NYSE:OKE

ONEOK - OKE Stock Forecast, Price & News

$51.24

-0.74 (-1.42%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $51.03
▼
$52.27
50-Day Range: $50.58
▼
$66.65
52-Week Range: $50.50
▼
$75.07

Volume: 3.88 million shs
Average Volume: 2.67 million shs
Market Capitalization: $22.90 billion

P/E Ratio: 14.56
Dividend Yield: 7.20%
Price Target: $68.64

ONEOK MarketRank™ Forecast

Analyst Rating: Hold
2.08 Rating Score
Upside/Downside: 34.0% Upside
$68.64 Price Target
Short Interest: Healthy
1.57% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -5.51
Upright™ Environmental Score
News Sentiment: 0.01
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.36%
From $3.71 to $4.28 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

Oils/Energy Sector

60th out of 258 stocks

Gas Transmission & Distribution Industry

2nd out of 6 stocks

3.0

Analyst's Opinion

Consensus Rating
ONEOK has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 2 buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $68.64, ONEOK has a forecasted upside of 34.0% from its current price of $51.24.
Amount of Analyst Coverage
ONEOK has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.57% of the float of ONEOK has been sold short.
Short Interest Ratio / Days to Cover
ONEOK has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ONEOK has recently increased by 4.35%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
ONEOK is a leading dividend payer. It pays a dividend yield of 7.20%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ONEOK has been increasing its dividend for 18 years.
Dividend Coverage
The dividend payout ratio of ONEOK is 106.25%. 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 87.38% in the coming year. This indicates that ONEOK may not be able to sustain their current dividend.

0.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ONEOK has received a -53.54% net impact score from Upright. The largest negative impact of Oneok in category "GHG emissions" seems to be driven mostly by its "Natural gas distribution services", "Natural gas distribution equipment", and "Natural gas handling services" products. See details.
Environmental Sustainability
The Environmental Impact score for ONEOK is -5.51.

2.2

News and Social Media Coverage

News Sentiment
ONEOK has a news sentiment score of 0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for ONEOK this week, compared to 7 articles on an average week.
Search Interest
63 people have searched for OKE on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.
MarketBeat Follows
32 people have added ONEOK to their MarketBeat watchlist in the last 30 days. This is an increase of 7% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ONEOK insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.65% of the stock of ONEOK is held by insiders.
Percentage Held by Institutions
66.82% of the stock of ONEOK is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for ONEOK are expected to grow by 15.36% in the coming year, from $3.71 to $4.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ONEOK is 14.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of ONEOK is 14.56, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 42.40.
Price to Earnings Growth Ratio
ONEOK has a PEG Ratio of 1.86. 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 3.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ONEOK (NYSE:OKE) Stock

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 Kansas, 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 connected to NGL fractionation, storage, 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. It operates 17,500 miles of natural gas gathering pipelines; 1,500 miles of FERC-regulated interstate natural gas pipelines; 5,100 miles of state-regulated intrastate transmission pipeline; six NGL storage facilities; and eight NGL product terminals. 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; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.

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OKE Stock News Headlines

October 1, 2022 | americanbankingnews.com

ONEOK, Inc. (NYSE:OKE) Receives Consensus Rating of "Hold" from Brokerages

September 27, 2022 | seekingalpha.com

ONEOK Stock: The Margin Of Safety May Not Be Enough For Recession - Seeking Alpha

September 27, 2022 | seekingalpha.com

ONEOK Stock: A Smart 7.4% Yield To Turbocharge Your Retirement (NYSE:OKE) - Seeking Alpha

September 21, 2022 | benzinga.com

Here's How Much $1000 Invested In ONEOK 20 Years Ago Would Be Worth Today - ONEOK (NYSE:OKE) - Benzinga

September 18, 2022 | finance.yahoo.com

Institutional investors may overlook ONEOK, Inc.'s (NYSE:OKE) recent US$1.0b market cap drop as long-term gains remain positive

September 15, 2022 | investors.com

CF Industries Stock, Core & Main And Oneok Are Among 15 New IBD Watchlist-Worthy Stocks Today - Investor's Business Daily

September 13, 2022 | investors.com

DVN Stock Primes Buy Point As Devon Energy Looks To Transform America's Heartland | Investor's Business Daily - Investor's Business Daily

September 12, 2022 | finance.yahoo.com

Janet L. Hogan Joins ONEOK as Senior Vice President, Chief Human Resources Officer

September 12, 2022 | 247wallst.com

OPEC Could Cut Production 1 Million Barrels per Day: 6 Energy Stocks to Buy Now Yielding 6% and More - 24/7 Wall St.

