ONEOK Company Profile (NYSE:OKE)

About ONEOK (NYSE:OKE)

ONEOK logoONEOK, 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
Capitalization:
  • Market Cap: $21.28 billion
  • Outstanding Shares: 380,008,000
Average Prices:
  • 50 Day Moving Avg: $55.95
  • 200 Day Moving Avg: $53.23
  • 52 Week Range: $45.41 - $59.47
P/E:
  • Trailing P/E Ratio: 35.09
  • Foreward P/E Ratio: 26.67
  • P/E Growth: 3.38
Sales & Book Value:
  • Annual Revenue: $10.49 billion
  • Price / Sales: 2.03
  • Book Value: $14.23 per share
  • Price / Book: 3.94
Dividend:
  • Annual Dividend: $2.98
  • Dividend Yield: 5.3%
Profitability:
  • EBITDA: $1.68 billion
  • Net Margins: 3.26%
  • Return on Equity: 8.62%
  • Return on Assets: 2.11%
Debt:
  • Debt-to-Equity Ratio: 1.41%
  • Current Ratio: 0.51%
  • Quick Ratio: 0.41%
Misc:
  • 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. Shareholders 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 yield of 5.32%. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase 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) posted its 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 business had revenue of $2.73 billion for the quarter, compared to the consensus estimate 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 company earned $0.40 EPS. View ONEOK's Earnings History.

When will ONEOK make its next earnings announcement?

ONEOK is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for ONEOK.

Where is ONEOK's stock going? Where will ONEOK's stock price be in 2017?

13 brokerages have issued 1 year target prices for ONEOK's stock. Their predictions range from $52.00 to $63.00. On average, they expect ONEOK's share price to reach $58.33 in the next twelve months. 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?

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 a variety of of retail and institutional investors. Top institutional investors 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?

ONEOK's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Quotient Investors LLC. View Insider Buying and Selling for ONEOK.

Who bought ONEOK stock? Who is buying ONEOK stock?

ONEOK's stock was purchased 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?

One share of ONEOK stock can currently be purchased for approximately $56.00.


MarketBeat Community Rating for ONEOK (NYSE OKE)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  210 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  541
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.

Analyst Ratings

Consensus Ratings for ONEOK (NYSE:OKE) (How are Consensus Ratings Calculated?)
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)
Price Target History for ONEOK (NYSE:OKE)
Analysts' Ratings History for ONEOK (NYSE:OKE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017BMO Capital MarketsSet Price TargetBuy$62.00N/AView Rating Details
10/12/2017Stifel NicolausReiterated RatingHold$54.00N/AView Rating Details
10/10/2017MizuhoInitiated CoverageNeutral$59.00N/AView Rating Details
9/11/2017J P Morgan Chase & CoReiterated RatingUnderweight -> Neutral$58.00LowView Rating Details
9/5/2017Barclays PLCInitiated CoverageEqual Weight$58.00LowView Rating Details
9/1/2017Jefferies Group LLCReiterated RatingHold$51.00 -> $52.00LowView Rating Details
8/24/2017ArgusReiterated RatingBuy$55.00 -> $59.00LowView Rating Details
8/3/2017Credit Suisse GroupLower Price TargetOutperform$64.00 -> $61.00LowView Rating Details
7/5/2017Morgan StanleyDowngradeOverweight -> Equal Weight$54.00HighView Rating Details
5/12/2017Royal Bank Of CanadaReiterated RatingHold$58.00MediumView Rating Details
4/17/2017GuggenheimInitiated CoverageBuy$62.00LowView Rating Details
2/4/2017Piper Jaffray CompaniesUpgradeBuy$63.00N/AView Rating Details
1/25/2017Citigroup Inc.DowngradeBuy -> NeutralN/AView Rating Details
10/10/2016Deutsche Bank AGUpgradeSell -> Hold$49.00 -> $52.00N/AView Rating Details
5/18/2016US Capital AdvisorsDowngradeOverweight -> HoldN/AView Rating Details
5/5/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$28.00 -> $32.00N/AView Rating Details
4/2/2016SimmonsInitiated CoverageHoldN/AView Rating Details
2/8/2016Robert W. BairdDowngradeOutperform -> Neutral$28.00 -> $24.00N/AView Rating Details
1/22/2016Oppenheimer Holdings, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for ONEOK (NYSE:OKE)
Earnings by Quarter for ONEOK (NYSE:OKE)
Earnings History by Quarter for ONEOK (NYSE OKE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017$0.49N/AView Earnings Details
8/1/2017Q2 2017$0.45$0.33$2.64 billion$2.73 billionViewListenView Earnings Details
5/2/2017Q1 2017$0.45$0.41$2.82 billion$2.75 billionViewListenView Earnings Details
2/27/2017Q416$0.46$0.43$2.51 billion$2.65 billionViewN/AView Earnings Details
11/1/2016Q316$0.45$0.43$2.08 billion$2.36 billionViewN/AView Earnings Details
8/2/2016Q216$0.43$0.40$2.06 billion$2.13 billionViewN/AView Earnings Details
5/3/2016Q116$0.41$0.40$1.95 billion$1.77 billionViewN/AView Earnings Details
2/22/2016Q415$0.48$0.12$2.29 billion$1.93 billionViewListenView Earnings Details
11/3/2015Q315$0.40$0.41$2.46 billion$1.90 billionViewListenView Earnings Details
8/4/2015Q215$0.35$0.36$2.60 billion$2.13 billionViewListenView Earnings Details
5/5/2015Q115$0.36$0.29$2.71 billion$1.81 billionViewListenView Earnings Details
2/23/2015Q4 14$0.35$0.35$3.41 billion$2.84 billionViewListenView Earnings Details
11/4/2014Q314$0.63$0.40$3.71 billion$3.12 billionViewN/AView Earnings Details
8/5/2014Q214$0.36$0.33$3.46 billion$3.07 billionViewListenView Earnings Details
5/6/2014Q214$0.38$0.45$3.40 billion$3.16 billionViewListenView Earnings Details
2/24/2014Q114$0.68$0.43$4.01 billionViewN/AView Earnings Details
11/5/2013Q413$0.29$0.35$3.60 billionViewN/AView Earnings Details
7/30/2013Q2 2013$0.28$0.34$3.27 billionViewN/AView Earnings Details
4/30/2013Q1 2013$0.60$0.54$3.75 billionViewN/AView Earnings Details
2/25/2013Q4 2012$0.46$0.53$3.31 billionViewN/AView Earnings Details
10/30/2012$0.32$0.31ViewN/AView Earnings Details
7/31/2012$0.33$0.29ViewN/AView Earnings Details
5/1/2012$1.35$1.16ViewN/AView Earnings Details
11/1/2011$0.55$0.57ViewN/AView Earnings Details
8/2/2011$0.54$0.51ViewN/AView Earnings Details
5/3/2011$1.32$1.19ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for ONEOK (NYSE:OKE)
2017 EPS Consensus Estimate: $2.15
2018 EPS Consensus Estimate: $2.61
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.36$0.76$0.56
Q2 20172$0.33$0.42$0.38
Q3 20172$0.44$0.75$0.60
Q4 20172$0.45$0.78$0.62
Q1 20182$0.44$0.82$0.63
Q2 20182$0.45$0.82$0.64
Q3 20182$0.47$0.84$0.66
Q4 20182$0.50$0.88$0.69
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for ONEOK (NYSE:OKE)
Most Recent Dividend:8/14/2017
Annual Dividend:$2.98
Dividend Yield:5.32%
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 Payments by Quarter for ONEOK (NYSE:OKE)

