What ONEOK (OKE) Investors Need to Know Today

Large-cap utilities company ONEOK has moved 0.9% this afternoon, reaching $64.95 per share. In contrast, the average analyst target price for the stock is $71.73.

ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. The company is based in the United States. ONEOK currently returns an annual dividend yield of 5.9%.

Make Sure to Consider the Following Before Buying ONEOK:

  • ONEOK has moved 3.0% over the last year.

  • OKE has a forward P/E ratio of 13.9 based on its EPS guidance of 4.68.

  • Over the last 6 years, earnings per share (EPS) have been growing at a compounded average rate of 27.0%.

  • The company has a price to earnings growth (PEG) ratio of 1.4.

  • Its Price to Book (P/B) ratio is 4.03

ONEOK Has Irregular Cash Flows

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023-02-28 2,905,955 -1,202,057 4,108,012 26.67
2022-03-01 2,546,272 -696,854 3,243,126 -20.79
2021-02-23 1,899,068 -2,195,381 4,094,449 -29.35
2020-02-25 1,946,779 -3,848,349 5,795,128 33.89
2019-02-26 2,186,719 -2,141,475 4,328,194 137.3
2018-02-27 1,315,412 -508,514 1,823,926

ONEOK's free cash flows have a decent average of $3.9 Billion over the last 6 years, but they are highly variable since their coefficient of variability is 5326145001.9%. The compounded average growth rate over this period is 0.0%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.