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NYSE:OKE

ONEOK (OKE) Stock Price, News & Analysis

ONEOK logo
$99.37 +0.15 (+0.15%)
Closing price 04/1/2025 03:59 PM Eastern
Extended Trading
$99.50 +0.13 (+0.13%)
As of 04/1/2025 07:57 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About ONEOK Stock (NYSE:OKE)

Key Stats

Today's Range
$97.63
$99.70
50-Day Range
$89.59
$106.28
52-Week Range
$76.23
$118.07
Volume
2.04 million shs
Average Volume
3.03 million shs
Market Capitalization
$62.04 billion
P/E Ratio
20.79
Dividend Yield
4.15%
Price Target
$105.00
Consensus Rating
Moderate Buy

Company Overview

ONEOK, Inc. is a player in the natural gas industry. Headquartered in Tulsa, Oklahoma, ONEOK has a long and rich history, dating back to its founding in 1906 as Oklahoma Natural Gas Company. Over the years, the company has evolved and diversified its operations, solidifying its position as a key participant in the energy sector.

ONEOK primarily focuses on the natural gas market, offering a range of products and services to meet the growing demand for clean and reliable energy. The company's mission centers around delivering energy solutions to its customers while adhering to the highest safety standards and maintaining environmental stewardship.

As a leading provider in the natural gas industry, ONEOK plays a vital role in producing, processing, and transporting natural gas. The company owns significant natural gas liquids (NGL) systems, which link natural gas production and end-use markets. By efficiently processing and delivering natural gas and NGL products, ONEOK helps meet the energy needs of a diverse range of customers, including industrial, commercial, and residential users.

ONEOK's management team is composed of experienced industry professionals who bring a wealth of expertise and strategic vision to the company. President and Chief Executive Officer Pierce H. Norton II's leadership team is dedicated to driving growth and ensuring the company's long-term success. Each team member deeply understands the energy industry and contributes to ONEOK's strategic decision-making process.

ONEOK's financial performance demonstrates its strong position in the natural gas industry. Over the past few years, the company has achieved notable revenue growth, reflecting a significant increase compared to the previous year. This growth can be attributed to the company's strategic acquisitions and ability to capitalize on favorable market conditions.

ONEOK has consistently delivered positive results. The company has demonstrated a robust profit margin, with net margins averaging around 10%. These figures underscore ONEOK's ability to generate sustainable profits and create shareholder value.

ONEOK's financial stability is further reinforced by its prudent management of debt levels. The company maintains a balanced capital structure, allowing it to pursue growth opportunities while effectively managing financial risk. The company's strong financial position enables it to invest in infrastructure, expand its operations and meet the evolving energy needs of its customers.

Factors driving ONEOK's valuation include its strong market position, solid financial performance, and strategic investments in infrastructure. As a leading player in the natural gas industry, ONEOK benefits from the increasing demand for clean energy sources and the ongoing transition towards a low-carbon future. These factors contribute to the company's attractiveness to investors seeking exposure to the energy sector.

ONEOK's stock performance has been notable, reflecting its strong financial performance and positive market sentiment. While the stock's price can fluctuate in response to various market factors, ONEOK has consistently demonstrated resilience and the ability to deliver long-term value to its shareholders. 

ONEOK operates within the broader natural gas industry, which is critical in meeting the world's energy needs. As a leading natural gas company, ONEOK benefits from its strategic positioning and extensive infrastructure, including its major NGL systems. These assets give the company a competitive advantage in processing and transporting natural gas, effectively serving customers across various sectors.

The natural gas industry is transforming, driven by the increasing focus on sustainability and the transition to cleaner energy sources. ONEOK is well-positioned to navigate this changing landscape, leveraging its expertise, infrastructure, and commitment to environmental stewardship. As the demand for natural gas continues to grow, ONEOK's strong market presence and operational capabilities position it favorably among its industry peers.

ONEOK is poised to capitalize on several growth opportunities within the natural gas industry. As the world transitions to a more sustainable energy mix, natural gas is expected to play a crucial role due to its lower carbon emissions than other fossil fuels. ONEOK's extensive infrastructure and expertise enable the company to meet the increasing demand for natural gas and NGL products, providing a foundation for future growth.

Furthermore, developing natural gas liquids presents significant growth potential for ONEOK. These products serve as feedstocks for various industries, including petrochemicals, plastics, and transportation fuels. ONEOK's ownership of major NGL systems positions the company to capitalize on this expanding market and deliver value to its customers and shareholders.

While ONEOK's strong financial performance and strategic positioning contribute to its success, it faces certain risks and challenges inherent in the industry. Fluctuations in commodity prices, regulatory changes, and environmental considerations can impact the company's operations and profitability. ONEOK employs risk management strategies to mitigate these risks, including effective hedging programs and compliance with industry regulations.

