NYSE:OKEONEOK Stock Price, Forecast & News

$43.56

+2.85 (+7.00 %)

(As of 06/5/2020 09:44 AM ET)

Add

Compare

Today's Range

$43.41

Now: $43.56▼

$44.28

50-Day Range

$26.57

MA: $32.07▼

$40.58

52-Week Range

$12.16

Now: $43.56▼

$78.48

Volume189,659 shs

Average Volume5.31 million shs

Market Capitalization$18.03 billion

P/E Ratio22.61

Dividend Yield9.22%

Beta2.21

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^™

3.1 Analyst's Opinion

Consensus Rating
ONEOK has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 7 buy ratings, 13 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $48.75, ONEOK has a potential upside of 11.9% from its current price of $43.56.
Amount of Analyst Coverage
ONEOK has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
ONEOK has received 476 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
ONEOK has received 617 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
ONEOK has received 56.45% “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 9.22%, 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 134.53 % 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
69.57% of the stock of ONEOK is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for ONEOK are expected to decrease by -0.36% in the coming year, from $2.79 to $2.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ONEOK is 22.61, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of ONEOK is 22.61, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 30.02.
Price to Earnings Growth Ratio
ONEOK has a PEG Ratio of 2.43. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ONEOK has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.66 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

Webwww.oneok.com

Phone918-588-7000

Debt

Debt-to-Equity Ratio2.56

Current Ratio1.36

Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio22.61

Forward P/E Ratio15.61

P/E Growth2.43

Sales & Book Value

Annual Sales$10.16 billion

Price / Sales1.77

Cash Flow$4.56 per share

Price / Cash Flow9.55

Book Value$15.07 per share

Price / Book2.89

Profitability

EPS (Most Recent Fiscal Year)$3.07

Net Income$1.28 billion

Net Margins8.40%

Return on Equity21.11%

Return on Assets6.06%

Miscellaneous

Employees2,882

Outstanding Shares413,910,000

Market Cap$18.03 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

Receive OKE News and Ratings via Email

Sign-up to receive the latest news and ratings for OKE and its competitors with MarketBeat's FREE daily newsletter.

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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, OKE shares have increased by 21.2% and is now trading at $43.5615. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of ONEOK?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 1 sell rating, 13 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for ONEOK.

When is ONEOK's next earnings date?

ONEOK is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for ONEOK.

How were ONEOK's earnings last quarter?

ONEOK, Inc. (NYSE:OKE) issued its earnings results on Tuesday, April, 28th. The utilities provider reported $0.83 EPS for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.03. The utilities provider earned $2.14 billion during the quarter, compared to analysts' expectations of $2.52 billion. ONEOK had a return on equity of 21.11% and a net margin of 8.40%. During the same quarter in the prior year, the firm posted $0.81 EPS. View ONEOK's earnings history.

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

ONEOK declared a quarterly dividend on Thursday, April 16th. Stockholders of record on Monday, April 27th will be given a dividend of $0.935 per share on Thursday, May 14th. This represents a $3.74 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend is Friday, April 24th. View ONEOK's dividend history.

What price target have analysts set for OKE?

21 analysts have issued 12 month price objectives for ONEOK's shares. Their forecasts range from $29.00 to $84.00. On average, they anticipate ONEOK's stock price to reach $48.75 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price. View analysts' price targets for ONEOK.

Has ONEOK been receiving favorable news coverage?

Press coverage about OKE stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ONEOK earned a news impact score of -3.2 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutONEOK.

Are investors shorting ONEOK?

ONEOK saw a decrease in short interest in May. As of May 15th, there was short interest totaling 12,220,000 shares, a decrease of 16.4% from the April 30th total of 14,620,000 shares. Based on an average trading volume of 7,100,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.0% of the company's stock are short sold. 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). View all competitors.

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), Enterprise Products Partners (EPD), Verizon Communications (VZ), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Pfizer (PFE), Cisco Systems (CSCO), Altria Group (MO) 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.51%), State Street Corp (5.63%), Tortoise Capital Advisors L.L.C. (2.46%), Bank of New York Mellon Corp (1.72%), Geode Capital Management LLC (1.57%) and Kayne Anderson Capital Advisors LP (1.00%). 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 Tortoise Capital Advisors L.L.C., BlackRock Inc., Kayne Anderson Capital Advisors LP, Nuveen Asset Management LLC, Clearbridge Investments LLC, Northwestern Mutual Investment Management Company LLC, Janus Henderson Group PLC, and Raymond James & Associates. 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 State Street Corp, M&G Investment Management Ltd., Bank of New York Mellon Corp, Prudential PLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Lord Abbett & CO. LLC, Harvest Fund Advisors LLC, and State of Tennessee Treasury Department. 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 $43.56.

How big of a company is ONEOK?

ONEOK has a market capitalization of $18.03 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.

What is ONEOK's official website?

The official website for ONEOK is 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 6/5/2020 by MarketBeat.com Staff