ONEOK stock: buy or sell?

OKE stock price: $70.15 -1.17% At close on July 16th, 2019

Updated on:
July 16th, 2019

5

After yesterday all time highs, ONEOK decreased a bit to $70.15.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

These 2 buy setups match with ONEOK stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is ONEOK stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 10 ratings published for OKE stock in the last month.

The general sentiment of these ratings is bullish for OKE stock, with 5 positive ratings.
Is OKE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-5-2CitigroupBuyBuy
2019-4-3UBS GroupNeutralNeutral
2019-4-16Raymond JamesStrong-BuyOutperform
2019-4-1Jefferies Financial GroupBuyHold
2019-2-5Evercore ISIn/an/a
2019-2-26UBS GroupBuyNeutral
2019-1-8Sanford C. BernsteinMarket PerformOutperform
2019-1-8JPMorgan Chase & Co.NeutralOverweight
2019-1-18SunTrust Banksn/aBuy
2019-1-10Raymond Jamesn/aStrong-Buy

ONEOK stock analysis

Daily outlook

ONEOK decreased -1.17% today to $70.15 after reaching all time highs yesterday.

After marking all time highs yesterday, ONEOK decreased -1.17% to $70.15. Since May when SMA100d and SMA200d crossed up, OKE price gained $3.30 per share (4.94%). From a daily perspective, OKE is in a short term uptrend after plotting its last bottom ($69.19, on July/9) higher than the previous bottom, and its last top ($71.43, yesterday) also over the previous top. Now trading in between its last bottom and last top OKE might consolidate in a plain range, waiting to break out over $71.43 or down under $69.19. Since price and SMA100d lines crossed up on June/26, OKE climbed $3.43 (5.14%). Yesterday, OKE hit a new all time high, pushing higher than on Friday tops. Check different trading setups that use ATHs as triggers.

OKE stock chart (daily)

Weekly outlook

Despite of closing lower ($70.15, -1.61%), ONEOK touched new all time high at $71.43. By mid June OKE boosted an amazing 6.50% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $69.95 resistance. Since late April when SMA20w and SMA40w crossed up, OKE price gained $1.87 per share (2.74%). Since late January when OKE stock price broke up the SMA40w line, it gained $8.48 (13.75%).

OKE stock chart (weekly)

ONEOK stock price history

ONEOK IPO was on October 1st, 1980 at $0.77 per share1. Since then, OKE stock surged a 9,010.40%, with a yearly average of 237.10%. If you had invested right after OKE's IPO a $1,000 in ONEOK stock in 1980, it would worth $90,104.00 today.

1: Adjusted price after possible price splits or reverse-splits.

ONEOK stock historical price chart

OKE stock reached all-time highs yesterday with a price of $71.43.

ONEOK stock price target is $72.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 5 price predictions for ONEOK stock:
OKE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-5-2CitigroupRaises Target$67.00$77.0014.9%
2019-4-3UBS GroupRaises Target$68.00$69.001.5%
2019-4-1Jefferies Financial GroupDowngrades$72.00$74.002.8%
2019-2-5Evercore ISIInitiatesn/a$68.00-
2019-1-18SunTrust BanksInitiatesn/a$72.00-
(in average)$69.00$72.004.0%
The price forecast for ONEOK stock is $72.00, moving in a range between $77.00 and $68.00. In average, analysts' outlook on OKE price target is positive, upgrading the target by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, ONEOK failed to meet the estimates of the experts and posted a disappointing EPS of $0.70 per share when experts were expecting $0.74.
OKE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.33n/a
2017-Q32017-10-310.450.43-4.4%
2017-Q42018-02-260.510.522.0%
2018-Q12018-05-010.620.643.2%
2018-Q22018-07-310.670.681.5%
2018-Q32018-10-300.710.755.6%
2018-Q42019-02-250.740.7-5.4%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, ONEOK annual revenues appreciated a beatiful 3.44% to $12,593.20 M dollars from $12,173.90 marked in 2017. When comparing 2018 vs 2017, aligned with this, profit margin (that is, the net income divided by revenues) rose a 5.96% to 9.15%.

OKE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
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 M14.91%$352 M3.9%43.70%
2017$12,174 M36.46%$388 M3.2%10.17%
2018$12,593 M3.44%$1,152 M9.1%196.95%

Quarterly financial results

ONEOK reported $3,136.70 million in revenues for 2018-Q4, a -7.58% decline 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 turnover to same quarter last year, ONEOK sales marked a hair-raising slide and plunged a -17.28%.
OKE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,730 M-$72 M2.6%-
2017-Q3$2,906 M6.46%$166 M5.7%131.19%
2017-Q4$3,792 M30.48%$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 M14.64%$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 ownership

When you are planning to buy a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For ONEOK, 0.67% of all outstanding shares are owned by its staff.

In case of ONEOK stock, 77.65% 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:

OKEATOEQTNFGSRE
Market cap$29.0 B$11.9 B$4.0 B$4.4 B$38.2 B
Total shares412.8 M111.4 M265.0 M85.8 M274.2 M
Float shares410.0 M115.7 M253.1 M84.1 M274.0 M
  - Institutional holdings (%)77.6%80.6%107.5%76.3%99.4%
  - Insider holdings (%)0.7%1.1%0.8%2.1%0.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

ONEOK summary

Tuesday, July 16th, 2019
Open$70.90
Close$70.15
Day range$69.77 - $70.90
Previous close$70.98
Session gain-1.17%
Average true range$0.89
50d mov avg$67.06
100d mov avg$67.31
200d mov avg$64.06
Daily patternlt06a
Weekly pattern lb02c

ONEOK performance

To better understand ONEOK performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare ONEOK performance to Atmos Energy, EQT, National Fuel Gas, , Southwest Gas and UGI:
Stock3m6m12m
OKEONEOK2.74%13.97%5.63%
ATOAtmos Energy8.54%13.42%19.64%
EQT -25.92%-28.41%-49.73%
NFGNational Fuel Gas-11.73%-6.47%-1.77%
SRE10.07%25.45%25.71%
SWXSouthwest Gas9.70%15.83%16.88%
UGI 0.71%-3.81%1.23%

ONEOK competitors

One check before trading any stock is to have a look a list of its competitors, in this case for ONEOK. We selected 6 companies as ONEOK competitors as they are in the same industry or have similar market objectives.

Latest ONEOK stock news