About ONEOK (NYSE:OKE)
ONEOK, Inc. is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company's operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions. The Company operates through three business segments. The Natural Gas Gathering and Processing segment provides midstream services to contracted producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products primarily in the Mid-Continental, Permian Basin and the Rocky Mountain regions. The Natural Gas Pipelines segment provides transportation and storage services to end users.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Oil & Gas Transportation Services
- Sub-Industry: Gas Utilities
- Symbol: NYSE:OKE
- CUSIP: 68268010
- Web: www.oneok.com
- Market Cap: $21.28 billion
- Outstanding Shares: 380,008,000
- 50 Day Moving Avg: $55.95
- 200 Day Moving Avg: $53.23
- 52 Week Range: $45.41 - $59.47
Sales & Book Value:
- Trailing P/E Ratio: 35.09
- Foreward P/E Ratio: 26.67
- P/E Growth: 3.38
- Annual Revenue: $10.49 billion
- Price / Sales: 2.03
- Book Value: $14.23 per share
- Price / Book: 3.94
- Annual Dividend: $2.98
- Dividend Yield: 5.3%
- EBITDA: $1.68 billion
- Net Margins: 3.26%
- Return on Equity: 8.62%
- Return on Assets: 2.11%
- Debt-to-Equity Ratio: 1.41%
- Current Ratio: 0.51%
- Quick Ratio: 0.41%
- Average Volume: 3.00 million shs.
- Beta: 1.3
- Short Ratio: 2.02
Frequently Asked Questions for ONEOK (NYSE:OKE)
What is ONEOK's stock symbol?
ONEOK trades on the New York Stock Exchange (NYSE) under the ticker symbol "OKE."
How often does ONEOK pay dividends? What is the dividend yield for ONEOK?
ONEOK declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.745 per share on Monday, August 14th. This represents a $2.98 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Thursday, August 3rd. This is a positive change from ONEOK's previous quarterly dividend of $0.62. View ONEOK's Dividend History.
How were ONEOK's earnings last quarter?
ONEOK, Inc. (NYSE:OKE) announced its quarterly earnings results on Tuesday, August, 1st. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.45 by $0.12. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. During the same quarter in the previous year, the business earned $0.40 EPS. View ONEOK's Earnings History.
When will ONEOK make its next earnings announcement?
Where is ONEOK's stock going? Where will ONEOK's stock price be in 2017?
13 brokers have issued 12-month price targets for ONEOK's stock. Their predictions range from $52.00 to $63.00. On average, they anticipate ONEOK's stock price to reach $58.33 in the next year. View Analyst Ratings for ONEOK.
What are analysts saying about ONEOK stock?
Here are some recent quotes from research analysts about ONEOK stock:
- 1. According to Zacks Investment Research, "In last three months shares of ONEOK Inc. have gained more than the industry it belongs to. ONEOK is poised to gain from increased drilling activities in the basin where this company has well placed assets. The increase in fee-based earnings, acquisition of ONEOK Partners, capital-growth projects and increasing drilling activities from the producers will further boost the performance of the company. However, strict regulations and intensifying competition in midstream energy services are the major concerns for the company." (10/17/2017)
- 2. Jefferies Group LLC analysts commented, "We have updated our OKE model to reflect the pending OKS acquisition; the deal will create a ~$14B basis step-up, shielding OKE from Fed cash taxes through ~2021 & permitting accelerated dividend growth. These have positive valuation effects & shares have lagged the AMZ by ~10% since our Jan downgrade so we lift our PT to $51 & upgrade to Hold; however, we note OKE's lofty EBITDA multiple & remain below the mid-point of mgmt's 2017 guidance." (2/23/2017)
Who are some of ONEOK's key competitors?
Some companies that are related to ONEOK include Kinder Morgan (KMI), Williams Companies, Inc. (The) (WMB), Sunoco Logistics Partners LP (ETP), Magellan Midstream Partners L.P. (MMP), Plains All American Pipeline, L.P. (PAA), Mplx Lp (MPLX), Cheniere Energy Partners LP (CQP), Cheniere Energy Partners LP (CQP), Spectra Energy Partners, LP (SEP), Pembina Pipeline Corp. (PBA), Targa Resources (TRGP), Buckeye Partners L.P. (BPL), Enable Midstream Partners, LP (ENBL), EQT Midstream Partners, LP (EQM), EnLink Midstream Partners, LP (ENLK), Phillips 66 Partners LP (PSXP), Shell Midstream Partners, L.P. (SHLX) and Andeavor Logistics LP (ANDX).
