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NYSE:OKE

ONEOK (OKE) Stock Price, News & Analysis

$81.66
-1.35 (-1.63%)
(As of 05/22/2024 ET)
Today's Range
$81.26
$82.72
50-Day Range
$76.92
$83.01
52-Week Range
$56.19
$83.31
Volume
1.91 million shs
Average Volume
2.38 million shs
Market Capitalization
$47.66 billion
P/E Ratio
18.99
Dividend Yield
4.85%
Price Target
$83.58

ONEOK MarketRank™ Stock Analysis

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
2.4% Upside
$83.58 Price Target
Short Interest
Healthy
1.80% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.51
Upright™ Environmental Score
News Sentiment
0.86mentions of ONEOK in the last 14 days
Based on 20 Articles This Week
Insider Trading
Acquiring Shares
$203,175 Bought Last Quarter
Proj. Earnings Growth
7.89%
From $4.94 to $5.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Oils/Energy Sector

44th out of 231 stocks

Gas Transmission & Distribution Industry

1st out of 5 stocks

OKE stock logo

About ONEOK Stock (NYSE:OKE)

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 Stock Price History

OKE Stock News Headlines

ONEOK Inc.
The AI Boom Is Powering Gas-Pipeline Stocks
ONEOK (NYSE:OKE) Upgraded to "Hold" by StockNews.com
Q1 2024 ONEOK Inc Earnings Call
Q1 2024 ONEOK Inc Earnings Call Transcript
Seaport Global Keeps Their Buy Rating on Oneok (OKE)
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Ex-Dividend for 5/15 Dividend
4/30/2024
Dividend Payable
5/15/2024
Today
5/22/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gas transmission & distribution
Sub-Industry
Gas Utilities
CUSIP
68268010
Employees
4,775
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$83.58
High Stock Price Target
$89.00
Low Stock Price Target
$76.00
Potential Upside/Downside
+2.4%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
17 Analysts

Profitability

Net Income
$2.66 billion
Pretax Margin
16.53%

Debt

Sales & Book Value

Annual Sales
$17.68 billion
Cash Flow
$5.81 per share
Book Value
$28.18 per share

Miscellaneous

Free Float
582,480,000
Market Cap
$47.66 billion
Optionable
Optionable
Beta
1.64

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Key Executives

  • Mr. Pierce H. Norton II (Age 64)
    President, CEO & Director
    Comp: $3.27M
  • Mr. Walter S. Hulse III (Age 60)
    CFO, Treasurer and Executive VP of Investor Relations & Corporate Development
    Comp: $2.16M
  • Mr. Sheridan C. Swords (Age 55)
    Executive Vice President of Commercial Liquids and Natural Gas Gathering & Processing
    Comp: $1.43M
  • Mr. Charles M. Kelley (Age 65)
    Senior Vice President of Commercial Natural Gas Pipelines
    Comp: $1.22M
  • Mr. Kevin L. Burdick (Age 59)
    Executive VP & Chief Enterprise Services Officer
    Comp: $1.7M
  • Ms. Mary M. Spears (Age 44)
    Senior VP and Chief Accounting Officer of Finance & Tax.
  • Mr. Lyndon C. Taylor (Age 65)
    Executive VP, Chief Legal Officer & Assistant Secretary
  • Mr. J. Darren Wallis
    Senior Vice President of Communications & Community Relations
  • Mr. Scott D. Schingen
    Senior Vice President of Natural Gas Liquids & Natural Gas Operations
  • Ms. Christy D. Williamson
    Senior Vice President of Commercial, Natural Gas Gathering & Processing

OKE Stock Analysis - Frequently Asked Questions

Should I buy or sell ONEOK stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OKE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKE, but not buy additional shares or sell existing shares.
View OKE analyst ratings
or view top-rated stocks.

What is ONEOK's stock price target for 2024?

17 equities research analysts have issued 1 year price targets for ONEOK's stock. Their OKE share price targets range from $76.00 to $89.00. On average, they anticipate the company's stock price to reach $83.58 in the next twelve months. This suggests a possible upside of 2.4% 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 2024?

ONEOK's stock was trading at $70.22 at the start of the year. Since then, OKE stock has increased by 16.3% and is now trading at $81.66.
View the best growth stocks for 2024 here
.

When is ONEOK's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our OKE earnings forecast
.

How were ONEOK's earnings last quarter?

ONEOK, Inc. (NYSE:OKE) announced its quarterly earnings data on Tuesday, April, 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The utilities provider had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. ONEOK had a trailing twelve-month return on equity of 15.94% and a net margin of 12.54%. During the same period in the previous year, the company earned $2.34 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 Thursday, April 18th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.99 per share on Wednesday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Tuesday, April 30th.
Read our dividend analysis for OKE
.

Is ONEOK a good dividend stock?

ONEOK (NYSE:OKE) pays an annual dividend of $3.96 per share and currently has a dividend yield of 4.79%. OKE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 92.09%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, OKE will have a dividend payout ratio of 74.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OKE.

How will ONEOK's stock buyback program work?

ONEOK declared that its board has initiated a share repurchase program on Wednesday, January 17th 2024, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

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

ONEOK updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of 4.920-4.920 for the period, compared to the consensus estimate of 4.910. 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).

Who are ONEOK's major shareholders?

ONEOK's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.84%), Bank of New York Mellon Corp (0.83%), Janus Henderson Group PLC (0.64%), Kayne Anderson Capital Advisors LP (0.63%), First Eagle Investment Management LLC (0.59%) and Energy Income Partners LLC (0.59%). Insiders that own company stock include Brian L Derksen, Eduardo A Rodriguez, Mark W Helderman, Pierce Norton and Wayne Thomas Smith.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:OKE) was last updated on 5/23/2024 by MarketBeat.com Staff

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