Here's What You May Have Missed About ONEOK (OKE)

Shares of Utilities sector company ONEOK moved -1.4% today, and are now trading at a price of $79.88. The Large-Cap stock's daily volume was 6,769,652 compared to its average volume of 2,642,301. The S&P 500 index returned a -0.0% performance.

ONEOK, Inc. 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 Tulsa and has 4,775 full time employees. Its market capitalization is $46,621,720,576. ONEOK currently offers its equity investors a dividend that yields 4.8% per year.

16 analysts are following ONEOK and have set target prices ranging from $77.0 to $93.0 per share. On average, they have given the company a rating of buy. At today's prices, OKE is trading -6.03% away from its average analyst target price of $85.01 per share.

Over the last year, OKE's share price has increased by 36.3%, which represents a difference of 10.1% when compared to the S&P 500. The stock's 52 week high is $83.31 per share whereas its 52 week low is $57.85. With average free cash flows of $704.39 Million that have been growing at an average rate of 32.2% over the last 5 years, ONEOK is in a position to continue its strong stock performance trend.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023 4,421,000 1,595,000 2,826,000 65.85
2022 2,906,000 1,202,000 1,704,000 -7.84
2021 2,546,000 697,000 1,849,000 724.0
2020 1,899,068 2,195,381 -296,313 84.42
2019 1,946,779 3,848,349 -1,901,570 -4302.92
2018 2,186,719 2,141,475 45,244
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.