ONEOK stock: buy or sell?

OKE stock price: $75.77 0.91% At close on September 20th, 2019

Updated on:
September 20th, 2019

5

After marking all time highs on Monday, ONEOK raised 0.91% to $75.77.

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. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

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 posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 14 ratings published for OKE stock in the last 30 days.

The general sentiment of these ratings is bullish for OKE stock, with 6 positive ratings.
Is OKE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-7Credit Suisse Groupn/aNeutral
2019-8-6ArgusBuyAverage
2019-8-12UBS GroupNeutralBuy
2019-8-1Mitsubishi UFJ Financial Groupn/aNeutral
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

After topping to all time highs on Monday, ONEOK raised 0.91% to $75.77.

ONEOK raised 0.91% to $75.77 after reaching all time highs on Monday. OKE is retaking the upward trend marking a new rising bottom heading to break out over $77.21. On May, SMA100d and SMA200d crossed up triggering a rise of 14.79%. On August/8 OKE price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On Monday, OKE hit a new all time high, pushing higher than on September/13 tops. Check different trading setups that use ATHs as triggers.

OKE stock chart (daily)

Weekly outlook

ONEOK shares set new all time highs back again this week, setting highs to $77.21. Shares closed at $75.77 and gained 1.73% during the week. For 4 weeks in a row, price climbed and marked a profit of 12.06%. Late August OKE boosted a superb 5.43% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $69.07 resistance. Since SMA20d and SMA40w crossed up late April, OKE price climbed $8.34 per share (12.37%). Since late January when OKE stock price broke up the SMA40w line, it gained $14.88 (24.44%).

OKE stock chart (weekly)

ONEOK stock price history

ONEOK IPO was on October 13th, 1980 at $0.00 per share1. Since then, OKE stock grew a inf%, with a yearly average of inf%. If you had invested right after OKE's IPO a $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 Monday with a price of $77.21.

ONEOK stock price target is $74.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. 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 found 9 price predictions for OKE stock:
OKE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-7Credit Suisse GroupRaises Target$70.00$72.002.9%
2019-8-6ArgusRaises Targetn/a$82.00-
2019-8-12UBS GroupUpgrades$69.00$75.008.7%
2019-8-1Mitsubishi UFJ Financial GroupRaises Targetn/a$77.00-
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)$69.20$74.007.0%
Moving in a range from $82.00 and $68.00, the price forecast for ONEOK stock is $74.00. In average, analysts' outlook on OKE price target is positive, improving the forecast by a 7.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

ONEOK failed analysts on February when it published an Earnings per Share (EPS) of $0.70 when the analysts' forecast was $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 turnover gained a good 3.44% to $12,593.20 M dollars from $12,173.90 marked in 2017. When comparing 2018 vs 2017, similarly, profit margin (that is, the net income divided by revenues) jumped 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 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 stayed steady 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 bloodcurdling slide and plummed 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 shares of a stock, it's always worth to have a look its ownership structure.

ONEOK shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.67% of all shares.

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$31.3 B$13.4 B$2.9 B$4.1 B$39.1 B
Total shares413.0 M118.2 M255.5 M86.3 M274.6 M
Float shares410.2 M116.8 M252.6 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

Friday, September 20th, 2019
Open$75.34
Close$75.77
Day range$74.78 - $75.85
Previous close$75.09
Session gain0.91%
Average true range$1.43
50d mov avg$70.24
100d mov avg$68.12
200d mov avg$65.33
Daily patternlb02a
Weekly pattern lb02c

ONEOK performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose Atmos Energy, EQT, National Fuel Gas, , Southwest Gas and UGI as the bechmarking frame for ONEOK stock.
Stock3m6m12m
OKEONEOK11.30%12.59%15.50%
ATOAtmos Energy5.62%10.96%22.65%
EQT -24.49%-40.97%-55.94%
NFGNational Fuel Gas-12.65%-20.54%-13.23%
SRE2.29%14.44%27.25%
SWXSouthwest Gas0.46%11.19%17.70%
UGI -6.97%-9.55%-6.59%

ONEOK competitors

One check before investing in 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