The ongoing energy transition presents challenges and opportunities for the natural gas industry. ONEOK is committed to evolving with the changing landscape, pursuing sustainable practices, and exploring new technologies to reduce its environmental footprint. ONEOK aims to remain at the forefront of the energy industry by proactively addressing these challenges and capitalizing on growth opportunities.

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ONEOK Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
92nd Percentile Overall Score

OKE MarketRank™: 

ONEOK scored higher than 92% of companies evaluated by MarketBeat, and ranked 27th out of 274 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ONEOK has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    ONEOK has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about ONEOK's stock forecast and price target.
  • Earnings Growth

    Earnings for ONEOK are expected to grow by 17.36% in the coming year, from $5.07 to $5.95 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ONEOK is 20.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ONEOK is 20.79, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 52.03.

  • Price to Earnings Growth Ratio

    ONEOK has a PEG Ratio of 3.77. 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 3.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about ONEOK's valuation and earnings.
  • Percentage of Shares Shorted

    1.68% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ONEOK has recently decreased by 13.67%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    ONEOK is a leading dividend payer. It pays a dividend yield of 4.18%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    ONEOK does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of ONEOK is 79.69%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, ONEOK will have a dividend payout ratio of 69.24% next year. This indicates that ONEOK will be able to sustain or increase its dividend.

  • Read more about ONEOK's dividend.
  • Percentage of Shares Shorted

    1.68% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ONEOK has recently decreased by 13.67%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    ONEOK has a news sentiment score of 1.37. 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 higher news sentiment than the 0.74 average news sentiment score of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 50 news articles for ONEOK this week, compared to 17 articles on an average week.
  • Search Interest

    Only 50 people have searched for OKE on MarketBeat in the last 30 days. This is a decrease of -4% 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 146% compared to the previous 30 days.
  • 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 0.20% of the stock of ONEOK is held by insiders.

  • Percentage Held by Institutions

    69.13% of the stock of ONEOK is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ONEOK's insider trading history.
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OKE Stock News Headlines

Hard Assets, Hard Cash: 2 Rock-Solid 4% Yielders You'll Love
New “Trump” currency proposed in DC
After a massive run-up – tech stocks are crashing. And as you’d suspect, the rich and powerful got out first. Warren Buffett sold off 115 million shares of Apple last year.
Q1 Earnings Estimate for ONEOK Issued By US Capital Advisors
Morgan Stanley Sticks to Their Buy Rating for Oneok (OKE)
Oneok price target raised to $133 from $111 at Morgan Stanley
See More Headlines

OKE Stock Analysis - Frequently Asked Questions

ONEOK's stock was trading at $100.40 at the beginning of 2025. Since then, OKE stock has decreased by 1.0% and is now trading at $99.3690.
View the best growth stocks for 2025 here
.

ONEOK, Inc. (NYSE:OKE) released its quarterly earnings results on Monday, February, 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.11. The utilities provider earned $7 billion during the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a trailing twelve-month return on equity of 16.84% and a net margin of 14.05%.
Read the conference call transcript
.

ONEOK's board approved a share repurchase program on Wednesday, January 17th 2024, which allows the company to buy back $2,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 4.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

ONEOK subsidiaries include Black Mesa Holdings Inc., Black Mesa Pipeline Inc., Black Mesa Pipeline Operations L.L.C., Black Mesa Technologies Inc., Border Midwestern Company, Chisholm Pipeline Company, Chisholm Pipeline Holdings L.L.C., and more.

ONEOK's top institutional investors include Centre Asset Management LLC, Penbrook Management LLC and MassMutual Private Wealth & Trust FSB. Insiders that own company stock include Pierce Norton, Eduardo A Rodriguez, Brian L Derksen, Wayne Thomas Smith and Pattye L Moore.
View institutional ownership trends
.

Shares of OKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that ONEOK investors own include Chevron (CVX), NVIDIA (NVDA), Bristol-Myers Squibb (BMY), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM) and JPMorgan Chase & Co. (JPM).

Company Calendar

Record date for 2/14 Dividend
2/03/2025
Ex-Dividend for 2/14 Dividend
2/03/2025
Dividend Payable
2/14/2025
Last Earnings
2/24/2025
Today
4/01/2025
Next Earnings (Estimated)
4/29/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Energy
Industry
Gas transmission & distribution
Sub-Industry
Gas Utilities
Current Symbol
NYSE:OKE
Employees
2,970
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$105.00
High Stock Price Target
$133.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+5.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Trailing P/E Ratio
20.79
Forward P/E Ratio
19.60
P/E Growth
3.77
Net Income
$2.66 billion
Pretax Margin
18.52%

Debt

Sales & Book Value

Annual Sales
$21.70 billion
Cash Flow
$5.93 per share
Price / Cash Flow
16.77
Book Value
$28.30 per share
Price / Book
3.51

Miscellaneous

Free Float
583,016,000
Market Cap
$62.04 billion
Optionable
Optionable
Beta
1.70

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This page (NYSE:OKE) was last updated on 4/2/2025 by MarketBeat.com Staff
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