ONEOK (OKE) shares are falling after analysts at JPMorgan downgraded the stock to 'neutral'. Tony Owusu Oct 2, 2014 9:46 AM EDT NEW YORK (TheStreet) -- ONEOK (OKE) - Get ONEOK Inc. Report shares are down 1% to $64.06 on Thursday after analysts at JPMorgan Chase lowered its rating to "neutral" from "overweight".
Full Answer
Is ONEOK stock overvalued or undervalued?
The P/E ratio of ONEOK is 18.99, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 12.82. ONEOK has a PEG Ratio of 2.20. PEG Ratios above 1 indicate that a company could be overvalued. ONEOK has a P/B Ratio of 4.47.
Why did ONEOK stock plunge 67% in March?
Shares of ONEOK ( NYSE:OKE) plummeted 67.3% in March, according to data provided by S&P Global Market Intelligence. Weighing on the pipeline company was a more-than-50% nosedive in the price of oil. Crude oil prices cratered last month because of the COVID-19 outbreak and the collapse of Russia's market support agreement with OPEC.
What is the upside for ONEOK stock?
Their forecasts range from $61.00 to $70.00. On average, they expect ONEOK's stock price to reach $64.63 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View analysts' price targets for ONEOK or view top-rated stocks among Wall Street analysts.
What is ONEOK's stock symbol?
ONEOK trades on the New York Stock Exchange (NYSE) under the ticker symbol "OKE." Who are ONEOK's major shareholders? ONEOK's stock is owned by many different retail and institutional investors.
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Is oneok a good investment?
OKE boasts a Value Style Score of B and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Shares of Oneok Inc. are trading at a forward earnings multiple of 16.5X, as well as a PEG Ratio of 2, a Price/Cash Flow ratio of 13.4X, and a Price/Sales ratio of 1.7X.
Is OKE stock a good long term investment?
Overall, the evidence points towards ONEOK, Inc. being a strong investment option for those who want long-term dividend stocks. The company has a long history and is in a secure industry. It currently has a good cash flow situation and the company is expanding and diversifying.
Is OKE a good dividend stock?
Summary. After fighting to sustain their burdensomely large dividends during 2020 and the start of 2021, ONEOK has since seen surprisingly strong performance. Their operating cash flow has surged a very impressive 30%+ year-on-year during 2021, which saw their dividend coverage reach over 100% for the first time.
Will OKE stock go up?
ONEOK Inc (NYSE:OKE) The 19 analysts offering 12-month price forecasts for ONEOK Inc have a median target of 71.00, with a high estimate of 81.00 and a low estimate of 64.00. The median estimate represents a +15.94% increase from the last price of 61.24.
Who bought Oneok?
ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) announced a definitive agreement under which ONEOK will acquire all of the outstanding common units of ONEOK Partners it does not already own for $9.3 billion in ONEOK common stock.
What months does OKE pay dividends?
OKE Dividend HistoryEx/EFF DATETYPEPAYMENT DATE04/26/2019CASH05/15/201901/25/2019CASH02/14/201911/02/2018CASH11/14/201808/03/2018CASH08/14/201832 more rows
What kind of company is OKE?
midstream service provider(pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Rocky Mountain, Mid-Continent and Permian regions with key market centers and an extensive network of natural gas gathering, processing, ...
What does ONEOK sell?
ONEOK, Inc. engages in gathering, processing, fractionating, transporting, storing and marketing of natural gas. It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.
Is Mo a buy or sell?
MO stock is technically a buy right now. Earnings growth for MO stock might tick higher this year. However, revenue has bounced between anemic growth and modest declines.
Is ONEOK a buy right now?
11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last twelve months. There are currently 1 sell rati...
Are investors shorting ONEOK?
ONEOK saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 6,430,000 shares, an increase of...
When is ONEOK's next earnings date?
ONEOK is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022. View our earnings forecast for ONEOK .
How were ONEOK's earnings last quarter?
ONEOK, Inc. (NYSE:OKE) posted its quarterly earnings results on Tuesday, May, 3rd. The utilities provider reported $0.87 earnings per share for the...
How often does ONEOK pay dividends? What is the dividend yield for ONEOK?
