What ONEOK (OKE) Investors Need to Know

By Scott Lee • Monday, December 18 17:33 • Permanent Link

More and more people are talking about ONEOK over the last few weeks. Is it worth buying the Oil & Gas Drilling stock at a price of $68.25? Only time will tell. The information below will give you a basic idea of what this investment may entail:

ONEOK has moved 7.2% over the last year, and the S&P 500 logged a change of 23.6%
OKE has an average analyst rating of buy and is -9.81% away from its mean target price of $75.67 per share
Its trailing earnings per share (EPS) is $5.44
ONEOK has a trailing 12 month Price to Earnings (P/E) ratio of 12.5 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $4.96 and its forward P/E ratio is 13.8
The company has a Price to Book (P/B) ratio of 2.44 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 17.53 and an average P/B of 1.71
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 $1.06 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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 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. Additionally, it transports, stores, and distributes refined products, NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending, fractionation, and marketing activities. 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. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

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.