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ONEOK Inc Stock Research

OKE

59.48USD+0.84(+1.43%)Market Closed

Market Summary

USD59.48+0.84
Market Closed
1.43%

OKE Stock Price

OKE RSI Chart

OKE Valuation

Market Cap

26.6B

Price/Earnings (Trailing)

15.44

Price/Sales (Trailing)

1.19

EV/EBITDA

11.06

Price/Free Cashflow

15.61

OKE Price/Sales (Trailing)

OKE Profitability

Operating Margin

20.00%

EBT Margin

10.05%

Return on Equity

26.52%

Return on Assets

7.06%

Free Cashflow Yield

6.41%

OKE Fundamentals

OKE Revenue

Revenue (TTM)

22.4B

Revenue Y/Y

-7.17%

Revenue Q/Q

-14.91%

OKE Earnings

Earnings (TTM)

1.7B

Earnings Y/Y

27.82%

Earnings Q/Q

12.31%

Price Action

52 Week Range

49.7171.73
(Low)(High)

Last 7 days

-2.5%

Last 30 days

-10.4%

Last 90 days

-9.3%

Trailing 12 Months

-11.6%

OKE Financial Health

Current Ratio

0.83

Debt/Equity

1.99

Debt/Cashflow

0.23

OKE Investor Care

Dividend Yield

6.29%

Dividend/Share (TTM)

3.74

Shares Dilution (1Y)

0.23%

Diluted EPS (TTM)

3.84

Peers (Alternatives to ONEOK)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
40.6B
89.9B
-10.00% 21.15%
8.97
1.48
33.31% -13.05%
37.7B
19.2B
-3.06% -3.94%
14.81
1.97
15.59% 42.83%
35.0B
11.0B
-7.02% -11.72%
17.1
3.19
3.18% 35.07%
28.8B
17.2B
-11.33% -12.54%
20.75
2.2
82.38% 53.25%
26.6B
22.4B
-10.39% -11.62%
15.44
1.19
35.35% 14.84%
MID-CAP
8.2B
15.0B
-0.26% 27.40%
9.89
0.59
40.03% 169.05%
5.7B
2.4B
-27.42% -24.05%
29.38
2.41
79.03% 100.28%
4.7B
9.5B
-10.70% 7.84%
13.13
0.5
42.72% 1512.95%
2.3B
1.4B
-15.78% -33.15%
-8.4
1.67
3.09% 80.92%
2.1B
1.0B
5.67% 25.80%
13.5
2.07
47.87% -3.50%
SMALL-CAP
1.6B
226.0M
-8.19% 3.24%
7.28
7.17
436.62% 482.73%
646.2M
2.8B
8.38% -5.43%
-134.01
0.23
2311.20% 73.74%
582.1M
404.2M
19.84% 54.87%
15.22
1.44
-0.37% 17.85%
202.8M
369.6M
-6.53% 2.82%
-1.71
0.51
-7.74% -284.00%

Financials for ONEOK

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.7%22,38722,77521,39818,79016,540
Cost Of Revenue-2.3%17,91018,33617,01214,50112,257
EBITDA3.2%3,5523,4423,4073,327-
EBITDA Margin5.0%0.16*0.15*0.16*0.18*-
Earnings Before Taxes5.5%2,2502,1322,0821,9891,984
EBT Margin7.3%0.10*0.09*0.10*0.11*-
Interest Expenses-1.8%676688705719733
Net Income6.5%1,7221,6171,5771,5051,500
Net Income Margin8.4%0.08*0.07*0.07*0.08*-
Free Cahsflow-6.8%1,7041,8281,7861,698-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.2%24,37924,43924,52723,99323,622
  Current Assets-7.9%2,5482,7653,0262,6412,374
    Cash Equivalents891.3%22022.0013615.00146
  Inventory-19.8%432538620584428
  Net PPE0.8%19,95319,79019,60119,42519,320
  Current Liabilities-26.3%3,0524,1393,6553,4833,185
.    Short Term Borrowings1055.5%90178.00---
  Long Term Debt-6.5%12,90013,80013,60013,600-
    LT Debt, Current0%925925896896896
    LT Debt, Non Current6.2%12,69611,95112,87312,75012,748
Shareholder's Equity2.9%6,4946,3126,1155,9946,015
  Retained EarningsInfinity%50.00----
  Additional Paid-In Capital0.5%7,2537,2187,1907,1777,214
Accumulated Depreciation2.5%5,0634,9374,7934,6484,501
Shares Outstanding0.0%447447447447446
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-0.5%2,9062,9212,7182,4752,546
Cashflow From Investing-8.1%-1,139-1,053-883-738-665
Cashflow From Financing18.2%-1,692-2,069-2,072-2,124-2,259
  Dividend Payments0.1%1,6721,6711,6701,6691,667

Risks for OKE

What is the probability of a big loss on OKE?