Who are ONEOK's key executives?
ONEOK's management team includes the folowing people:
- Terry K. Spencer, President, Chief Executive Officer, Director of the Company and Oneok Partners
- Walter S. Hulse III, Chief Financial Officer, Executive Vice President - Strategic Planning and Corporate Affairs
- Kevin L. Burdick, Chief Operating Officer, Executive Vice President
- Robert F. Martinovich, Executive Vice President, Chief Administrative Officer
- Derek S. Reiners CPA, Senior Vice President - Finance, Treasurer
- Michael A. Fitzgibbons, Senior Vice President - Natural Gas Gathering and Processing
- Sheppard F. Miers III, Chief Accounting Officer, Vice President of the Company and Oneok Partners
- John William Gibson, Non-Executive Chairman of the Board
- James W. Mogg, Lead Independent Director
- Brian L. Derksen, Independent Director
Who owns ONEOK stock?
ONEOK's stock is owned by many different of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.24%), Viking Fund Management LLC (0.12%), Spirit of America Management Corp NY (0.05%), Ingalls & Snyder LLC (0.05%), State Treasurer State of Michigan (0.03%) and Denali Advisors LLC (0.02%). Company insiders that own ONEOK stock include Brian L Derksen, Eduardo A Rodriguez, Sheppard F Miers III and Walter S Hulse III. View Institutional Ownership Trends for ONEOK.
Who sold ONEOK stock? Who is selling ONEOK stock?
Who bought ONEOK stock? Who is buying ONEOK stock?
ONEOK's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Spirit of America Management Corp NY, Huntington Steele LLC, Meeder Asset Management Inc., Ronna Sue Cohen, Albert D Mason Inc., Shell Asset Management Co. and Viking Fund Management LLC. Company insiders that have bought ONEOK stock in the last two years include Brian L Derksen and Walter S Hulse III. View Insider Buying and Selling for ONEOK.
How do I buy ONEOK stock?
Shares of ONEOK can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is ONEOK's stock price today?
MarketBeat Community Rating for ONEOK (NYSE OKE)MarketBeat's community ratings are surveys of what our community members think about ONEOK and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of ONEOK stock can currently be purchased for approximately $56.00.
Consensus Ratings for ONEOK (NYSE:OKE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.38)|
|Consensus Price Target: ||$58.33 (4.17% upside)|Consensus Price Target History for ONEOK (NYSE:OKE)
Analysts' Ratings History for ONEOK (NYSE:OKE)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||BMO Capital Markets||Set Price Target||Buy||$62.00||N/A|
|10/12/2017||Stifel Nicolaus||Reiterated Rating||Hold||$54.00||N/A|
|9/11/2017||J P Morgan Chase & Co||Reiterated Rating||Underweight -> Neutral||$58.00||Low|
|9/5/2017||Barclays PLC||Initiated Coverage||Equal Weight||$58.00||Low|
|9/1/2017||Jefferies Group LLC||Reiterated Rating||Hold||$51.00 -> $52.00||Low|
|8/24/2017||Argus||Reiterated Rating||Buy||$55.00 -> $59.00||Low|
|8/3/2017||Credit Suisse Group||Lower Price Target||Outperform||$64.00 -> $61.00||Low|
|7/5/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$54.00||High|
|5/12/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$58.00||Medium|
|2/4/2017||Piper Jaffray Companies||Upgrade||Buy||$63.00||N/A|
|1/25/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||N/A|
