Is ONEOK Stock a Good Investment?

ONEOK Investment Advice

OKE

To provide specific investment advice or recommendations on ONEOK Inc stock, we recommend investors consider the following general factors when evaluating ONEOK Inc. This will help you to make an informed decision on whether to include ONEOK in one of your diversified portfolios:

Examine ONEOK's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research ONEOK's leadership team and their track record. Good management can help ONEOK navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Oil & Gas Storage & Transportation space and any emerging trends that could impact ONEOK's business and its evolving consumer preferences.
Compare ONEOK's performance and market position to its competitors. Analyze how ONEOK is positioned in terms of product offerings, innovation, and market share.
Check if ONEOK pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about ONEOK's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in ONEOK Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if ONEOK Inc is a good investment.

Sell

Buy

Strong Sell

Macroaxis provides advice on ONEOK Inc to complement and cross-verify current analyst consensus on ONEOK Inc. Our recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure ONEOK is not overpriced, please check all ONEOK Inc fundamentals, including its net income, short ratio, and the relationship between the price to sales and debt to equity . Given that ONEOK Inc has a price to earning of 25.37 X, we recommend you to check out ONEOK Inc market performance and probability of bankruptcy to ensure the company can sustain itself next year given your recent risk tolerance and investing horizon.

Market Performance	Solid	Details
Volatility	Very steady	Details
Hype Condition	Over hyped	Details
Current Valuation	Overvalued	Details
Odds Of Distress	Low	Details
Economic Sensitivity	Follows the market closely	Details
Investor Sentiment	Interested	Details
Analyst Consensus	Buy	Details
Financial Strenth (F Score)	Healthy	Details
Financial Leverage	Not Rated	Details
Reporting Quality (M-Score)	Unlikely Manipulator	Details

Examine ONEOK Stock

Researching ONEOK's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 72.0% of the company shares are owned by institutional investors. The book value of ONEOK was now reported as 28.91. The company last dividend was issued on the 1st of November 2024. ONEOK Inc had 11422:1000 split on the 3rd of February 2014.

To determine if ONEOK is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding ONEOK's research are outlined below:

	ONEOK Inc has 21.76 B in debt with debt to equity (D/E) ratio of 2.27, meaning that the company heavily relies on borrowing funds for operations. ONEOK Inc has a current ratio of 0.81, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for ONEOK to invest in growth at high rates of return.
	About 72.0% of ONEOK shares are owned by institutional investors
	On 14th of November 2024 ONEOK paid $ 0.99 per share dividend to its current shareholders
	Latest headline from gurufocus.com: ONEOK Inc Shares Up 3.17 percent on Nov 21

ONEOK Quarterly Accounts Payable

1.25 Billion

ONEOK uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in ONEOK Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to ONEOK's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	26th of February 2024 Upcoming Quarterly Report	View
	7th of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	26th of February 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

Earnings surprises can significantly impact ONEOK's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises ONEOK's investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2002-10-30	2002-09-30	0.08	0.09	0.01	12
1997-09-25	1997-06-30	-0.05	-0.04	0.01	20
1994-10-06	1994-09-30	-0.03	-0.04	-0.01	33
2007-10-31	2007-09-30	0.05	0.07	0.02	40
2006-11-01	2006-09-30	0.09	0.11	0.02	22
2004-11-01	2004-09-30	0.08	0.1	0.02	25
2003-07-31	2003-06-30	0.1	0.12	0.02	20
2002-02-26	2001-12-31	0.15	0.17	0.02	13

Know ONEOK's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as ONEOK is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ONEOK Inc backward and forwards among themselves. ONEOK's institutional investor refers to the entity that pools money to purchase ONEOK's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Bank Of New York Mellon Corp	2024-06-30	4.8 M
Norges Bank	2024-06-30	4.8 M
Goldman Sachs Group Inc	2024-06-30	4.5 M
Ubs Group Ag	2024-06-30	4.5 M
Nuveen Asset Management, Llc	2024-06-30	4.2 M
Ubs Asset Mgmt Americas Inc	2024-09-30	3.9 M
Jpmorgan Chase & Co	2024-06-30	3.8 M
Hhg Plc	2024-06-30	3.7 M
Dimensional Fund Advisors, Inc.	2024-09-30	3.7 M
Vanguard Group Inc	2024-09-30	69.6 M
Blackrock Inc	2024-06-30	50.9 M

Note, although ONEOK's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

ONEOK's market capitalization trends

The company currently falls under 'Large-Cap' category with a total capitalization of 68.2 B.

