transporting natural gas, effectively serving customers across various sectors.

The natural gas industry is transforming, driven by the increasing focus on sustainability and the transition to cleaner energy sources. ONEOK is well-positioned to navigate this changing landscape, leveraging its expertise, infrastructure, and commitment to environmental stewardship. As the demand for natural gas continues to grow, ONEOK's strong market presence and operational capabilities position it favorably among its industry peers.

ONEOK is poised to capitalize on several growth opportunities within the natural gas industry. As the world transitions to a more sustainable energy mix, natural gas is expected to play a crucial role due to its lower carbon emissions than other fossil fuels. ONEOK's extensive infrastructure and expertise enable the company to meet the increasing demand for natural gas and NGL products, providing a foundation for future growth.

Furthermore, developing natural gas liquids presents significant growth potential for ONEOK. These products serve as feedstocks for various industries, including petrochemicals, plastics, and transportation fuels. ONEOK's ownership of major NGL systems positions the company to capitalize on this expanding market and deliver value to its customers and shareholders.

While ONEOK's strong financial performance and strategic positioning contribute to its success, it faces certain risks and challenges inherent in the industry. Fluctuations in commodity prices, regulatory changes, and environmental considerations can impact the company's operations and profitability. ONEOK employs risk management strategies to mitigate these risks, including effective hedging programs and compliance with industry regulations.

The ongoing energy transition presents challenges and opportunities for the natural gas industry. ONEOK is committed to evolving with the changing landscape, pursuing sustainable practices, and exploring new technologies to reduce its environmental footprint. ONEOK aims to remain at the forefront of the energy industry by proactively addressing these challenges and capitalizing on growth opportunities.

OKE Price History

OKE Stock News Headlines

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Enterprise Products Partners' 7.33% yield and reliable history of dividend increases make it worthy of consideration for investors seeking stable income.
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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
ONEOK (NYSE:OKE) Sees Large Volume Increase
ONEOK, Magellan Midstream Partners Shareholders Approve Merger
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Oneok Inc. (OKE) Stock Moves -1.52%: What You Should Know
ONEOK Insiders Placed Bullish Bets Worth US$1.8m
Why Oneok Inc. (OKE) is a Top Growth Stock for the Long-Term
Glass Lewis backs Magellan Midstream's sale to ONEOK
See More Headlines
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OKE Company Calendar

Ex-Dividend for 8/14 Dividend
Last Earnings
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Gas transmission & distribution
Gas Utilities
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
11 Analysts


Net Income
$1.72 billion
Pretax Margin


Sales & Book Value

Annual Sales
$22.39 billion
Cash Flow
$5.09 per share
Book Value
$14.53 per share


Free Float
Market Cap
$28.87 billion

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Key Executives

  • Mr. Pierce H. Norton II (Age 63)
    Pres, CEO & Director
    Comp: $2.52M
  • Mr. Walter S. Hulse III (Age 59)
    CFO, Treasurer and Exec. VP of Investor Relations & Corp. Devel.
    Comp: $1.57M
  • Mr. Sheridan C. Swords (Age 54)
    Sr. VP of Natural Gas Liquids, Gathering & Processing
    Comp: $1.19M
  • Mr. Kevin L. Burdick (Age 58)
    Exec. VP & Chief Commercial Officer
    Comp: $1.27M
  • Mr. Scott D. Schingen
    Sr. VP of Operations
  • Ms. Mary M. Spears (Age 43)
    Sr. VP and Chief Accounting Officer of Fin. & Tax.
  • Mr. J. Darren Wallis
    Sr. VP of Communications & Community Relations
  • Ms. Janet L. Hogan (Age 59)
    Sr. VP & Chief HR Officer
  • Mr. Charles M. Kelley (Age 64)
    Sr. VP of Natural Gas Pipelines
  • Mr. Gregory Lusardi
    Sr. VP of Corp. Devel.

OKE Stock - Frequently Asked Questions

Should I buy or sell ONEOK stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OKE shares.
View OKE analyst ratings
or view top-rated stocks.

What is ONEOK's stock price forecast for 2023?

11 brokerages have issued 1-year target prices for ONEOK's stock. Their OKE share price forecasts range from $66.00 to $81.00. On average, they anticipate the company's stock price to reach $73.73 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
View analysts price targets for OKE
or view top-rated stocks among Wall Street analysts.

How have OKE shares performed in 2023?

ONEOK's stock was trading at $65.70 at the start of the year. Since then, OKE shares have decreased by 1.8% and is now trading at $64.49.
View the best growth stocks for 2023 here

When is ONEOK's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our OKE earnings forecast

How were ONEOK's earnings last quarter?

ONEOK, Inc. (NYSE:OKE) posted its earnings results on Monday, August, 7th. The utilities provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The utilities provider had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $4.13 billion. ONEOK had a trailing twelve-month return on equity of 35.84% and a net margin of 12.68%. During the same quarter in the previous year, the business posted $0.92 EPS.
Read the conference call transcript

How often does ONEOK pay dividends? What is the dividend yield for ONEOK?

ONEOK announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Tuesday, August 1st will be paid a dividend of $0.955 per share on Monday, August 14th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Monday, July 31st.
Read our dividend analysis for OKE

Is ONEOK a good dividend stock?

ONEOK (NYSE:OKE) pays an annual dividend of $3.82 per share and currently has a dividend yield of 5.74%. OKE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 70.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, OKE will have a dividend payout ratio of 82.51% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for OKE.

