Overall Fundamental outlook

Business Operations:

Sector: Energy
Industry: Oil & Gas Midstream

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.

Revenue projections:

Revenue projections for OKE
Revenue projections for OKE

OKE's projected revenue decline from last year is likely to make investors cautious. Lower revenues often hurt a company's bottom line, leading investors to be concerned about the company's ability to maintain profitability and deliver strong financial results in the future.

Financial Ratios:

currentRatio 0.705000
forwardPE 14.064697
debtToEquity 146.453000
earningsGrowth -0.015000
revenueGrowth 0.295000
grossMargins 0.304970
operatingMargins 0.169770
trailingEps 5.420000
forwardEps 6.157260

OKE's Forward PE is at a healthy level, meaning the stock price is aligned favorably with earnings. This suggests that the stock isn't overpriced, providing room for growth and making it an appealing option for investors looking to capitalize on potential future gains.
OKE's high debt-to-equity ratio suggests a heavily leveraged capital structure. The company relies on debt to fund operations, which could heighten financial risks, particularly if economic conditions deteriorate or profitability declines.
OKE's forward EPS surpassing its trailing EPS signals projected growth in profitability, with the company expected to perform better this year. This forecast suggests that OKE's earnings will improve compared to the previous financial year, highlighting optimism in its financial outlook.

Price projections:

Price projections for OKE
Price projections for OKE

Over time, ONEOK, Inc.'s price projections have been revised higher, signaling growing confidence in the company's future. This upward trend suggests analysts anticipate strong performance and increased market value for ONEOK, Inc..

Insider Transactions:

Insider Transactions for OKE
Insider Transactions for OKE


1 ONEOK, Inc. stock purchases took place, with market price of 65.36000061035156.The period under consideration saw no buy transactions.The trend of more sells than buys around OKE's current price levels suggests possible weakness. If this pattern continues, it could lead to additional price declines, as selling pressure might increase, signaling investor concerns.

Recommendation changes over time:

Recommendations trend for OKE
Recommendations trend for OKE


Analysts' buy bias toward ONEOK, Inc. suggests the stock is seen as a solid investment, potentially motivating investors to consider it for their portfolios. With this positive outlook, ONEOK, Inc. is likely to be viewed as a secure place to allocate funds, driving further interest in the stock.