ONEOK declared a quarterly dividend on Thursday, April 21st. Stockholders of record on Monday, May 2nd will be given a dividend of $0.935 per share...
Is ONEOK a good dividend stock?
ONEOK pays an annual dividend of $3.74 per share and currently has a dividend yield of 5.68%. OKE has a dividend yield higher than 75% of all divid...
What guidance has ONEOK issued on next quarter's earnings?
ONEOK issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $3.45-$4.07 for th...
What price target have analysts set for OKE?
11 Wall Street analysts have issued 1-year target prices for ONEOK's shares. Their forecasts range from $62.00 to $81.00. On average, they expect O...
Who are ONEOK's key executives?
ONEOK's management team includes the following people: Mr. Pierce H. Norton II , Pres, CEO & Director (Age 62, Pay $1.33M) Mr. Walter S. Hulse I...
Several worries weighed on the pipeline company this year
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
What happened
Shares of ONEOK ( NYSE:OKE) cratered 56.1% during the first half of 2020, according to data provided by S&P Global Market Intelligence. Several factors weighed on the pipeline stock, including the impact of crashing crude prices on its balance sheet and worries about its ability to maintain its dividend.
So what
The U.S. oil price benchmark, WTI, tumbled 36% during the first half of the year. The sell-off was much worse at one point as WTI crashed into negative territory due to a lack of storage capacity. That crash weighed on most oil-related stocks, including ONEOK.
Now what
ONEOK believes it can fund its growth while continuing to pay a high-yielding dividend. But the market isn't sure the company can do both, evidenced by the fact that ONEOK yields more than 11% after its first-half sell-off.
Why did oil prices crater?
Crude oil prices cratered last month because of the COVID-19 outbreak and the collapse of Russia's market support agreement with OPEC. That's causing investors to grow concerned about how the plunge in oil prices will affect the U.S. oil industry. Image source: Getty Images.
Is Oneok going bankrupt?
Investors are worried that the slump in oil prices will destroy the finances of oil and gas producers, driving many into bankruptcy, which could force pipeline companies to renegotiate their rates. Given ONEOK's outsize exposure to some financially weaker companies, investors might want to hold off on buying its stock until there's more clarity on how much the downturn will affect its cash flow.
Is Oneok going to be down in 2020?
Currently ONEOK doesn't anticipate that the oil market downturn will have much impact on its 2020 outlook. While the company did cut $500 million from its capital project budget last month, reducing the range to between $1.6 billion and $2 billion, it still expects its earnings to be within its previous guidance.
Referenced Symbols
Shares of Oneok Inc. OKE, -1.36% tumbled 13.1% in premarket trading Thursday, after the natural gas services company announced a public offering of 26 million shares of common stock. That represents 6.3% of the shares outstanding, as of April 20.
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What is the main element of a company's history to consider when thinking about investing in dividend stocks?
The main element of a company’s history to consider when thinking about investing in dividend stocks is the dividend payouts that investors have received in the past and how this will compare to future payouts.
Is Oneok a dividend stock?
Here is an overview of the reasons why ONEOK, Inc. is a solid long-term dividend stock for you to consider adding to your portfolio. ONEOK, Inc ., is one of the largest energy midstream providers in the United States. Based in Tulsa, Oklahoma, this company was founded in 1906 and it was originally called Oklahoma Natural Gas Company.
Is Oneok a good low risk investment?
Although some investors like to take risks, most prefer to invest in companies that are low-risk. By opting for low-risk investments, they can minimize the potential for not making money from their dividend stocks. In terms of risk, Seeking Alpha says that ONEOK, Inc. dividend stocks are one of the best low-risk options.
Is Oneok a Fortune 500 company?
It is also worth noting that this company is a diversified Fortune 500 corporation, says Wikipedia. According to NASDAQ, ONEOK, Inc. is an excellent momentum stock to buy.
Is Oneok a low risk stock?
In terms of risk, Seeking Alpha says that ONEOK, Inc. dividend stocks are one of the best low-risk options. This is because the correction of 2018 has created an opportunity for investors interested in dividend growth, and ONEOK, Inc. is one of the few stocks that wasn’t affected by this severe correction.