Oneok Inc Stock Today

OKE Stock  USD 80.17  0.57  0.72%   

Performance

16 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 24

 
100  
 
Zero
Low
ONEOK is trading at 80.17 as of the 28th of March 2024, a 0.72 percent up since the beginning of the trading day. The stock's lowest day price was 79.51. ONEOK has about a 24 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for ONEOK Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
1st of July 1985
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma. Oneok operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. The company has 583.16 M outstanding shares of which 10.76 M shares are now shorted by investors with about 3.45 days to cover. More on ONEOK Inc

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ONEOK Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ONEOK's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ONEOK or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, ONEOK's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ONEOK's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOPierce Norton
Business ConcentrationOil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, NYSE Composite, SP 500 Index, Dow Jones Oil, ARCA Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors)
Average Analyst Recommendation
Analysts covering ONEOK report their recommendations after researching ONEOK's financial statements, talking to executives and customers, or listening in on ONEOK's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering ONEOK Inc. The ONEOK consensus assessment is calculated by taking the average forecast from all of the analysts covering ONEOK.
Financial Strength
Based on the analysis of ONEOK's profitability, liquidity, and operating efficiency, ONEOK Inc is performing exceptionally good at this time. It has a great risk to report excellent financial results in April. Financial strength of ONEOK Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.05890.0561
Sufficiently Up
Slightly volatile
Asset Turnover0.350.3689
Notably Down
Slightly volatile
Gross Profit Margin0.260.2033
Significantly Up
Very volatile
Net Debt22.5 B21.4 B
Sufficiently Up
Slightly volatile
Total Current Liabilities2.5 B3.5 B
Way Down
Slightly volatile
Non Current Liabilities Total28.8 B27.4 B
Sufficiently Up
Slightly volatile
Total Assets49.7 B47.4 B
Sufficiently Up
Slightly volatile
Total Current Assets2.1 B3.1 B
Way Down
Slightly volatile
Total Cash From Operating Activities4.7 B4.5 B
Sufficiently Up
Slightly volatile
ONEOK's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ONEOK's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
ONEOK's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of ONEOK's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ONEOK's financial leverage. It provides some insight into what part of ONEOK's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on ONEOK's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how ONEOK deploys its capital and how much of that capital is borrowed.
Liquidity
ONEOK cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 21.76 B in debt with debt to equity (D/E) ratio of 2.27, meaning that the company heavily relies on borrowing funds for operations. ONEOK Inc has a current ratio of 0.81, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist ONEOK until it has trouble settling it off, either with new capital or with free cash flow. So, ONEOK's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ONEOK Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ONEOK to invest in growth at high rates of return. When we think about ONEOK's use of debt, we should always consider it together with cash and equity.

Change In Cash

123.66 Million
ONEOK Inc (OKE) is traded on New York Stock Exchange in USA. It is located in 100 West Fifth Street, Tulsa, OK, United States, 74103 and employs 4,775 people. ONEOK is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 45.88 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ONEOK's market, we take the total number of its shares issued and multiply it by ONEOK's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ONEOK Inc runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 583.16 M outstanding shares of which 10.76 M shares are now shorted by investors with about 3.45 days to cover. ONEOK Inc has about 220.23 M in cash with 4.47 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.36.
Check ONEOK Probability Of Bankruptcy
Ownership Allocation
ONEOK owns a total of 583.16 Million outstanding shares. The majority of ONEOK Inc outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in ONEOK Inc to benefit from reduced commissions. Therefore, institutional investors are subject to a different set of regulations than regular investors in ONEOK. Please pay attention to any change in the institutional holdings of ONEOK Inc as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check ONEOK Ownership Details

ONEOK Stock Price Odds Analysis

What are ONEOK's target price odds to finish over the current price? Based on a normal probability distribution, the odds of ONEOK jumping above the current price in 90 days from now is roughly 2.22%. The ONEOK Inc probability density function shows the probability of ONEOK stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon ONEOK has a beta of 0.7987. This indicates as returns on the market go up, ONEOK average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ONEOK Inc will be expected to be much smaller as well. Additionally, oNEOK Inc has an alpha of 0.123, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 80.17HorizonTargetOdds Above 80.17
97.75%90 days
 80.17 
2.22%
Based on a normal probability distribution, the odds of ONEOK to move above the current price in 90 days from now is roughly 2.22 (This ONEOK Inc probability density function shows the probability of ONEOK Stock to fall within a particular range of prices over 90 days) .