Market Cap

15.64 Billion

ONEOK's profitablity analysis

	Last Reported	Projected for Next Year
Return On Tangible Assets	0.07	0.07
Return On Capital Employed	0.10	0.08
Return On Assets	0.06	0.06
Return On Equity	0.16	0.18

The company has Net Profit Margin of 0.14 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.23 %, which entails that for every 100 dollars of revenue, it generated $0.23 of operating income.

Determining ONEOK's profitability involves analyzing its financial statements and using various financial metrics to determine if ONEOK is a good buy. For example, gross profit margin measures ONEOK's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of ONEOK's profitability and make more informed investment decisions.

Please note, the presentation of ONEOK's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ONEOK's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of ONEOK's management manipulating its earnings.

Evaluate ONEOK's management efficiency

ONEOK Inc has Return on Asset of 0.06 % which means that on every $100 spent on assets, it made $0.06 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1688 %, implying that it generated $0.1688 on every 100 dollars invested. ONEOK's management efficiency ratios could be used to measure how well ONEOK manages its routine affairs as well as how well it operates its assets and liabilities. At present, ONEOK's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.18, whereas Return On Capital Employed is forecasted to decline to 0.08. At present, ONEOK's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 334.9 M, whereas Total Current Assets are forecasted to decline to about 2.1 B.

	Last Reported	Projected for Next Year
Book Value Per Share	34.04	35.74
Tangible Book Value Per Share	21.09	22.15
Enterprise Value Over EBITDA	13.14	7.74
Price Book Value Ratio	2.06	1.96
Enterprise Value Multiple	13.14	7.74
Price Fair Value	2.06	1.96
Enterprise Value	5.3 B	5.6 B

Understanding the management dynamics of ONEOK Inc allows us to gauge its ability to sustain growth and profitability. This comprehensive analysis aids in determining the stock's value.

Dividend Yield

0.0339

Forward Dividend Yield

0.0339

Forward Dividend Rate

3.96

Beta

1.625

Basic technical analysis of ONEOK Stock

As of the 23rd of November, ONEOK holds the Risk Adjusted Performance of 0.2434, semi deviation of 1.27, and Mean Deviation of 1.09. Concerning fundamental indicators, the technical analysis model allows you to check practical technical drivers of ONEOK, as well as the relationship between them. Please check ONEOK Inc variance, as well as the relationship between the maximum drawdown and semi variance to decide if ONEOK Inc is priced more or less accurately, providing market reflects its current price of 117.05 per share. Given that ONEOK has jensen alpha of 0.3952, we recommend you to check out ONEOK Inc's recent market performance to make sure the company can sustain itself at some point in the future.

ONEOK's insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific ONEOK insiders, such as employees or executives, is commonly permitted as long as it does not rely on ONEOK's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases ONEOK insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

		Kevin Burdick over a month ago Acquisition by Kevin Burdick of tradable shares of ONEOK at 95.27 subject to Rule 16b-3
		Lyndon Taylor over two months ago Acquisition by Lyndon Taylor of tradable shares of ONEOK at 95.27 subject to Rule 16b-3
		Pattye Moore over two months ago Disposition of 3379 shares by Pattye Moore of ONEOK at 92.01 subject to Rule 16b-3
		Pattye Moore over two months ago Disposition of 3379 shares by Pattye Moore of ONEOK at 92.01 subject to Rule 16b-3
		Pierce Norton over three months ago Acquisition by Pierce Norton of tradable shares of ONEOK at 88.4 subject to Rule 16b-3
		Pierce Norton over three months ago Acquisition by Pierce Norton of tradable shares of ONEOK at 84.66 subject to Rule 16b-3
		Randall Larson over six months ago Acquisition by Randall Larson of 2082 shares of ONEOK at 81.66 subject to Rule 16b-3
		Sheridan Swords over six months ago Acquisition by Sheridan Swords of tradable shares of ONEOK at 83.01 subject to Rule 16b-3
		Kevin Burdick over six months ago Acquisition by Kevin Burdick of tradable shares of ONEOK at 80.17 subject to Rule 16b-3
		Charles Kelley over six months ago Acquisition by Charles Kelley of tradable shares of ONEOK at 78. subject to Rule 16b-3
		Taylor Lyndon C over a year ago Acquisition by Taylor Lyndon C of 7747 shares of ONEOK subject to Rule 16b-3
		Sheridan Swords over a year ago Acquisition by Sheridan Swords of 16873 shares of ONEOK subject to Rule 16b-3