|10/10/2016||Deutsche Bank AG||Upgrade||Sell -> Hold||$49.00 -> $52.00||N/A|
|5/18/2016||US Capital Advisors||Downgrade||Overweight -> Hold||N/A|
|5/5/2016||Goldman Sachs Group, Inc. (The)||Boost Price Target||Neutral||$28.00 -> $32.00||N/A|
|2/8/2016||Robert W. Baird||Downgrade||Outperform -> Neutral||$28.00 -> $24.00||N/A|
|1/22/2016||Oppenheimer Holdings, Inc.||Downgrade||Outperform -> Market Perform||N/A|
Earnings History for ONEOK (NYSE:OKE)Earnings History by Quarter for ONEOK (NYSE OKE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.45||$0.33||$2.64 billion||$2.73 billion||View||Listen|
|5/2/2017||Q1 2017||$0.45||$0.41||$2.82 billion||$2.75 billion||View||Listen|
|2/27/2017||Q416||$0.46||$0.43||$2.51 billion||$2.65 billion||View||N/A|
|11/1/2016||Q316||$0.45||$0.43||$2.08 billion||$2.36 billion||View||N/A|
|8/2/2016||Q216||$0.43||$0.40||$2.06 billion||$2.13 billion||View||N/A|
|5/3/2016||Q116||$0.41||$0.40||$1.95 billion||$1.77 billion||View||N/A|
|2/22/2016||Q415||$0.48||$0.12||$2.29 billion||$1.93 billion||View||Listen|
|11/3/2015||Q315||$0.40||$0.41||$2.46 billion||$1.90 billion||View||Listen|
|8/4/2015||Q215||$0.35||$0.36||$2.60 billion||$2.13 billion||View||Listen|
|5/5/2015||Q115||$0.36||$0.29||$2.71 billion||$1.81 billion||View||Listen|
|2/23/2015||Q4 14||$0.35||$0.35||$3.41 billion||$2.84 billion||View||Listen|
|11/4/2014||Q314||$0.63||$0.40||$3.71 billion||$3.12 billion||View||N/A|
|8/5/2014||Q214||$0.36||$0.33||$3.46 billion||$3.07 billion||View||Listen|
|5/6/2014||Q214||$0.38||$0.45||$3.40 billion||$3.16 billion||View||Listen|
|7/30/2013||Q2 2013||$0.28||$0.34||$3.27 billion||View||N/A|
|4/30/2013||Q1 2013||$0.60||$0.54||$3.75 billion||View||N/A|
|2/25/2013||Q4 2012||$0.46||$0.53||$3.31 billion||View||N/A|
Earnings Estimates for ONEOK (NYSE:OKE)
2017 EPS Consensus Estimate: $2.15
2018 EPS Consensus Estimate: $2.61
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for ONEOK (NYSE:OKE)
|Most Recent Dividend:||8/14/2017|
|Dividend Growth:||18.50% (3 Year Average)|
|Payout Ratio:||186.25% (Trailing 12 Months of Earnings) |
173.26% (Based on This Year's Estimates)
141.90% (Based on Next Year's Estimates)
|Track Record:||14 Years of Consecutive Dividend Growth|
Dividend History by Quarter for ONEOK (NYSE OKE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for ONEOK (NYSE:OKE)
Insider Ownership Percentage: 1.00%Insider Trades by Quarter for ONEOK (NYSE:OKE)
Institutional Ownership Percentage: 51.30%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/16/2017||Eduardo A Rodriguez||Director||Sell||2,000||$50.34||$100,680.00|| |
|3/17/2016||Brian L Derksen||Director||Buy||1,800||$30.33||$54,594.00|| |
|3/4/2016||Sheppard F Miers III||CAO||Sell||3,900||$27.51||$107,289.00|| |
|12/24/2015||Walter S Hulse III||EVP||Buy||15,000||$23.98||$359,700.00|| |
|5/8/2015||Eduardo A Rodriguez||Director||Sell||3,700||$44.74||$165,538.00|| |
|3/19/2015||Sheppard F Miers III||CAO||Sell||3,000||$46.84||$140,520.00|| |
|5/21/2014||Eduardo Rodriguez||Director||Sell||1,900||$63.51||$120,669.00|| |
|5/19/2014||Wesley John Christensen||SVP||Sell||11,693||$62.27||$728,123.11|| |
|8/9/2013||Eduardo Rodriguez||Director||Sell||1,900||$52.57||$99,883.00|| |
Headline Trends for ONEOK (NYSE:OKE)
Latest Headlines for ONEOK (NYSE:OKE)
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ONEOK (OKE) Chart for Sunday, October, 22, 2017