ONEOK Stock Institutional Holders

Institutional Holdings refers to the ownership stake in ONEOK that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ONEOK's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ONEOK's value.
InstituionRecorded OnShares
Northern Trust Corp2023-12-31
5.8 M
Bank Of New York Mellon Corp2023-12-31
5.1 M
Hhg Plc2023-12-31
4.5 M
Norges Bank2023-12-31
4.2 M
Amundi2023-12-31
3.9 M
Ubs Group Ag2023-12-31
3.8 M
Jpmorgan Chase & Co2023-12-31
3.5 M
Dimensional Fund Advisors, Inc.2023-12-31
3.2 M
Clearbridge Advisors, Llc2023-12-31
3.2 M
Vanguard Group Inc2023-12-31
69.7 M
Blackrock Inc2023-12-31
52.6 M
View ONEOK Diagnostics

ONEOK Historical Income Statement

ONEOK Inc Income Statement is one of the three primary financial statements used for reporting ONEOK's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ONEOK Inc revenue and expense. ONEOK Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, ONEOK's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 3.7 B, whereas Cost Of Revenue is forecasted to decline to about 8.4 B. View More Fundamentals

ONEOK Stock Against Markets

Picking the right benchmark for ONEOK stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ONEOK stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ONEOK is critical whether you are bullish or bearish towards ONEOK Inc at a given time. Please also check how ONEOK's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ONEOK without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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ONEOK Corporate Directors

ONEOK corporate directors refer to members of an ONEOK board of directors. The board of directors generally takes responsibility for the ONEOK's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ONEOK's board members must vote for the resolution. The ONEOK board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Brian DerksenIndependent DirectorProfile
Gerald SmithIndependent DirectorProfile
Randall LarsonIndependent DirectorProfile
Julie EdwardsLead Independent DirectorProfile

How to buy ONEOK Stock?

Before investing in ONEOK, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ONEOK. To buy ONEOK stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of ONEOK. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase ONEOK stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located ONEOK Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased ONEOK Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ONEOK Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ONEOK Stock please use our How to Invest in ONEOK guide.

Already Invested in ONEOK Inc?

The danger of trading ONEOK Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ONEOK is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ONEOK. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ONEOK Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ONEOK Inc is a strong investment it is important to analyze ONEOK's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ONEOK's future performance. For an informed investment choice regarding ONEOK Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running ONEOK's price analysis, check to measure ONEOK's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ONEOK is operating at the current time. Most of ONEOK's value examination focuses on studying past and present price action to predict the probability of ONEOK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ONEOK's price. Additionally, you may evaluate how the addition of ONEOK to your portfolios can decrease your overall portfolio volatility.
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Is ONEOK's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ONEOK. If investors know ONEOK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ONEOK listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.09
Dividend Share
3.855
Earnings Share
5.48
Revenue Per Share
36.5
Quarterly Revenue Growth
0.04
The market value of ONEOK Inc is measured differently than its book value, which is the value of ONEOK that is recorded on the company's balance sheet. Investors also form their own opinion of ONEOK's value that differs from its market value or its book value, called intrinsic value, which is ONEOK's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ONEOK's market value can be influenced by many factors that don't directly affect ONEOK's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ONEOK's value and its price as these two are different measures arrived at by different means. Investors typically determine if ONEOK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ONEOK's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.