ONEOK's Outstanding Corporate Bonds

ONEOK issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. ONEOK Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most ONEOK bonds can be classified according to their maturity, which is the date when ONEOK Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

	US682691AA80 Corp Bond US682691AA80	View
	US682691AB63 Corp Bond US682691AB63	View
	US682691AC47 Corp Bond US682691AC47	View
	Boeing Co 2196 Corp Bond US097023DG73	View
	HSBC Holdings PLC Corp Bond US404280DR76	View
	ONEOK PARTNERS L Corp Bond US68268NAM56	View
	ONEOK PARTNERS L Corp Bond US68268NAP87	View
	ONEOK PARTNERS L Corp Bond US68268NAD57	View

View All ONEOK Corporate Bonds

Understand ONEOK's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing ONEOK's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	0.2434
	Market Risk Adjusted Performance	0.6888
	Mean Deviation	1.09
	Semi Deviation	1.27
	Downside Deviation	1.59
	Coefficient Of Variation	319.95
	Standard Deviation	1.51
	Variance	2.29
	Information Ratio	0.2402
	Jensen Alpha	0.3952
	Total Risk Alpha	0.2657
	Sortino Ratio	0.2283
	Treynor Ratio	0.6788
	Maximum Drawdown	8.37
	Value At Risk	(1.61)
	Potential Upside	2.9
	Downside Variance	2.54
	Semi Variance	1.6
	Expected Short fall	(1.33)
	Skewness	(0.97)
	Kurtosis	3.8

	Risk Adjusted Performance	0.2434
	Market Risk Adjusted Performance	0.6888
	Mean Deviation	1.09
	Semi Deviation	1.27
	Downside Deviation	1.59
	Coefficient Of Variation	319.95
	Standard Deviation	1.51
	Variance	2.29
	Information Ratio	0.2402
	Jensen Alpha	0.3952
	Total Risk Alpha	0.2657
	Sortino Ratio	0.2283
	Treynor Ratio	0.6788
	Maximum Drawdown	8.37
	Value At Risk	(1.61)
	Potential Upside	2.9
	Downside Variance	2.54
	Semi Variance	1.6
	Expected Short fall	(1.33)
	Skewness	(0.97)
	Kurtosis	3.8

Consider ONEOK's intraday indicators

ONEOK intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of ONEOK stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	45602.87
	Daily Balance Of Power	0.2041
	Rate Of Daily Change	1.0
	Day Median Price	117.34
	Day Typical Price	117.24
	Price Action Indicator	(0.13)
	Period Momentum Indicator	0.3

ONEOK Corporate Filings

8K	13th of November 2024 Report filed with the SEC to announce major events that shareholders should know about	View Verify
F4	12th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
10Q	30th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations	View Verify
	13th of September 2024 Other Reports	View Verify

ONEOK time-series forecasting models is one of many ONEOK's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary ONEOK's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

ONEOK Stock media impact

Far too much social signal, news, headlines, and media speculation about ONEOK that are available to investors today. That information is available publicly through ONEOK media outlets and privately through word of mouth or via ONEOK internal channels. However, regardless of the origin, that massive amount of ONEOK data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of ONEOK news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of ONEOK relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to ONEOK's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive ONEOK alpha.

ONEOK Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards ONEOK can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

ONEOK Inc Historical Investor Sentiment

Investor biases related to ONEOK's public news can be used to forecast risks associated with an investment in ONEOK. The trend in average sentiment can be used to explain how an investor holding ONEOK can time the market purely based on public headlines and social activities around ONEOK Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

ONEOK's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ONEOK and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average ONEOK news discussions. The higher the estimate score, the more favorable the investor's outlook on ONEOK.

ONEOK Corporate Directors

Brian Derksen	Independent Director	Profile
Gerald Smith	Independent Director	Profile
Randall Larson	Independent Director	Profile
Julie Edwards	Lead Independent Director	Profile

When determining whether ONEOK Inc is a strong investment it is important to analyze ONEOK's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ONEOK's future performance. For an informed investment choice regarding ONEOK Stock, refer to the following important reports: