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NYSE:OKE

ONEOK Stock Forecast, Price & News

$47.77
+0.88 (+1.88 %)
(As of 03/3/2021 12:00 AM ET)
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Today's Range
$47.29
Now: $47.77
$49.40
50-Day Range
$39.83
MA: $43.82
$47.47
52-Week Range
$12.16
Now: $47.77
$70.71
Volume2.82 million shs
Average Volume3.05 million shs
Market Capitalization$21.26 billion
P/E Ratio32.95
Dividend Yield7.98%
Beta1.99
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 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.
ONEOK logo

Headlines

ONEOK Offers A Decent Reward For The Risk
February 28, 2021 |  seekingalpha.com
ONEOK Offers A Decent Reward For The Risk - Seeking Alpha
February 28, 2021 |  seekingalpha.com
ONE Gas (OGS) Beats Q4 Earnings Estimates, Adds Customers
February 26, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Gas transmission & distribution
Sub-IndustryGas Utilities
SectorUtilities
CUSIP68268010
Phone918-588-7000
Employees2,882
Year Founded1906

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.16 billion
Cash Flow$4.64 per share
Book Value$15.07 per share

Profitability

Net Income$1.28 billion

Miscellaneous

Market Cap$21.26 billion
Next Earnings Date4/27/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.58 out of 5 stars

Utilities Sector

77th out of 276 stocks

Gas Transmission & Distribution Industry

4th out of 9 stocks

Analyst Opinion: 2.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$47.77
+0.88 (+1.88 %)
(As of 03/3/2021 12:00 AM ET)
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ONEOK (NYSE:OKE) Frequently Asked Questions

Is ONEOK a buy right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 3 sell ratings, 14 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ONEOK stock. 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 analyst ratings for ONEOK
or view top-rated stocks.

What stocks does MarketBeat like better than ONEOK?

Wall Street analysts have given ONEOK a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but ONEOK wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is ONEOK's next earnings date?

ONEOK is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for ONEOK
.

How were ONEOK's earnings last quarter?

ONEOK, Inc. (NYSE:OKE) released its quarterly earnings results on Sunday, February, 21st. The utilities provider reported $0.69 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.74 by $0.05. The utilities provider earned $2.57 billion during the quarter, compared to analysts' expectations of $2.61 billion. ONEOK had a trailing twelve-month return on equity of 18.38% and a net margin of 7.24%. ONEOK's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share.
View ONEOK's earnings history
.

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. Since then, OKE shares have increased by 32.9% and is now trading at $47.77.
View which stocks have been most impacted by COVID-19
.

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

ONEOK declared a quarterly dividend on Wednesday, January 20th. Investors of record on Monday, February 1st will be given a dividend of $0.935 per share on Friday, February 12th. This represents a $3.74 annualized dividend and a yield of 7.83%. The ex-dividend date of this dividend is Friday, January 29th.
View ONEOK's dividend history
.

Is ONEOK a good dividend stock?

ONEOK pays an annual dividend of $3.74 per share and currently has a dividend yield of 7.98%. OKE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. ONEOK does not yet have a strock track record of dividend growth. The dividend payout ratio of ONEOK is 121.82%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ONEOK will have a dividend payout ratio of 129.41% in the coming year. This indicates that ONEOK may not be able to sustain their current dividend.
View ONEOK's dividend history.

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

ONEOK updated its FY21 earnings guidance on Monday, February, 22nd. The company provided earnings per share guidance of $2.40-3.08 for the period, compared to the Thomson Reuters consensus estimate of $3.00.

What price target have analysts set for OKE?

22 brokerages have issued 1 year target prices for ONEOK's shares. Their forecasts range from $26.00 to $49.00. On average, they expect ONEOK's share price to reach $37.25 in the next twelve months. This suggests that the stock has a possible downside of 22.0%.
View analysts' price targets for ONEOK
or view top-rated stocks among Wall Street analysts.

Who are ONEOK's key executives?

ONEOK's management team includes the following people:
  • Mr. Terry K. Spencer, Pres, CEO & Director (Age 62, Pay $2.51M)
  • Mr. Walter S. Hulse III, CFO, Treasurer and Exec. VP of Strategy & Corp. Affairs (Age 57, Pay $1.25M) (LinkedIn Profile)
  • Mr. Kevin L. Burdick, Exec. VP & COO (Age 56, Pay $1.23M) (LinkedIn Profile)
  • Mr. Robert F. Martinovich, Exec. VP & Chief Admin. Officer (Age 63, Pay $1.2M) (LinkedIn Profile)
  • Mr. Sheridan C. Swords, Sr. VP of Natural Gas Liquids (Age 52, Pay $1.05M) (LinkedIn Profile)
  • Ms. Mary M. Spears, VP & Chief Accounting Officer (Age 41) (LinkedIn Profile)
  • Mr. Andrew J. Ziola, VP of Investor Relations & Corp. Affairs
  • Mr. Stephen B. Allen J.D., Sr. VP, Gen. Counsel & Assistant Sec. (Age 47) (LinkedIn Profile)
  • Mr. Charles M. Kelley, Sr. VP of Natural Gas (Age 62) (LinkedIn Profile)
  • Mr. Patrick W. Cipolla, VP, Associate Gen. Counsel & Corp. Sec.

What is Terry K. Spencer's approval rating as ONEOK's CEO?

62 employees have rated ONEOK CEO Terry K. Spencer on Glassdoor.com. Terry K. Spencer has an approval rating of 89% among ONEOK's employees.

Who are some of ONEOK's key 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), 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.72%), Bank of New York Mellon Corp (2.04%), Charles Schwab Investment Management Inc. (1.45%), Northern Trust Corp (1.16%), Morgan Stanley (0.94%) and Norges Bank (0.79%). 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 Prudential PLC, M&G Investment Management Ltd., JPMorgan Chase & Co., Voloridge Investment Management LLC, Duality Advisers LP, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., and Squarepoint Ops LLC.
View insider buying and selling activity for ONEOK
or view top insider-selling stocks.

Which major investors are buying ONEOK stock?

OKE stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Morgan Stanley, Amundi Pioneer Asset Management Inc., Charles Schwab Investment Management Inc., Dimensional Fund Advisors LP, Eagle Global Advisors LLC, Mackenzie Financial Corp, and AMF Pensionsforsakring AB. 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
or or view top insider-buying stocks.

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 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 $47.77.

How much money does ONEOK make?

ONEOK has a market capitalization of $21.26 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.

How many employees does ONEOK have?

ONEOK employs 2,882 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.

When was ONEOK founded?

ONEOK was founded in 1906.

What is ONEOK's official website?

The official website for ONEOK is www.oneok.com.

Where are ONEOK's headquarters?

ONEOK is headquartered at 100 WEST 5TH ST, TULSA OK, 74103.

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 3/4/2021 by MarketBeat.com Staff

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