58.1%


Probability that ONEOK stock will be more than 20% underwater in next one year

24.6%


Probability that ONEOK stock will be more than 30% underwater in next one year.

24.6%


Probability that ONEOK stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OKE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if ONEOK was unfortunately bought at previous high price.

Drawdowns

Returns for OKE

Cumulative Returns on OKE

10.1%


10-Year Cumulative Returns

18.2%


7-Year Cumulative Returns

7.9%


5-Year Cumulative Returns

50.3%


3-Year Cumulative Returns

What are the long-term rolling returns for OKE?

FIve years rolling returns for ONEOK.

Annualized Returns

Which funds bought or sold OKE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
21.98
845,230
2,345,230
0.07%
2023-03-13
Claro Advisors LLC
new
-
206,696
206,696
0.07%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-4.57
8,979,200
49,139,200
0.05%
2023-03-10
MATHER GROUP, LLC.
reduced
-4.67
59,583
325,583
0.01%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
added
0.08
442,427
2,004,430
0.31%
2023-03-08
Capital Asset Advisory Services LLC
new
-
223,081
223,081
0.02%
2023-03-06
OLD MISSION CAPITAL LLC
new
-
250,382
250,382
0.01%
2023-03-06
Rockefeller Capital Management L.P.
added
323
5,852,000
7,170,000
0.04%
2023-03-03
TIAA, FSB
added
3.12
96,514
395,514
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
77,657
77,657
-%

1–10 of 47

Latest Funds Activity

Are funds buying OKE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own OKE
No. of Funds

ONEOK News

MarketBeat

Assenagon Asset Management S.A. Cuts Position in ONEOK, Inc ....

MarketBeat,
13 hours ago

Stock Traders Daily

Oneok $OKE Investment Analysis and Advice.

Stock Traders Daily,
6 days ago

Zacks Investment Research

Schedule 13G FIlings of ONEOK

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
12.05%
53,863,544
SC 13G/A
Feb 07, 2023
state street corp
7.35%
32,835,378
SC 13G/A
Jan 23, 2023
blackrock inc.
10.8%
48,439,908
SC 13G/A
Feb 11, 2022
state street corp
7.03%
31,335,610
SC 13G/A
Feb 09, 2022
vanguard group inc
11.38%
50,731,447
SC 13G/A
Jan 10, 2022
blackrock inc.
10.2%
45,529,862
SC 13G/A
Feb 10, 2021
vanguard group inc
11.09%
49,297,478
SC 13G/A
Feb 09, 2021
state street corp
5.85%
25,977,227
SC 13G
Jan 29, 2021
blackrock inc.
8.7%
38,732,840
SC 13G/A
Feb 14, 2020
state street corp
5.26%
21,739,095
SC 13G

OKE Fair Value

ONEOK fair value in different scenarios

The table shows the Fair Value estimates for ONEOK for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

45.20

-24.01%

82.13

38.08%

170.34

186.38%

251.09

322.14%

389.35

554.59%
Current Inflation

42.64

-28.31%

74.61

25.44%

150.65

153.28%

219.15

268.44%

336.04

464.96%
Very High Inflation

39.35

-33.84%

65.44

10.02%

127.36

114.12%

181.92

205.85%

274.59

361.65%

Historical ONEOK Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of ONEOK

View All Filings
Date Filed Form Type Document
Mar 03, 2023
8-K
Current Report
Mar 03, 2023
8-K
Current Report
Feb 28, 2023
10-K
Annual Report
Feb 27, 2023
8-K
Current Report
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
8-K
Current Report
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading

Latest Insider Trading transactions for OKE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-19
ALLEN STEPHEN BRENT
sold (taxes)
-230,500
67.26
-3,427
senior vp general counsel and
2023-02-19
HULSE WALTER S III
sold (taxes)
-448,557
67.26
-6,669
chief financial officer, treas
2023-02-19
KELLEY CHARLES M
acquired
629,634
67.26
9,361
senior vp natural gas pipeline
2023-02-19
SWORDS SHERIDAN C
acquired
787,010
67.26
11,701
senior vp natural gas liquids
2023-02-19
SCHINGEN SCOTT D
acquired
263,760
67.26
3,921
senior vp operations
2023-02-19
BURDICK KEVIN L
sold (taxes)
-449,028
67.26
-6,676
executive vp and chief commerc
2023-02-19
HULSE WALTER S III
acquired
1,007,450
67.26
14,978
chief financial officer, treas
2023-02-19
BURDICK KEVIN L
acquired
1,007,410
67.26
14,977
executive vp and chief commerc
2023-02-19
SPEARS MARY M
sold (taxes)
-93,222
67.26
-1,386
senior vp, chief accounting of
2023-02-19
ALLEN STEPHEN BRENT
acquired
535,198
67.26
7,957
senior vp general counsel and