What guidance has ONEOK issued on next quarter's earnings?

ONEOK issued an update on its FY 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of $5.54-$5.54 for the period, compared to the consensus EPS estimate of $5.50. The company issued revenue guidance of -.

What is Terry K. Spencer's approval rating as ONEOK's CEO?

62 employees have rated ONEOK Chief Executive Officer Terry K. Spencer on Glassdoor.com. Terry K. Spencer has an approval rating of 89% among the company's employees.

What other stocks do shareholders of ONEOK own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ONEOK investors own include AT&T (T), Enterprise Products Partners (EPD), Pfizer (PFE), Johnson & Johnson (JNJ), Exxon Mobil (XOM), AbbVie (ABBV), Cisco Systems (CSCO), Intel (INTC), Verizon Communications (VZ) and Altria Group (MO).

What is ONEOK's stock symbol?

ONEOK trades on the New York Stock Exchange (NYSE) under the ticker symbol "OKE."

Who are ONEOK's major shareholders?

ONEOK's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.34%), State Street Corp (6.91%), Geode Capital Management LLC (2.12%), Charles Schwab Investment Management Inc. (2.09%), Northern Trust Corp (1.03%) and Bank of New York Mellon Corp (0.97%). Insiders that own company stock include Brian L Derksen, Mark W Helderman and Pierce Norton.
View institutional ownership trends

How do I buy shares of ONEOK?

Shares of OKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ONEOK's stock price today?

One share of OKE stock can currently be purchased for approximately $64.49.

How much money does ONEOK make?

ONEOK (NYSE:OKE) has a market capitalization of $28.87 billion and generates $22.39 billion in revenue each year. The utilities provider earns $1.72 billion in net income (profit) each year or $5.42 on an earnings per share basis.

How many employees does ONEOK have?

The company employs 2,966 workers across the globe.

Does ONEOK have any subsidiaries?
The following companies are subsidiares of ONEOK: Black Mesa Holdings Inc., Black Mesa Pipeline Inc., Black Mesa Pipeline Operations L.L.C., Black Mesa Technologies Inc., Border Midwestern Company, Chisholm Pipeline Company, Chisholm Pipeline Holdings L.L.C., Crestone Energy Ventures L.L.C., Crestone Gathering Services L.L.C., Crestone Powder River L.L.C., Crestone Wind River L.L.C., Fort Union Gas Gathering L.L.C., Guardian Pipeline L.L.C., Heartland Pipeline Company (general partnership), Mid Continent Market Center L.L.C., Midwestern Gas Transmission Company, Mont Belvieu I Fractionation Facility (joint venture), Northern Border Pipeline Company (general partnership), ONEOK Arbuckle II Pipeline L.L.C., ONEOK Arbuckle North Pipeline L.L.C., ONEOK Arbuckle Pipeline L.L.C., ONEOK Bakken Pipeline L.L.C., ONEOK Bushton Processing L.L.C., ONEOK Elk Creek Pipeline L.L.C., ONEOK Energy Services Company II, ONEOK Energy Services Company L.P., ONEOK Energy Services Holdings L.L.C., ONEOK Field Services Company L.L.C., ONEOK Gas Storage Holdings L.L.C., ONEOK Gas Storage L.L.C., ONEOK Gas Transportation L.L.C., ONEOK Hydrocarbon GP L.L.C., ONEOK Hydrocarbon Holdings L.L.C., ONEOK Hydrocarbon L.L.C., ONEOK Hydrocarbon L.P., ONEOK Hydrocarbon Southwest L.L.C., ONEOK ILP GP L.L.C., ONEOK Leasing Company, ONEOK MB I L.P., ONEOK Midstream Gas Supply L.L.C., ONEOK Mont Belvieu Properties L.L.C., ONEOK Mont Belvieu Storage Company L.L.C., ONEOK NGL Gathering L.L.C., ONEOK NGL Pipeline L.L.C., ONEOK North System L.L.C., ONEOK Northern Border Pipeline Company Holdings L.L.C., ONEOK Overland Pass Holdings L.L.C., ONEOK Parking Company L.L.C., ONEOK Partners GP L.L.C., ONEOK Partners Intermediate Limited Partnership, ONEOK Partners L.P., ONEOK Permian NGL Operating Company L.L.C., ONEOK Pipeline Holdings L.L.C., ONEOK Rockies Investments L.L.C., ONEOK Rockies Midstream L.L.C., ONEOK Services Company L.L.C., ONEOK Southeast Texas NGL Pipeline L.L.C., ONEOK Sterling III Pipeline L.L.C., ONEOK Texas Gas Storage L.L.C., ONEOK Underground Storage Company L.L.C., ONEOK Unit Holdings Inc., ONEOK VESCO Holdings L.L.C., ONEOK WesTex Transmission L.L.C., ONEOK West Texas NGL Pipeline L.L.C., ONEOK Western Trail Pipeline L.L.C., OkTex Pipeline Company L.L.C., Overland Pass Pipeline Company LLC, Roadrunner Gas Transmission Holdings LLC, Roadrunner Gas Transmission LLC, and Viking Gas Transmission Company.
Read More
How can I contact ONEOK?

ONEOK's mailing address is 100 WEST 5TH ST, TULSA OK, 74103. The official website for the company is www.oneok.com. The utilities provider can be reached via phone at (918) 588-7000, via email at oneokinvestorrelations@oneok.com, or via fax at 918-588-7273.

This page (NYSE:OKE) was last updated on 9/27/2023 by MarketBeat.com Staff

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