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NYSE:OKE - ONEOK Stock Price, Forecast & News

$20.94
-3.42 (-14.04 %)
(As of 03/29/2020 02:00 AM ET)
Today's Range
$20.49
Now: $20.94
$23.60
50-Day Range
$15.07
MA: $55.85
$77.52
52-Week Range
$12.16
Now: $20.94
$78.48
Volume7.80 million shs
Average Volume10.05 million shs
Market Capitalization$8.65 billion
P/E Ratio6.82
Dividend Yield15.35%
Beta1.18
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.
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ONEOK logo

Industry, Sector and Symbol

Industry Gas transmission & distribution
Sub-IndustryGas Utilities
SectorUtilities
CUSIP68268010
Phone918-588-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.16 billion
Cash Flow$3.65 per share
Book Value$15.07 per share

Profitability

Net Income$1.28 billion

Miscellaneous

Employees2,882
Market Cap$8.65 billion
Next Earnings Date5/5/2020 (Estimated)
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 reached pandemic status according to the World Health Organization (WHO). Since then, OKE stock has decreased by 41.7% and is now trading at $20.94. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of ONEOK?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 1 sell rating, 7 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, May 5th 2020. View our earnings forecast for ONEOK.

How were ONEOK's earnings last quarter?

ONEOK, Inc. (NYSE:OKE) issued its earnings results on Monday, February, 24th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.77. The utilities provider earned $2.66 billion during the quarter, compared to the consensus estimate of $2.72 billion. ONEOK had a return on equity of 20.27% and a net margin of 12.58%. The firm's quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the firm 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. Stockholders 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 annualized dividend and a yield of 17.86%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase 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?

19 equities research analysts have issued 1-year price targets for ONEOK's shares. Their forecasts range from $50.00 to $84.00. On average, they anticipate ONEOK's stock price to reach $74.12 in the next twelve months. This suggests a possible upside of 253.9% from the stock's current price. View analysts' price targets for ONEOK.

Has ONEOK been receiving favorable news coverage?

News headlines about OKE stock have trended negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. ONEOK earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press 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 drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,589,900 shares, a drop of 7.1% from the February 27th total of 11,400,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.6% of the company's shares are short sold. View ONEOK's Current Options Chain.

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), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), Enterprise Products Partners (EPD), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Pfizer (PFE), JPMorgan Chase & Co. (JPM) 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 investors include State Street Corp (5.26%), Tortoise Capital Advisors L.L.C. (3.38%), Geode Capital Management LLC (1.55%), Kayne Anderson Capital Advisors LP (1.52%), Bank of New York Mellon Corp (1.40%) and Capital Research Global Investors (0.90%). 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., Kayne Anderson Capital Advisors LP, State of Tennessee Treasury Department, Pinebridge Investments L.P., Brookfield Public Securities Group LLC, Teacher Retirement System of Texas, Eagle Global Advisors LLC, and Scout Investments Inc.. 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 Norges Bank, State Street Corp, M&G Investment Management Ltd., 1832 Asset Management L.P., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Capital Research Global Investors, Lord Abbett & CO. LLC, and Teilinger Capital Ltd.. 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 $20.94.

How big of a company is ONEOK?

ONEOK has a market capitalization of $8.65 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]


MarketBeat Community Rating for ONEOK (NYSE OKE)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  460 (Vote Outperform)
Underperform Votes:  600 (Vote Underperform)
Total Votes:  1,060
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.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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