ONEOK, Inc. (OKE)

NYSE: OKE · IEX Real-Time Price · USD
72.97
-0.75 (-1.02%)
At close: Feb 23, 2024, 4:00 PM
72.98
+0.01 (0.01%)
After-hours: Feb 23, 2024, 7:27 PM EST
-1.02%
Market Cap 42.51B
Revenue (ttm) 17.47B
Net Income (ttm) 2.45B
Shares Out 582.55M
EPS (ttm) 5.45
PE Ratio 13.39
Forward PE 14.78
Dividend $3.96 (5.43%)
Ex-Dividend Date Jan 29, 2024
Volume 2,986,822
Open 73.44
Previous Close 73.72
Day's Range 72.92 - 73.56
52-Week Range 55.91 - 73.83
Beta 1.60
Analysts Buy
Price Target 76.17 (+4.39%)
Earnings Date Feb 26, 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. It also provides midstream services to producers of NGLs. The company owns NGL gathering and distribution pipeline... [Read more]

Sector Energy
Founded 1906
Employees 2,966
Stock Exchange NYSE
Ticker Symbol OKE
Full Company Profile

Financial Performance

In 2022, ONEOK's revenue was $22.39 billion, an increase of 35.35% compared to the previous year's $16.54 billion. Earnings were $1.72 billion, an increase of 14.85%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for OKE stock is "Buy." The 12-month stock price forecast is $76.17, which is an increase of 4.39% from the latest price.

Price Target
$76.17
(4.39% upside)
Analyst Consensus: Buy
Stock Forecasts

News

ONEOK to Participate in U.S. Capital Advisors Midstream Corporate Access Day

TULSA, Okla. , Jan. 22, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the U.S. Capital Advisors Midstream Corporate Access Day on Jan. 23, 2024, in Houston.

4 weeks ago - PRNewsWire

ONEOK Fourth Quarter and Year-end 2023 Conference Call and Webcast Scheduled

TULSA, Okla. , Jan. 18, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release fourth quarter and year-end 2023 earnings after the market closes on Feb. 26, 2024.

5 weeks ago - PRNewsWire

ONEOK Increases Quarterly Dividend and Announces Share Repurchase Program

Raises Quarterly Dividend 3.7% Authorizes $2 Billion Share Repurchase Program Combination of Dividends and Share Repurchases to Target 75% to 85% of Cash Flow From Operations After Capital Expenditure...

5 weeks ago - PRNewsWire

ONEOK to Participate in UBS Global Energy and Utilities Winter Conference

TULSA, Okla., Jan. 8, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the UBS Global Energy and Utilities Winter Conference Jan. 9-10, 2024, in Park City, Utah.

6 weeks ago - PRNewsWire

Jenny Harrington's top dividend picks for 2024: OGN, NYCB, WHR, CWEN, OKE, CCI and STX

Jenny Harrington, Gilman Hill Asset Management CEO, discusses her top dividend picks for 2024.

Other symbols: CCICWENNYCBOGNSTXWHR
2 months ago - CNBC Television

ONEOK to Participate in Wells Fargo Midstream and Utilities Symposium

TULSA, Okla., Dec. 5, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the Wells Fargo Midstream and Utilities Symposium Dec. 6-7, 2023, in New York.

2 months ago - PRNewsWire

Enterprise and ONEOK Extend Terminal Transfer Fee Waiver for ICE Midland WTI (HOU) Crude Deliveries to the End of 2025

HOUSTON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that Enterprise Products Partners L.P. ...

Other symbols: EPDICE
2 months ago - Business Wire

Refiners, transporters surge: Niche energy markets defy oil slump

Big energy like Chevron Corp. NYSE: CVX and Exxon Mobil Corp. NYSE: XOM are trading well below their highs, while certain sub-industries within the energy sector are performing well.

