Worth Watching Stocks: ONEOK Inc. (NYSE:OKE)


ONEOK Inc. (NYSE:OKE) added 4.75% and closed its last session at $54.93. The stock has the market capitalization of $11.56 Billion with the total outstanding shares of 210.52 Million. ONEOK Inc.. has Analysts’ Mean Recommendation of 2.92 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 40.07 for trailing twelve months while its Forward P/E is 29.72.

ONEOK Inc. (NYSE:OKE) touched its 52-Week High of $55.75 on Nov 30, 2016 while it’s 52-Week Low of $18.84 on Dec 18, 2015. The company currently has Return on Assets of 1.8 percent, Return on Equity of 106.9% and Return on Investment of 7.3 percent. The stock currently showing Weekly Volatility of 2.99%% and Monthly Volatility of 2.87% Percent with Average True Range of 1.57 and Beta of 1.15.

The 15 analysts offering 12-month price forecasts for ONEOK Inc have a median target of 47.00, with a high estimate of 55.00 and a low estimate of 37.00. The median estimate represents a -14.44% decrease from the last price of 54.93.

Press Release:

The Company on 28 November declared third-quarter 2016 financial results.


  • Third-quarter 2016 net income attributable to ONEOK increased 12 percent and adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) increased 15 percent compared with the third quarter 2015;
  • Third-quarter 2016 dividend coverage ratio was 1.30; and
  • Third-quarter 2016 natural gas volumes processed increased 13 percent and natural gas liquids (NGL) volumes fractionated increased 3 percent, compared with the third quarter 2015.

Higher third-quarter 2016 results primarily benefited from:

  • Higher NGL fee-based exchange-services volumes primarily from recently connected natural gas processing plants in the Williston Basin;
  • Natural gas volume growth in the Williston Basin;
  • Higher average fee rates resulting from contract restructuring in the natural gas gathering and processing segment; and
  • Higher transportation revenues in the natural gas pipelines segment.

Company Profile:

ONEOK, Inc. is engaged in several aspects of the energy business. The company purchases, gathers, compresses, transports, stores, and distributes natural gas. It also leases pipeline capacity to others. The company drills for and produces oil and gas, extracts and sells natural gas liquids, and is engaged in the gas marketing business.