ONEOK stock: buy or sell?
July 16th, 2019
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|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.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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-1||Jefferies Financial Group||Buy||Hold|
|2019-1-8||Sanford C. Bernstein||Market Perform||Outperform|
|2019-1-8||JPMorgan Chase & Co.||Neutral||Overweight|
ONEOK stock analysis
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.
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%).
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 $72.00Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-4-3||UBS Group||Raises Target||$68.00||$69.00||1.5%|
|2019-4-1||Jefferies Financial Group||Downgrades||$72.00||$74.00||2.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|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 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%.
|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 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:
|Market cap||$29.0 B||$11.9 B||$4.0 B||$4.4 B||$38.2 B|
|Total shares||412.8 M||111.4 M||265.0 M||85.8 M||274.2 M|
|Float shares||410.0 M||115.7 M||253.1 M||84.1 M||274.0 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, July 16th, 2019|
|Day range||$69.77 - $70.90|
|Average true range||$0.89|
|50d mov avg||$67.06|
|100d mov avg||$67.31|
|200d mov avg||$64.06|
ONEOK performanceTo 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:
|NFGNational Fuel Gas||-11.73%||-6.47%||-1.77%|
ONEOK competitorsOne 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
- 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