NYSE:OKEONEOK Stock Price, Forecast & News

$28.40

+1.95 (+7.37 %)

(As of 04/10/2020 06:00 AM ET)

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Today's Range

$27.24

Now: $28.40▼

$30.29

50-Day Range

$15.07

MA: $42.84▼

$77.52

52-Week Range

$12.16

Now: $28.40▼

$78.48

Volume10.66 million shs

Average Volume5.37 million shs

Market Capitalization$11.74 billion

P/E Ratio9.25

Dividend Yield14.14%

Beta1.96

ONEOK, Inc., together with its subsidiaries, engages in the 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 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 that interconnect with its NGL fractionation 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 to others. 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; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution companies, electric-generation facilities, industrial companies, municipalities, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
ONEOK has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 11 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $72.18, ONEOK has a potential upside of 154.2% from its current price of $28.40.
Amount of Analyst Coverage
ONEOK has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
ONEOK has received 466 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
ONEOK has received 601 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
ONEOK has received 56.33% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about ONEOK and other stocks. Vote “Outperform” if you believe OKE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe OKE will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
ONEOK is a leading dividend payer. It pays a dividend yield of 14.14%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ONEOK has been increasing its dividend for 17 years.
Dividend Coverage
The dividend payout ratio of ONEOK is 121.82 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, ONEOK will have a dividend payout ratio of 94.44 % in the coming year. This indicates that ONEOK may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ONEOK insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,513,025.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.60% of the stock of ONEOK is held by insiders.
Percentage Held by Institutions
74.83% of the stock of ONEOK is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for ONEOK are expected to grow by 9.09% in the coming year, from $3.63 to $3.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ONEOK is 9.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of ONEOK is 9.25, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 30.08.
Price to Earnings Growth Ratio
ONEOK has a PEG Ratio of 0.66. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
ONEOK has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.39 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Gas transmission & distribution

Sub-IndustryGas Utilities

SectorUtilities

Current SymbolNYSE:OKE

Previous Symbol

CUSIP68268010

CIK1039684

Webhttp://www.oneok.com/

Phone918-588-7000

Debt

Debt-to-Equity Ratio2.01

Current Ratio0.73

Quick Ratio0.48

Price-To-Earnings

Trailing P/E Ratio9.25

Forward P/E Ratio7.82

P/E Growth0.66

Sales & Book Value

Annual Sales$10.16 billion

Price / Sales1.15

Cash Flow$4.97 per share

Price / Cash Flow5.71

Book Value$15.07 per share

Price / Book1.88

Profitability

EPS (Most Recent Fiscal Year)$3.07

Net Income$1.28 billion

Net Margins12.58%

Return on Equity20.27%

Return on Assets6.25%

Miscellaneous

Employees2,882

Outstanding Shares413,319,000

Market Cap$11.74 billion

Next Earnings Date4/28/2020 (Confirmed)

OptionableOptionable

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ONEOK (NYSE:OKE) Frequently Asked Questions

How has ONEOK's stock been impacted by COVID-19 (Coronavirus)?

ONEOK's stock was trading at $35.94 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, OKE stock has decreased by 21.0% and is now trading at $28.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of ONEOK?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 1 sell rating, 6 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for ONEOK.

When is ONEOK's next earnings date?

ONEOK is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for ONEOK.

How can I listen to ONEOK's earnings call?

ONEOK will be holding an earnings conference call on Tuesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were ONEOK's earnings last quarter?

ONEOK, Inc. (NYSE:OKE) announced its quarterly earnings results on Monday, February, 24th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.77. The utilities provider earned $2.66 billion during the quarter, compared to analysts' expectations of $2.72 billion. ONEOK had a return on equity of 20.27% and a net margin of 12.58%. The company's revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. View ONEOK's earnings history.

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

ONEOK announced a quarterly dividend on Wednesday, January 15th. Investors of record on Monday, January 27th will be given a dividend of $0.935 per share on Friday, February 14th. This represents a $3.74 dividend on an annualized basis and a dividend yield of 13.17%. The ex-dividend date is Friday, January 24th. This is a positive change from ONEOK's previous quarterly dividend of $0.92. View ONEOK's dividend history.

