ONEOK, Inc. (OKE)

NYSE: OKE · Real-Time Price · USD
93.76
-1.08 (-1.14%)
Oct 8, 2024, 2:09 PM EDT - Market open
-1.14%
Market Cap 54.75B
Revenue (ttm) 19.10B
Net Income (ttm) 2.56B
Shares Out 584.07M
EPS (ttm) 4.62
PE Ratio 20.32
Forward PE 16.98
Dividend $3.96 (4.22%)
Ex-Dividend Date Aug 1, 2024
Volume 838,592
Open 94.57
Previous Close 94.84
Day's Range 92.95 - 94.57
52-Week Range 63.33 - 96.05
Beta 1.63
Analysts Buy
Price Target 92.14 (-1.7%)
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]

Sector Energy
Founded 1906
Employees 4,775
Stock Exchange NYSE
Ticker Symbol OKE
Full Company Profile

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 Statements

Analyst Forecast

According to 16 analysts, the average rating for OKE stock is "Buy." The 12-month stock price forecast is $92.14, which is a decrease of -1.70% from the latest price.

Price Target
$92.14
(-1.70% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

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4 days ago - Seeking Alpha

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...

Other symbols: WMB
4 days ago - Invezz

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...

Other symbols: WMB
8 days ago - Seeking Alpha

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.

11 days ago - PRNewsWire

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 ...

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14 days ago - Seeking Alpha

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 ...

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24 days ago - Seeking Alpha

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...

Other symbols: BXCNQETLHXMOMPLXO
24 days ago - Seeking Alpha

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...

27 days ago - PRNewsWire

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.

4 weeks ago - PRNewsWire

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.

5 weeks ago - Reuters

ONEOK to Acquire Medallion and Controlling Interest in EnLink from Global Infrastructure Partners in Transactions Valued at $5.9 Billion

Establishes fully integrated Permian Basin platform at scale Expands and extends footprint in Mid-Continent, North Texas and Louisiana Delivers immediate accretion to EPS and FCF supporting capital al...

Other symbols: ENLC
5 weeks ago - PRNewsWire

Pipeline Payday: Buying 4.5%-Yielding ONEOK Before It's Too Late

The Federal Reserve's potential rate cuts could drive a rotation of capital towards high-quality dividend stocks, benefiting income-generating assets like ONEOK, Inc. ONEOK offers a compelling mix of ...

6 weeks ago - Seeking Alpha

ONEOK to Participate in Citi Midstream and New Energy Infrastructure Conference

TULSA, Okla., Aug. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in investor meetings at the Citi Midstream and New Energy Infrastructure Conference, Aug. 13-14, 2024, in Las Vegas...

2 months ago - PRNewsWire

ONEOK Inc (OKE) Q2 2024 Earnings Call Transcript

ONEOK Inc (NYSE:OKE) Q2 2024 Results Conference Call August 6, 2024 2:00 AM ET Company Participants Andrew Ziola - Vice President of Investor Relations Pierce Norton - President, CEO & Director Walte...

2 months ago - Seeking Alpha

ONEOK Announces Higher Second Quarter 2024 Earnings; Affirms 2024 Financial Guidance

Record Rocky Mountain Region Volumes TULSA, Okla. , Aug. 5, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher second quarter 2024 results and affirmed full-year 2024 financial guidan...

2 months ago - PRNewsWire

ONEOK Issues Annual Corporate Sustainability Report

TULSA, Okla. , Aug. 1, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced the release of its annual Corporate Sustainability Report highlighting the company's progress and commitment toward ...

2 months ago - PRNewsWire

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, ...

2 months ago - Seeking Alpha

Winning With Trump: My Top Dividend Picks For Your Portfolio

As the 2024 General Election nears, it's essential to understand the potential impact of a Trump presidency on our portfolios without bias. Trump's policies could affect sectors like energy, agricultu...

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2 months ago - Seeking Alpha

ONEOK Announces Refined Products Pipeline Expansion to the Greater Denver Area

Includes Expanded Connectivity with Denver International Airport TULSA, Okla. , July 18, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced plans to expand its pipeline capacity connecting M...

2 months ago - PRNewsWire

ONEOK Declares Quarterly Dividend

TULSA, Okla. , July 17, 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...

2 months ago - PRNewsWire

Pipeline Profits: Why 4.7%-Yielding ONEOK Is Gushing With Potential

Natural gas infrastructure investment is a profitable opportunity in the green transition. ONEOK, Inc. stands out with its massive pipeline network, fee-based revenue model, and strong financial healt...

3 months ago - Seeking Alpha

‘Crash proof' your portfolio with these 10 stocks and 3 ETFs

You don't get upset for having homeowner's insurance but your house doesn't burn down. The same principle should apply to investors who insure their stock portfolios against a crash.

Other symbols: AMGNCAHFIGLHEGDJPMMRK
3 months ago - Market Watch

ONEOK Second Quarter 2024 Conference Call and Webcast Scheduled

TULSA, Okla., July 8, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release second quarter 2024 earnings after the market closes on Aug. 5, 2024.

3 months ago - PRNewsWire

Energy Stocks: Winners And Losers At The Beginning Of H2 2024

The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weig...

Other symbols: APABKRCOPCTRACVXDVNEOG
3 months ago - Seeking Alpha

Magellan Midstream's 2023 Schedule K-3 Now Available

TULSA, Okla. , June 18, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that the 2023 Schedule K-3s for Magellan Midstream Partners, L.P.

3 months ago - PRNewsWire