September 8, 2022 | seekingalpha.com

2 Brand New High-Yield Bear Market Blue-Chip Buys - Seeking Alpha

September 7, 2022 | benzinga.com

Oneok (OKE), Williams Companies (WMB) – Energy Leaders Invest $60 Million to Transform America's Heartlan - Benzinga

September 7, 2022 | bloomberg.com

Kaiser Nonprofit Teams With Devon to Lure Tech Jobs to Oklahoma - Bloomberg

September 4, 2022 | nasdaq.com

What ONEOK, Inc.'s (NYSE:OKE) ROE Can Tell Us - Nasdaq

September 2, 2022 | benzinga.com

Oneok (OKE) – Here's How Much You Would Have Made Owning ONEOK Stock In The Last 20 Years - Benzinga

September 1, 2022 | benzinga.com

Oneok (OKE) – How Is The Market Feeling About ONEOK? - Benzinga

August 31, 2022 | nasdaq.com

OKE Fireside Chat Highlights Positive Differentiators

August 31, 2022 | finance.yahoo.com

Top Dividend Stocks: Oneok Checks the Boxes With A Sizable 6% Yield

August 30, 2022 | seekingalpha.com

ONEOK Stock: Yielding 5.77%, Could Be Prime For An Acquisition (NYSE:OKE) - Seeking Alpha

August 28, 2022 | finance.yahoo.com

Here's Why ONEOK (NYSE:OKE) Has Caught The Eye Of Investors

August 23, 2022 | nasdaq.com

3 High-Yield Dividend Stocks To Watch This Week - Nasdaq

August 23, 2022 | barrons.com

4 Energy Stocks That Climbed as Gasoline Prices Fell - Barron's

August 18, 2022 | nasdaq.com

April 2023 Options Now Available For ONEOK - Nasdaq

August 18, 2022 | 247wallst.com

7 Highest-Yielding S&P 500 Stocks to Grab Now as the Bear Market Rally Wilts - 24/7 Wall St.

August 14, 2022 | nasdaq.com

Here's Why We Think CF Industries Holdings (NYSE:CF) Is Well Worth Watching - Nasdaq

August 14, 2022 | finance.yahoo.com

Need To Know: Analysts Are Much More Bullish On ONEOK, Inc. (NYSE:OKE) Revenues

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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OKE Company Calendar

Ex-Dividend for 8/15 Dividend: 7/29/2022
Last Earnings: 8/08/2022
Dividend Payable: 8/15/2022
Today: 10/02/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gas transmission & distribution
Sub-Industry: Gas Utilities
Sector: Oils/Energy
Current Symbol: NYSE:OKE
CUSIP: 68268010
CIK: 1039684
Web: www.oneok.com
Phone: (918) 588-7000
Fax: 918-588-7273
Employees: 2,847
Year Founded: 1906

Price Target and Rating

Average Stock Price Forecast: $68.64
High Stock Price Forecast: $78.00
Low Stock Price Forecast: $62.00
Forecasted Upside/Downside: +34.0%
Consensus Rating: Hold
Rating Score (0-4): 2.08
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.52
Trailing P/E Ratio: 14.56
Forward P/E Ratio: 13.81
P/E Growth: 1.86
Net Income: $1.50 billion
Net Margins: 7.37%
Pretax Margin: 9.73%
Return on Equity: 26.32%
Return on Assets: 6.57%

Debt

Debt-to-Equity Ratio: 2.11
Current Ratio: 0.83
Quick Ratio: 0.62

Sales & Book Value

Annual Sales: $16.54 billion
Price / Sales: 1.38
Cash Flow: $4.69 per share
Price / Cash Flow: 10.93
Book Value: $13.49 per share
Price / Book: 3.80

Miscellaneous

Outstanding Shares: 446,860,000
Free Float: 443,957,000
Market Cap: $22.90 billion
Optionable: Optionable
Beta: 1.68

