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NYSE:OKE

ONEOK - OKE Stock Forecast, Price & News

$59.21
+0.66 (+1.13%)
(As of 08/8/2022 05:42 PM ET)
Add
Compare
Today's Range
$58.78
$60.06
50-Day Range
$53.31
$69.14
52-Week Range
$48.51
$75.07
Volume
2.63 million shs
Average Volume
2.85 million shs
Market Capitalization
$26.44 billion
P/E Ratio
17.57
Dividend Yield
6.39%
Price Target
$68.25

ONEOK MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
15.0% Upside
$68.25 Price Target
Short Interest
Healthy
1.80% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.51
Upright™ Environmental Score
News Sentiment
-0.02mentions of ONEOK in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$498,472 Bought Last Quarter
Proj. Earnings Growth
14.79%
From $3.65 to $4.19 Per Share

Overall MarketRank

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

2.18 out of 5 stars

Oils/Energy Sector

122nd out of 344 stocks

Gas Transmission & Distribution Industry

3rd out of 6 stocks

OKE stock logo

About ONEOK (NYSE:OKE) Stock

ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space. It operates 17,500 miles of natural gas gathering pipelines; 1,500 miles of FERC-regulated interstate natural gas pipelines; 5,100 miles of state-regulated intrastate transmission pipeline; six NGL storage facilities; and eight NGL product terminals. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.

ONEOK Price Performance

OKE Stock traded up $0.82 on Monday, reaching $59.37. 164,487 shares of the company's stock were exchanged, compared to its average volume of 2,833,993. The stock has a fifty day moving average of $59.03 and a 200-day moving average of $63.42. ONEOK has a twelve month low of $48.51 and a twelve month high of $75.07. The firm has a market cap of $26.52 billion, a PE ratio of 17.71, a P/E/G ratio of 2.12 and a beta of 1.72. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 2.13.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be issued a dividend of $0.935 per share. This represents a $3.74 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Friday, July 29th. ONEOK's dividend payout ratio is presently 110.98%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OKE. Wells Fargo & Company reduced their price objective on ONEOK to $71.00 and set an "equal weight" rating for the company in a research note on Friday, May 20th. US Capital Advisors reiterated an "overweight" rating on shares of ONEOK in a research note on Wednesday, June 1st. Raymond James boosted their price objective on ONEOK from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, April 20th. Morgan Stanley reduced their price objective on ONEOK from $81.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 20th. Finally, Barclays reduced their price objective on ONEOK from $71.00 to $62.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, ONEOK has a consensus rating of "Hold" and an average price target of $68.25.

Insider Buying and Selling

In other ONEOK news, CEO Pierce Norton acquired 8,975 shares of the company's stock in a transaction that occurred on Friday, June 17th. The shares were purchased at an average price of $55.54 per share, with a total value of $498,471.50. Following the completion of the acquisition, the chief executive officer now directly owns 9,414 shares of the company's stock, valued at approximately $522,853.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is currently owned by corporate insiders.

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OKE Stock News Headlines

Should Investors Buy ONEOK Inc. for Dividend Growth?
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
ONEOK (OKE) Scheduled to Post Quarterly Earnings on Monday
Analyzing ONEOK's Short Interest
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Analyzing ONEOK's Short Interest - Benzinga
ONEOK: Things Are Not OK (NYSE:OKE) - Seeking Alpha
ONEOK (NYSE:OKE) PT Lowered to $62.00 at Barclays
See More Headlines
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OKE Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 5/16 Dividend
4/29/2022
Dividend Payable
5/16/2022
Ex-Dividend for 8/15 Dividend
7/29/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/08/2022
Dividend Payable
8/15/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Gas transmission & distribution
Sub-Industry
Gas Utilities
CUSIP
68268010
Employees
2,847
Year Founded
1906

Price Target and Rating

Average Stock Price Forecast
$68.25
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
+15.3%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
13 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
10.59%

Debt

Sales & Book Value

Annual Sales
$16.54 billion
Cash Flow
$4.81 per share
Book Value
$13.49 per share