Dividend History by Quarter for ONEOK (NYSE OKE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2017quarterly$0.755.4%8/3/20178/7/20178/14/2017
4/20/2017quarterly$0.624.6%4/27/20175/1/20175/15/2017
1/18/2017quarterly$0.624.4%1/26/20171/30/20172/14/2017
10/19/2016quarterly$0.624.83%10/27/201610/31/201611/14/2016
7/28/2016quarterly$0.625.49%8/4/20168/15/20168/14/2016
4/21/2016quarterly$0.626.87%4/28/20165/2/20165/13/2016
1/21/2016quarterly$0.629.8%1/28/20162/1/20162/12/2016
10/21/2015quarterly$0.626.71%10/29/201511/2/201511/13/2015
7/23/2015quarterly$0.616.42%7/30/20158/3/20158/14/2015
4/16/2015quarterly$0.614.88%4/28/20154/30/20155/15/2015
1/14/2015quarterly$0.615.72%1/28/20151/30/20152/13/2015
10/22/2014quarterly$0.593.9%10/30/201411/3/201411/14/2014
7/23/2014quarterly$0.583.39%7/31/20148/4/20148/14/2014
4/17/2014quarterly$0.563.63%4/28/20144/30/20145/15/2014
1/15/2014quarterly$0.402.4%2/6/20142/10/20142/18/2014
10/23/2013quarterly$0.382.7%10/31/201311/4/201311/14/2013
7/24/2013quarterly$0.382.83%8/1/20138/5/20138/15/2013
4/18/2013quarterly$0.362.8%4/26/20134/30/20135/15/2013
1/16/2013quarterly$0.363.1%1/29/20131/31/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for ONEOK (NYSE:OKE)
Insider Ownership Percentage: 1.00%
Institutional Ownership Percentage: 51.30%
Insider Trades by Quarter for ONEOK (NYSE:OKE)
Institutional Ownership by Quarter for ONEOK (NYSE:OKE)
Insider Trades by Quarter for ONEOK (NYSE:OKE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/16/2017Eduardo A RodriguezDirectorSell2,000$50.34$100,680.00View SEC Filing  
3/17/2016Brian L DerksenDirectorBuy1,800$30.33$54,594.00View SEC Filing  
3/4/2016Sheppard F Miers IIICAOSell3,900$27.51$107,289.00View SEC Filing  
12/24/2015Walter S Hulse IIIEVPBuy15,000$23.98$359,700.00View SEC Filing  
5/8/2015Eduardo A RodriguezDirectorSell3,700$44.74$165,538.00View SEC Filing  
3/19/2015Sheppard F Miers IIICAOSell3,000$46.84$140,520.00View SEC Filing  
5/21/2014Eduardo RodriguezDirectorSell1,900$63.51$120,669.00View SEC Filing  
5/19/2014Wesley John ChristensenSVPSell11,693$62.27$728,123.11View SEC Filing  
8/9/2013Eduardo RodriguezDirectorSell1,900$52.57$99,883.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for ONEOK (NYSE:OKE)
Latest Headlines for ONEOK (NYSE:OKE)
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ONEOK (OKE) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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