Analyzing ONEOK (OKE) Stock – A Fundamental Review

By Emilio Sanchez • Friday, November 28 15:18 • Permanent Link

Join us for a quick overview of ONEOK, a Oil & Gas Drilling company whose shares moved 1.8% today. Here are some facts about the stock that should help you see the bigger picture:

ONEOK has moved -37.1% over the last year, and the S&P 500 logged a change of 12.9%
OKE has an average analyst rating of buy and is -17.99% away from its mean target price of $88.79 per share
Its trailing earnings per share (EPS) is $5.44
ONEOK has a trailing 12 month Price to Earnings (P/E) ratio of 13.4 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $5.97 and its forward P/E ratio is 12.2
The company has a Price to Book (P/B) ratio of 2.08 in contrast to the S&P 500's average ratio of 4.74
ONEOK is part of the Utilities sector, which has an average P/E ratio of 21.16 and an average P/B of 2.36
OKE has reported YOY quarterly earnings growth of 26.2% and gross profit margins of 0.3%
The company has a free cash flow of $1.43 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in 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, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. 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.