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Oneok Inc (OKE)
NYSE:OKE
Oneok (OKE) Stock Price & Analysis
3,044 Followers
OKE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$57.26 - $83.31
Previous Close$81.72
Volume1.84M
Average Volume (3M)2.62M
Market Cap
$47.70B
Enterprise Value$69.12B
Total Cash (Recent Filing)$338.00M
Total Debt (Recent Filing)$21.76B
Price to Earnings (P/E)19.0
Beta0.84
Next Earnings
Jul 30, 2024EPS Estimate
$1.19Last Dividend Ex-Date
Apr 30, 2024Dividend Yield4.77%
Share Statistics
EPS (TTM)4.30
Shares Outstanding583,646,909
10 Day Avg. Volume2,917,647
30 Day Avg. Volume2,622,019
Standard Deviation0.13
R-Squared0.42
Alpha0.00189
Financial Highlights & Ratios
Price to Book (P/B)4.56
Price to Sales (P/S)2.64
Price to Cash Flow (P/CF)7.70
P/FCF Ratio10.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.08
Enterprise Value/Gross Profit13.88
Enterprise Value/Ebitda18.90
Forecast
1Y Price Target
$86.10Price Target Upside4.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Oneok News
PremiumCompany Announcements
Oneok Provides Online Access to 2023 Schedule K-3s
PremiumCompany Announcements
Oneok to Discuss Financial Strategies at Bernstein Conference
PremiumCompany Announcements
Oneok Inc Engages in Citi Energy Conference, Updates InvestorsBulls Say, Bears Say
Bulls Say
AcquisitionsOKE closed on the acquisition of ~450 miles of pipelines from Easton Energy, which is expected to yield a 4x EBITDA multiple over time.
EarningsOKE raised its 2024 EBITDA guidance by $75MM, signaling the softer Q1 was already reflected in guidance.
Financial PerformanceIncreased scale, material product mix diversification, and enhanced cash flow resiliency for OKE with MMP now in the portfolio.
Bears Say
EarningsQ1 results missed due to weather, but the shortfall was largely expected.
Operational Performance1Q24 volumes were lower than expected in 'NGL Pipelines' and 'G&P' due to acute winter weather events in the Bakken and Permian.
ValuationThe most pervasive issue for investors is OKE's premium EV/EBITDA multiple (10.5x ’25 EBITDA).
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Ownership Overview
0.87% Insiders
20.37% Mutual Funds
29.24% Other Institutional Investors
49.52% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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OKE FAQ
What was Oneok Inc’s price range in the past 12 months?
Oneok Inc lowest stock price was $57.26 and its highest was $83.31 in the past 12 months.
What is Oneok Inc’s market cap?
Currently, no data Available
When is Oneok Inc’s upcoming earnings report date?
Oneok Inc’s upcoming earnings report date is Jul 30, 2024 which is in 27 days.
How were Oneok Inc’s earnings last quarter?
Oneok Inc released its earnings results on Apr 30, 2024. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.154 by -$0.064.
Is Oneok Inc overvalued?
According to Wall Street analysts Oneok Inc’s price is currently Undervalued.
Does Oneok Inc pay dividends?
Oneok Inc pays a Quarterly dividend of $0.99 which represents an annual dividend yield of 4.77%. See more information on Oneok Inc dividends here
What is Oneok Inc’s EPS estimate?
Oneok Inc’s EPS estimate is $1.19.
How many shares outstanding does Oneok Inc have?
Oneok Inc has 583,646,900 shares outstanding.
What happened to Oneok Inc’s price movement after its last earnings report?
Oneok Inc reported an EPS of $1.09 in its last earnings report, missing expectations of $1.154. Following the earnings report the stock price went down -2.781%.
Which hedge fund is a major shareholder of Oneok Inc?
Among the largest hedge funds holding Oneok Inc’s share is First Eagle Investment Management LLC. It holds Oneok Inc’s shares valued at 278M.
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Oneok Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$86.10 (4.58% Upside)
$86.10 (4.58% Upside)
Blogger Sentiment
Bullish
OKE Sentiment 88%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 346.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 4.4%
Last 30 Days ▼ 4.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
39.94%
12-Months-Change
Fundamentals
Return on Equity
19.08%
Trailing 12-Months
Asset Growth
81.45%
Trailing 12-Months
Company Description
Oneok Inc
ONEOK, Inc. engages in gathering, processing, fractionating, transporting, storing, and marketing of natural gas. It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment offers midstream services to 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 Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins, where it provides midstream services to producers of NGLs and deliver those products to the two primary market centers, one in the Mid-Continent in Conway, Kansas, and the other in the Gulf Coast in Mont Belvieu, Texas. The Natural Gas Pipelines segment provides transportation and storage services to end users. The company was founded in 1906 and is headquartered in Tulsa, OK.
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OKE Company Deck
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OKE Earnings Call
Q1 2024
0:00 / 0:00
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OKE Revenue Breakdown
80.14% Liquids commodity sales
8.13% Residue natural gas
7.39% Transportation and storage
3.94% Gathering, processing and exchange services
0.40% Other
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OKE Stock 12 Month Forecast
Average Price Target
$86.10
▲(4.58% Upside)
Technical Analysis
Best Analysts Covering OKE
1 Year
1 Year Success Rate
16/17 ratings generated profit
1 Year Average Return
+21.17%
assigned a buy rating 2 months ago
Copying Michael Blum's trades and holding each position for 1 Year would result in 94.12% of your transactions generating a profit, with an average return of +21.17% per trade.
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