Consider This Before Taking a Position in ONEOK (OKE)

By Ken Smith • Wednesday, November 29 13:09 • Permanent Link

Join us for a quick overview of ONEOK, a Oil & Gas Drilling company whose shares moved 0.2% today. Here are some facts about the stock that should help you see the bigger picture:

ONEOK has moved 2.0% over the last year, and the S&P 500 logged a change of 13.0%
OKE has an average analyst rating of buy and is -9.85% away from its mean target price of $74.47 per share
Its trailing earnings per share (EPS) is $5.44
ONEOK has a trailing 12 month Price to Earnings (P/E) ratio of 12.3 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $4.97 and its forward P/E ratio is 13.5
The company has a Price to Book (P/B) ratio of 2.4 in contrast to the S&P 500's average ratio of 2.95
ONEOK is part of the Utilities sector, which has an average P/E ratio of 22.89 and an average P/B of 1.03
OKE has reported YOY quarterly earnings growth of 3.1% and gross profit margins of 0.3%
The company has a free cash flow of $1.55 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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. It operates through three segments: 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 provides midstream services to producers of NGLs. 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; NGL distribution pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana; and transports refined petroleum products, including unleaded gasoline and diesel from Kansas to Iowa, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it transports and stores natural gas through 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 and rail cars. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial 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. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

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