ONEOK moved -2.6% this afternoon session, trading between a high of $63.9099 and a low of $61.61 per share. Yesterday the stock finished at $63.43 per share, compared to an average analyst target price of $72.13.
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. The large-cap oil & gas production company is based in the United States, and over the last twelve months it has returned a dividend yield of 6.0%. ONEOK has trailing twelve months earnings per share (EPS) of 5.42, which at today's prices amounts to a price to earnings (P/E) ratio of 11.4.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 1.35. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-28 | 22,386,892 | -17,909,866 | 20 | -23.08 |
| 2022-03-01 | 16,540,309 | -12,256,655 | 26 | -35.0 |
| 2021-02-23 | 8,542,242 | -5,110,146 | 40 | 21.21 |
| 2020-02-25 | 10,164,367 | -6,788,040 | 33 | 32.0 |
| 2019-02-26 | 12,593,196 | -9,422,708 | 25 | 13.64 |
| 2018-02-27 | 12,173,907 | -9,538,045 | 22 |
ONEOK's 27.7% average gross margins are thinner than the 64.45% average of the Oil & Gas Drilling industry, implying that the firm might be lacking in competitivity.