1–10 of 50

Pierce H. Norton
2850
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space. It operates 17,500 miles of natural gas gathering pipelines; 1,500 miles of FERC-regulated interstate natural gas pipelines; 5,100 miles of state-regulated intrastate transmission pipeline; six NGL storage facilities; and eight NGL product terminals. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.

OKE Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Revenues$ 22,386,892$ 16,540,309$ 8,542,242
Cost of sales and fuel (exclusive of items shown separately below)17,909,86612,256,6555,110,146
Operations and maintenance958,246900,420761,176
Depreciation and amortization626,132621,701578,662
Impairment charges (Notes E and F)00607,200
General taxes191,458166,668125,028
Other Operating Income (Expense), Net106,2291,3941,327
Operating income2,807,4192,596,2591,361,357
Equity in net earnings from investments (Note N)147,720122,520143,241
Impairment of equity investments (Note N)00(37,730)
Allowance for equity funds used during construction2,5511,68223,662
Other(32,099)(3,333)24,672
Interest expense (net of capitalized interest of $57,426, $25,150 and $75,436, respectively)(675,946)(732,924)(712,886)
Income before income taxes2,249,6451,984,204802,316
Income taxes (Note M)(527,424)(484,498)(189,507)
Net income1,722,2211,499,706612,809
Less: Preferred stock dividends1,1001,1001,100
Net income available to common shareholders$ 1,721,121$ 1,498,606$ 611,709
Basic earnings per common share (Note J)$ 3.85$ 3.36$ 1.42
Diluted earnings per common share (Note J)$ 3.84$ 3.35$ 1.42
Average shares (thousands)   
Basic447,507446,403431,105
Diluted448,447447,403431,782
Commodity Sales   
Revenues   
Revenues$ 20,975,462$ 15,180,264$ 7,255,259
Services   
Revenues   
Revenues$ 1,411,430$ 1,360,045$ 1,286,983

OKE Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 220,227$ 146,391
Accounts receivable, net1,532,2921,441,786
Materials and supplies148,985153,019
NGLs and natural gas in storage431,740427,880
Commodity imbalances42,98339,609
Other current assets171,548165,689
Total current assets2,547,7752,374,374
Property, plant and equipment  
Property, plant and equipment25,015,13523,820,539
Accumulated depreciation and amortization5,062,6094,500,665
Net property, plant and equipment (Note E)19,952,52619,319,874
Investments and other assets  
Investments in unconsolidated affiliates (Note N)801,794797,613
Goodwill and net intangible assets (Note F)752,867763,295
Other assets324,132366,457
Total investments and other assets1,878,7931,927,365
Total assets24,379,09423,621,613
Current liabilities  
Current maturities of long-term debt (Note G)925,000895,814
Accounts payable1,359,4751,332,391
Commodity imbalances254,139309,054
Accrued interest233,053235,602
Operating lease liability, current (Note P)12,28913,783
Other current liabilities267,671397,975
Total current liabilities3,051,6273,184,619
Long-term debt, excluding current maturities (Note G)12,695,83412,747,636
Deferred credits and other liabilities  
Deferred income taxes (Note M)1,738,5251,166,690
Operating lease liability, noncurrent (Note P)68,11075,636
Other deferred credits331,113431,869
Total deferred credits and other liabilities2,137,7481,674,195
Commitments and contingencies (Note O)
Equity (Note H)  
Preferred stock, $0.01 par value: authorized and issued 20,000 shares at December 31, 2022, and at December 31, 202100
Common stock, $0.01 par value: authorized 1,200,000,000 shares; issued 474,916,234 shares and outstanding 447,157,771 shares at December 31, 2022; issued 474,916,234 shares and outstanding 446,138,177 shares at December 31, 20214,7494,749
Paid-in capital7,253,1547,213,861
Accumulated other comprehensive loss (Note I)(108,256)(471,351)
Retained earnings50,3960
Treasury stock, at cost: 27,758,463 shares at December 31, 2022, and 28,778,057 shares at December 31, 2021(706,158)(732,096)
Total equity6,493,8856,015,163
Total liabilities and equity$ 24,379,094$ 23,621,613