ONEOK, Inc. (OKE)
| Market Cap | 66.11B |
| Revenue (ttm) | 19.93B |
| Net Income (ttm) | 2.80B |
| Shares Out | 584.18M |
| EPS (ttm) | 4.78 |
| PE Ratio | 23.69 |
| Forward PE | 18.50 |
| Dividend | $3.96 (3.50%) |
| Ex-Dividend Date | Nov 1, 2024 |
| Volume | 1,846,852 |
| Open | 113.80 |
| Previous Close | 113.11 |
| Day's Range | 112.28 - 114.33 |
| 52-Week Range | 65.49 - 114.33 |
| Beta | 1.62 |
| Analysts | Buy |
| Price Target | 99.40 (-12.16%) |
| Earnings Date | Oct 29, 2024 |
About OKE
ONEOK, Inc. engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines in Okl... [Read more]
Financial Performance
In 2023, ONEOK's revenue was $17.68 billion, a decrease of -21.04% compared to the previous year's $22.39 billion. Earnings were $2.66 billion, an increase of 54.45%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for OKE stock is "Buy." The 12-month stock price forecast is $99.4, which is a decrease of -12.16% from the latest price.
News
DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
Pipeline operator DT Midstream said on Tuesday it would acquire a portfolio of three natural gas transmission pipelines from ONEOK for $1.2 billion in cash.
ONEOK Announces Agreement to Sell Wholly Owned Interstate Natural Gas Pipelines to DT Midstream
Assets to be Sold Include Guardian, Midwestern and Viking Gas Transmission TULSA, Okla. , Nov. 19, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") today announced that it has executed a definit...
ONEOK Foundation Donates $100,000 to Wildfire Disaster Relief Program
North Dakota Wildfire Devastates Approximately 126,000 Acres; ONEOK Foundation Contributes to Relief for Impacted Cattle Producers TULSA, Okla. , Nov. 19, 2024 /PRNewswire/ -- The ONEOK Foundation don...
ONEOK to Participate in BofA Securities Global Energy Conference
TULSA, Okla. , Nov. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the BofA Securities Global Energy Conference on Nov. 13, 2024, in Houston.
Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge div...
ONEOK: Where Dividends Flow Like Oil - A 4.2% Yield You Can't Miss
ONEOK stands out in the S&P 500 dividend space with a 4.2% yield, consistent dividend history, and >10% annual EPS growth. The company's narrow-moat business model and essential pipeline infrastructur...
ONEOK Announces Closing of Medallion Midstream Acquisition
Completes Acquisition of the Largest Privately Held Crude Oil Gathering and Transportation System in the Permian's Midland Basin TULSA, Okla. , Oct. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) to...
ONEOK, Inc. (OKE) Q3 2024 Earnings Call Transcript
ONEOK, Inc. (NYSE:OKE) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Andrew Ziola - Vice President of Investor Relations Pierce Norton - President and Chief Execu...
ONEOK Announces Higher Third Quarter 2024 Earnings; Increases 2024 Financial Guidance
Increases Financial Guidance for the Second Time in 2024 TULSA, Okla. , Oct. 29, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher third quarter 2024 results and provided 2024 financ...
Very Good News For Big Dividend Infrastructure Stocks
Big dividend infrastructure stocks have surged recently. We discuss the two major catalysts for this surge. We also share several opportunities that remain very attractive in the space.
Wakeup Call - It's Time To Buy High-Yield Dividends
The market is experiencing robust earnings growth, low inflation, and solid GDP figures, leading many to feel bullish despite underlying economic challenges. While valuations are high, investors are b...
ONEOK Declares Quarterly Dividend
TULSA, Okla. , Oct. 16, 2024 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of 99 cents per share, unchanged from the previous quarter, resulting...
Final Trades: Transdigm, Easterly Government, Booz Allen and ONEOK
The Investment Committee share their top stocks to watch for the second half.
EnLink Midstream Announces Changes to Board of Directors
Changes reflect new ONEOK controlling interest DALLAS , Oct. 15, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced changes to the Board of Directors (Board) of EnLink M...
ONEOK Announces Closing of Controlling Interest in EnLink from Global Infrastructure Partners
Announces Expiration of HSR Act Waiting Period Acquisition Expands and Extends Asset Positions in the Permian Basin, Mid-Continent, North Texas and Louisiana TULSA, Okla. , Oct. 15, 2024 /PRNewswire/...
Midstream Energy - Relative Quality
Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of...
I'd avoid Exxon, Chevron stocks and buy OKE and WMB instead
Energy stocks have done well this week as the rising geopolitical risks in the Middle East pushed crude oil prices to their highest point in weeks. Brent, the international benchmark, rose for six con...
ONEOK Vs. Williams Companies: Which High-Yield Is The Better Buy?
OKE and WMB have been very strong performers and dividend growers. We compare them side-by-side based on their current fundamentals and forward outlooks. We share our view on which is the better buy t...
ONEOK Third Quarter 2024 Conference Call and Webcast Scheduled
TULSA, Okla. , Sept. 26, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release third quarter 2024 earnings after the market closes on Oct. 29, 2024.
Very Overrated And Very Underrated High Yields
High-yield investing is simpler and less speculative than many other approaches to investing. My approach centers on a simple method of determining if a stock is overrated or underrated and investing ...
Buy These Blue-Chip High-Yield Growth Stocks Before It Is Too Late
My ideal stock has four specific qualities. There is one sector where these qualities still exist in abundance. I share some of the most attractive opportunities in the space and why this opportunity ...
Buy High-Quality Dividends Before It's Too Late - And 11 Picks Worth Considering
The Fed's rate cuts could trigger a rotation from bonds to dividend stocks, as investors seek alternatives for stable, attractive income. High-quality dividend stocks, particularly those offering infl...
ONEOK Announces $7.0 Billion Notes Offering
TULSA, Okla. , Sept. 10, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $7.0 billion of senior notes, consisting of: $1.25 billion of 3-year senior...
ONEOK to Participate in Barclays CEO Energy-Power Conference
TULSA, Okla. , Sept. 3, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the Barclays CEO Energy-Power Conference Sept.
ONEOK to buy Medallion, GIP's stake in EnLink in $5.9 bln deal
Oneok Inc said on Wednesday that it would acquire Medallion and GIP's entire stake in EnLink Midstream in a deal valued at $5.9 billion.