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

ONEOK updated its FY20 earnings guidance on Monday, February, 24th. The company provided EPS guidance of $3.25-3.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.84.

What price target have analysts set for OKE?

18 equities research analysts have issued twelve-month price targets for ONEOK's shares. Their forecasts range from $42.00 to $84.00. On average, they expect ONEOK's share price to reach $72.18 in the next year. This suggests a possible upside of 154.2% from the stock's current price. View analysts' price targets for ONEOK.

Has ONEOK been receiving favorable news coverage?

Media stories about OKE stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. ONEOK earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutONEOK.

Are investors shorting ONEOK?

ONEOK saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 10,589,900 shares, a decline of 7.1% from the February 27th total of 11,400,000 shares. Based on an average daily volume of 2,800,000 shares, the short-interest ratio is currently 3.8 days. Approximately 2.6% of the company's stock are sold short. View ONEOK's Current Options Chain.

Who are some of ONEOK's key competitors?

Some companies that are related to ONEOK include Atmos Energy (ATO), UGI (UGI), Southwest Gas (SWX), National Fuel Gas (NFG), New Jersey Resources (NJR), South Jersey Industries (SJI), Northwest Natural (NWN) and Chesapeake Utilities (CPK).

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), AbbVie (ABBV), Verizon Communications (VZ), Enterprise Products Partners (EPD), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Walt Disney (DIS), Pfizer (PFE) and Chevron (CVX).

Who are ONEOK's key executives?

ONEOK's management team includes the following people:

Mr. Terry K. Spencer, Pres, CEO & Director (Age 60)
Mr. Walter S. Hulse III, Exec. VP of Strategic Planning & Corp. Affairs and CFO (Age 55)
Mr. Kevin L. Burdick, Exec. VP & COO (Age 54)
Mr. Robert F. Martinovich, Exec. VP & Chief Admin. Officer (Age 61)
Mr. Sheridan C. Swords, Sr. VP of Natural Gas Liquids (Age 50)

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 many different institutional and retail investors. Top institutional shareholders include M&G Investment Management Ltd. (0.77%), Chickasaw Capital Management LLC (0.27%), Spirit of America Management Corp NY (0.05%), Walnut Private Equity Partners LLC (0.03%), State of Alaska Department of Revenue (0.02%) and Verity & Verity LLC (0.02%). Company insiders that own ONEOK stock include Brian L Derksen, Eduardo A Rodriguez, John William Gibson, Mark W Helderman, Mary M Spears, Terry K Spencer and Walter S Hulse III. View institutional ownership trends for ONEOK.

Which major investors are selling ONEOK stock?

OKE stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Walnut Private Equity Partners LLC, Verity & Verity LLC, Fulcrum Equity Management, Centre Asset Management LLC, Clifford Swan Investment Counsel LLC, IFM Investors Pty Ltd, and Weather Gauge Advisory LLC. View insider buying and selling activity for ONEOK.

Which major investors are buying ONEOK stock?

OKE stock was bought by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., Alpine Global Management LLC, Nelson Van Denburg & Campbell Wealth Management Group LLC, Spirit of America Management Corp NY, State of Alaska Department of Revenue, IBM Retirement Fund, PrairieView Partners LLC, and Contravisory Investment Management Inc.. Company insiders that have bought ONEOK stock in the last two years include Brian L Derksen, John William Gibson, Mark W Helderman, Mary M Spears, Terry K Spencer, and Walter S Hulse III. View insider buying and selling activity for ONEOK.

How do I buy shares of ONEOK?

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

What is ONEOK's stock price today?

One share of OKE stock can currently be purchased for approximately $28.40.

How big of a company is ONEOK?

ONEOK has a market capitalization of $11.74 billion and generates $10.16 billion in revenue each year. The utilities provider earns $1.28 billion in net income (profit) each year or $3.07 on an earnings per share basis. ONEOK employs 2,882 workers across the globe. View additional information about ONEOK.

What is ONEOK's official website?

The official website for ONEOK is http://www.oneok.com/.

How can I contact ONEOK?

ONEOK's mailing address is 100 WEST 5TH ST, TULSA OK, 74103. The utilities provider can be reached via phone at 918-588-7000 or via email at [email protected]

This page was last updated on 4/10/2020 by MarketBeat.com Staff