Social Links

Key Executives

Mr. Pierce H. Norton II (Age 62)
Pres, CEO & Director
Comp: $1.33M

Mr. Walter S. Hulse III (Age 58)
CFO, Treasurer and Exec. VP of Investor Relations & Corp. Devel.
Comp: $1.59M

Mr. Robert F. Martinovich (Age 64)
Exec. VP & Chief Admin. Officer
Comp: $1.29M

Mr. Sheridan C. Swords (Age 53)
Sr. VP of Natural Gas Liquids, Gathering & Processing
Comp: $1.19M

Mr. Kevin L. Burdick (Age 57)
Exec. VP & Chief Commercial Officer
Comp: $1.4M

Mr. Scott D. Schingen
Sr. VP of Operations

Ms. Mary M. Spears (Age 42)
Sr. VP and Chief Accounting Officer of Fin. & Tax.

Mr. Stephen B. Allen J.D. (Age 48)
Sr. VP, Gen. Counsel & Assistant Sec.

Mr. J. Darren Wallis
Sr. VP of Communications & Community Relations

Ms. Janet L. Hogan (Age 58)
Sr. VP & Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OKE Stock - Frequently Asked Questions

Should I buy or sell ONEOK stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 1 sell rating, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" OKE shares. 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 OKE analyst ratings or view top-rated stocks.
What is ONEOK's stock price forecast for 2022?: 12 brokers have issued 12 month target prices for ONEOK's stock. Their OKE share price forecasts range from $62.00 to $78.00. On average, they anticipate the company's share price to reach $68.64 in the next twelve months. This suggests a possible upside of 34.0% from the stock's current price.
View analysts price targets for OKE or view top-rated stocks among Wall Street analysts.
How have OKE shares performed in 2022?: ONEOK's stock was trading at $58.76 at the start of the year. Since then, OKE shares have decreased by 12.8% and is now trading at $51.24.
View the best growth stocks for 2022 here.
When is ONEOK's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our OKE earnings forecast.
How were ONEOK's earnings last quarter?: ONEOK, Inc. (NYSE:OKE) posted its earnings results on Monday, August, 8th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The utilities provider had revenue of $6 billion for the quarter, compared to analysts' expectations of $5.18 billion. ONEOK had a trailing twelve-month return on equity of 26.32% and a net margin of 7.37%. The firm's revenue was up 76.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share.
Read the conference call transcript.
How often does ONEOK pay dividends? What is the dividend yield for ONEOK?: ONEOK announced a quarterly dividend on Wednesday, July 20th. Shareholders of record on Monday, August 1st will be paid a dividend of $0.935 per share on Monday, August 15th. This represents a $3.74 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Friday, July 29th.
Read our dividend analysis for OKE.
Is ONEOK a good dividend stock?: ONEOK (NYSE:OKE) pays an annual dividend of $3.74 per share and currently has a dividend yield of 7.20%. OKE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 106.25%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, OKE will have a dividend payout ratio of 87.38% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for OKE.
What guidance has ONEOK issued on next quarter's earnings?: ONEOK updated its FY 2022 earnings guidance on Tuesday, September, 6th. The company provided earnings per share guidance of $3.45-$4.07 for the period, compared to the consensus earnings per share estimate of $3.79. The company issued revenue guidance of -.

What is Terry K. Spencer's approval rating as ONEOK's CEO?: 62 employees have rated ONEOK Chief Executive Officer Terry K. Spencer on Glassdoor.com. Terry K. Spencer has an approval rating of 89% among the company's employees.
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."
How do I buy shares of ONEOK?: Shares of OKE stock 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 $51.24.
How much money does ONEOK make?: ONEOK (NYSE:OKE) has a market capitalization of $22.90 billion and generates $16.54 billion in revenue each year. The utilities provider earns $1.50 billion in net income (profit) each year or $3.52 on an earnings per share basis.
How many employees does ONEOK have?: The company employs 2,847 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.
Read More
How can I contact ONEOK?: ONEOK's mailing address is 100 WEST 5TH ST, TULSA OK, 74103. The official website for the company is www.oneok.com. The utilities provider can be reached via phone at (918) 588-7000, via email at oneokinvestorrelations@oneok.com, or via fax at 918-588-7273.

This page (NYSE:OKE) was last updated on 10/2/2022 by MarketBeat.com Staff

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ONEOK - OKE Stock Forecast, Price & News

ONEOK MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows