ONEOK stock: buy or sell?

OKE stock price: $73.29 -0.43% At close on February 26th, 2020

Updated on:
February 26th, 2020

3

After topping to all time highs on Thursday, ONEOK decreased -0.43% today to $73.29. With Wednesday it's been 4 red days in a row.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean OKE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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

Daily outlook

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.

OKE stock chart (daily)

Weekly outlook

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%).

OKE stock chart (weekly)

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 target

Predicting 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 Share

ONEOK disappointed analysts when it reported an Earnings per Share (EPS) of $0.70 when the market consensus 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 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.

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 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%.
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 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:

OKE
Market cap$30.3 B
Total shares413.1 M
Float shares410.3 M
  - Institutional holdings (%)76.9%
  - Insider holdings (%)10.6%
Shares in short selling0.0%

ONEOK summary

Wednesday, February 26th, 2020
Open$74.08
Close$73.29
Day range$72.63 - $75.45
Previous close$73.61
Session gain-0.43%
Average true range$1.51
50d mov avg$75.05
100d mov avg$72.24
200d mov avg$69.62
Daily patternlt06c
Weekly pattern lt06c

ONEOK performance

To measure stock performance is always good to benchmark with competitors or related stocks. For ONEOK, the comparison is made against .
Stock3m6m12m
OKEONEOK4.43%5.48%17.04%

ONEOK competitors

Unfortunately, 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