ONEOK stock: buy or sell?
February 26th, 2020
ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States.
Should I buy ONEOK stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, ONEOK stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is ONEOK stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't detect any rating for OKE stock for the last 30 days.
ONEOK stock analysis
After reaching all time highs on Thursday, ONEOK decreased -0.43% to $73.29.
ONEOK decreased -0.43% to $73.29 after marking all time highs on Thursday. Since last November when OKE stock price broke up the SMA100d line, it gained $5.22 (7.67%). On Thursday, OKE hit a new all time high, pushing higher than on Feb 19th tops. Check different trading setups that use ATHs as triggers.
After climbing for 4 weeks, this week ONEOK plunged a horrible -4.89%, closing at $73.29.
Once ONEOK shares failed to resist above the support, it inevitably slid deeper. Possible next supports for OKE stock are 72.923, 70.2582 and 68.68. Not so far away is the last all-time high ONEOK marked last week. Since late April 2019 when SMA20w and SMA40w crossed up, OKE price gained $7.56 per share (11.50%). Since late October 2019 when OKE stock price broke up the SMA20w line, it gained $5.83 (8.64%).
ONEOK stock price history
ONEOK IPO was on October 1st, 1980 at $0.00 per share1. Since then, OKE stock grew a inf%, with an average of inf% per year. If you had invested $1,000 in ONEOK stock in 1980, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits.
ONEOK stock historical price chart
OKE stock reached all-time highs on Thursday with a price of $78.48.
ONEOK stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' OKE stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price forecast for ONEOK stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareONEOK disappointed analysts when it reported an Earnings per Share (EPS) of $0.70 when the market consensus was $0.74.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, ONEOK annual turnover gained a fine 3.44% to $12,593.20 million dollars from $12,173.90 marked in 2017. Likewise, its earnings margin (compared to revenues) soared to 9.15%, that is $1,151.70 million.
|2013||$14,580 M||-||$267 M1.8%||-|
|2014||$12,195 M||-16.36%||$314 M2.6%||17.85%|
|2015||$7,763 M||-36.34%||$245 M3.2%||-22.01%|
|2016||$8,921 M||14.91%||$352 M3.9%||43.70%|
|2017||$12,174 M||36.46%||$388 M3.2%||10.17%|
|2018||$12,593 M||3.44%||$1,152 M9.1%||196.95%|
Quarterly financial resultsONEOK reported $3,136.70 M in revenues for 2018-Q4, a -7.58% less compared to previous quarter. Reported quarter earnings marked $292.89 M with a profit margin of 9.34%. Profit margin remained constant a 0.11% compared to previous quarter when profit margin was 9.23%. When comparing revenues to same quarter last year, ONEOK sales marked a dreadful decrease and plummed a -17.28%.
|2017-Q2||$2,730 M||-||$72 M2.6%||-|
|2017-Q3||$2,906 M||6.46%||$166 M5.7%||131.19%|
|2017-Q4||$3,792 M||30.48%||$63 M1.7%||-61.96%|
|2018-Q1||$3,102 M||-18.20%||$265 M8.5%||319.55%|
|2018-Q2||$2,961 M||-4.56%||$281 M9.5%||6.25%|
|2018-Q3||$3,394 M||14.64%||$313 M9.2%||11.46%|
|2018-Q4||$3,137 M||-7.58%||$293 M9.3%||-6.50%|
|2019-Q1||$2,780 M||-11.37%||$337 M12.1%||15.13%|
ONEOK ownershipWhen you are planning to invest in a stock, it's always worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For ONEOK, 10.56% of all outstanding shares are owned by its staff.
In case of ONEOK stock, 76.94% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for OKE stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to ONEOK:
|Market cap||$30.3 B|
|Total shares||413.1 M|
|Float shares||410.3 M|
|- Institutional holdings (%)||76.9%|
|- Insider holdings (%)||10.6%|
|Shares in short selling||0.0%|
|Wednesday, February 26th, 2020|
|Day range||$72.63 - $75.45|
|Average true range||$1.51|
|50d mov avg||$75.05|
|100d mov avg||$72.24|
|200d mov avg||$69.62|
ONEOK performanceTo measure stock performance is always good to benchmark with competitors or related stocks. For ONEOK, the comparison is made against .
ONEOK competitorsUnfortunately, we could not find any public company that could be defined as ONEOK competitor. This doesn't mean ONEOK does not have any competitor in the market, it's just we could not detected it.
Latest ONEOK stock news
- Seeking AlphaONEOK - Healthy Dividend, Cash Flow, And Capital Investments Moving ForwardJune 21, 2019
- InvestorPlace3 Big Stock Charts for Tuesday: Intel, National-Oilwell Varco and ONEOKSeptember 11, 2018
- InvestorPlace3 Big Stock Charts for Thursday: Tiffany & Co., Celgene and OneokAugust 30, 2018