Miscellaneous

Free Float
443,713,000
Market Cap
$26.44 billion
Optionable
Optionable
Beta
1.72

Social Links


Key Executives

  • Mr. Pierce H. Norton II (Age 62)
    Pres, CEO & Director
    Comp: $1.33M
  • Mr. Walter S. Hulse III (Age 58)
    CFO, Treasurer and Exec. VP of Investor Relations & Corp. Devel.
    Comp: $1.59M
  • Mr. Robert F. Martinovich (Age 64)
    Exec. VP & Chief Admin. Officer
    Comp: $1.29M
  • Mr. Sheridan C. Swords (Age 53)
    Sr. VP of Natural Gas Liquids, Gathering & Processing
    Comp: $1.19M
  • Mr. Kevin L. Burdick (Age 57)
    Exec. VP & Chief Commercial Officer
    Comp: $1.4M
  • Mr. Scott D. Schingen
    Sr. VP of Operations
  • Ms. Mary M. Spears (Age 42)
    Sr. VP and Chief Accounting Officer of Fin. & Tax.
  • Mr. Stephen B. Allen J.D. (Age 48)
    Sr. VP, Gen. Counsel & Assistant Sec.
  • Mr. Charles M. Kelley (Age 63)
    Sr. VP of Natural Gas Pipelines
  • Mr. Andrew J. Ziola
    VP of Investor Relations & Corp. Affairs













OKE Stock - Frequently Asked Questions

Should I buy or sell ONEOK stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 1 sell rating, 9 hold ratings and 3 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 forecast for 2022?

13 brokers have issued 1-year price targets for ONEOK's shares. Their OKE stock forecasts range from $62.00 to $78.00. On average, they expect the company's stock price to reach $68.25 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
View analysts price targets for OKE
or view top-rated stocks among Wall Street analysts.

How has ONEOK's stock price performed in 2022?

ONEOK's stock was trading at $58.76 at the beginning of 2022. Since then, OKE stock has increased by 1.4% and is now trading at $59.60.
View the best growth stocks for 2022 here
.

When is ONEOK's next earnings date?

ONEOK is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our OKE earnings forecast
.

How can I listen to ONEOK's earnings call?

ONEOK will be holding an earnings conference call on Tuesday, August 9th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-203-1112 with passcode "5147412".

How were ONEOK's earnings last quarter?

ONEOK, Inc. (NYSE:OKE) announced its earnings results on Tuesday, November, 2nd. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. The utilities provider earned $4.54 billion during the quarter, compared to the consensus estimate of $5.32 billion. ONEOK had a net margin of 8.01% and a trailing twelve-month return on equity of 25.33%. During the same quarter in the previous year, the firm posted $0.70 earnings per share.
Read the conference call transcript
.

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

ONEOK declared a quarterly dividend on Wednesday, July 20th. Shareholders of record on Monday, August 1st will be paid a dividend of $0.935 per share on Monday, August 15th. This represents a $3.74 annualized dividend and a dividend yield of 6.28%. The ex-dividend date is Friday, July 29th.
Read our dividend analysis for OKE
.

Is ONEOK a good dividend stock?

ONEOK (NYSE:OKE) pays an annual dividend of $3.74 per share and currently has a dividend yield of 6.39%. OKE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 110.98%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, OKE will have a dividend payout ratio of 89.26% 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 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 Kayne Anderson Capital Advisors LP (0.38%), CIBC Private Wealth Group LLC (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Mirae Asset Global Investments Co. Ltd. (0.25%), Envestnet Asset Management Inc. (0.16%) and Commonwealth Equity Services LLC (0.15%). Insiders that own company stock include Brian L Derksen, John William Gibson, Mark W Helderman, Mary M Spears, Pierce Norton, Terry K Spencer and Walter S Hulse III.
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 $59.60.

How much money does ONEOK make?

ONEOK (NYSE:OKE) has a market capitalization of $26.62 billion and generates $16.54 billion in revenue each year. The utilities provider earns $1.50 billion in net income (profit) each year or $3.37 on an earnings per share basis.

How many employees does ONEOK have?

ONEOK employs 2,847 workers across the globe.

Does ONEOK have any subsidiaries?

The following companies are subsidiares of ONEOK: Bighorn Gas Gathering L.L.C., Black Mesa Holdings Inc., Black Mesa Pipeline Inc., Black Mesa Pipeline Operations L.L.C., Black Mesa Technologies Inc., Border Midwestern Company, Border Viking 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, Lost Creek Gathering Company L.L.C., Mid Continent Market Center L.L.C., Midwestern Gas Transmission Company, Mont Belvieu I Fractionation Facility, NBP Services LLC, New Holdings Inc., New Holdings Sub 1 Inc., New Holdings Sub 2 Inc., Northern Border Pipeline Company, 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 Canada Ltd., 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 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 Permian NGL Pipeline GP L.L.C., ONEOK Permian NGL Pipeline LP 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 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, Venice Energy Services Company L.L.C., Viking Gas Transmission Company, and West Texas LPG Pipeline Limited Partnership.
Read More

When was ONEOK founded?

ONEOK was founded in 1906.

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 8/8/2022 by MarketBeat.com Staff

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