Other symbols: CVXENBEPDEQTETKMIMPC
3 months ago - MarketBeat

ONEOK to Participate in BofA Securities Global Energy Conference

TULSA, Okla., Nov. 14, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the BofA Securities Global Energy Conference on Nov. 15, 2023, in Houston, Texas.

3 months ago - PRNewsWire

ONEOK Announces 5% Increase in Third Quarter 2023 Net Income and 11% Increase in Adjusted EBITDA Including Transaction Costs

Double-digit Growth in NGL and Natural Gas Processing Volumes Increases Financial Guidance for the Second Time in 2023 TULSA, Okla. , Oct. 31, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announ...

4 months ago - PRNewsWire

ONEOK Declares Quarterly Dividend

TULSA, Okla. , Oct. 18, 2023 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of 95.5 cents per share, unchanged from the previous quarter, resulti...

4 months ago - PRNewsWire

ONEOK Third Quarter 2023 Conference Call and Webcast Scheduled

TULSA, Okla., Oct. 4, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release third quarter 2023 earnings after the market closes on October 31, 2023.

5 months ago - PRNewsWire

Final Trades: Oneok, Walmart & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: WMTCOSTFANG
5 months ago - CNBC Television

TortoiseEcofin Announces Revision of Timing of Constituent Changes Due to Corporate Action

LEAWOOD, KS / ACCESSWIRE / September 25, 2023 / TortoiseEcofin today announced a revision of timing of the removal of Magellan Midstream Partners, L.P. (NYSE:MMP) from the Tortoise MLP Index ® (TMLP),...

5 months ago - Accesswire

Lyndon C. Taylor Joins ONEOK As Executive Vice President, Chief Legal Counsel and Assistant Secretary

TULSA, Okla. , Sept. 25, 2023 /PRNewswire/ -- Lyndon C.

5 months ago - PRNewsWire

ONEOK Announces Board of Directors Changes

Lori A. Gobillot and Wayne T. Smith Join ONEOK Board of Directors TULSA, Okla.

5 months ago - PRNewsWire

ONEOK Announces Completion of Magellan Midstream Partners Acquisition

TULSA, Okla. , Sept. 25, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) (ONEOK) today announced that it has completed its acquisition of Magellan Midstream Partners, L.P.

5 months ago - PRNewsWire

Magellan Midstream Unit Holders Back Deal With Oneok

The $19 billion transaction was was approved at a unit holder meeting Thursday, despite some investor opposition to the deal.

5 months ago - Barrons

Magellan Midstream holders approve $18.8 billion sale to ONEOK

Magellan Midstream Partners' unitholders on Thursday voted in favour of the U.S. pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 billion.

5 months ago - Reuters

ONEOK Shareholders and Magellan Unitholders Approve Merger

Transaction to Close on September 25, 2023 TULSA, Okla. , Sept. 21, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P.

5 months ago - PRNewsWire

Magellan Picks Up Support of Big Investor for Merger but Deal Outlook Remains Cloudy

ALPS Advisors, which runs a big ETF, backs Magellan's deal with Oneok but many retail investors oppose it. The vote is Thursday.

5 months ago - Barrons

Magellan Appears to Be Winning Shareholder Backing for Oneok Deal

Magellan Midstream Partners has pressed its case for the $19 billion deal, citing strategic benefit and downplaying tax issues ahead of next week's vote.

5 months ago - Barrons

Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields - ONEOK (NYSE:OKE), Equitrans Midstream (NYSE:ETRN)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: ETRNWMB
5 months ago - Benzinga

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend ONEOK Shareholders Vote "FOR" Pending Acquisition of Magellan Midstream Partners

TULSA, Okla. , Sept. 7, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that the two leading proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co. (Glass Le...

6 months ago - PRNewsWire

Leading Independent Proxy Advisory Firm ISS Recommends Magellan Midstream Unitholders Vote "FOR" the Transaction with ONEOK

Follows recommendation from Glass Lewis that unitholders vote "FOR" the transaction TULSA, Okla. , Sept. 7, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

6 months ago - PRNewsWire