ONEOK stock: buy or sell?
September 20th, 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. 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:
|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 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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-7||Credit Suisse Group||n/a||Neutral|
|2019-8-1||Mitsubishi UFJ Financial Group||n/a||Neutral|
|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
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.
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%).
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 $74.00Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-7||Credit Suisse Group||Raises Target||$70.00||$72.00||2.9%|
|2019-8-1||Mitsubishi UFJ Financial Group||Raises Target||n/a||$77.00||-|
|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 ShareONEOK failed analysts on February when it published an Earnings per Share (EPS) of $0.70 when the analysts' forecast was $0.74.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|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 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%.
|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 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:
|Market cap||$31.3 B||$13.4 B||$2.9 B||$4.1 B||$39.1 B|
|Total shares||413.0 M||118.2 M||255.5 M||86.3 M||274.6 M|
|Float shares||410.2 M||116.8 M||252.6 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%|
|Friday, September 20th, 2019|
|Day range||$74.78 - $75.85|
|Average true range||$1.43|
|50d mov avg||$70.24|
|100d mov avg||$68.12|
|200d mov avg||$65.33|
ONEOK performanceStocks 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.
|NFGNational Fuel Gas||-12.65%||-20.54%||-13.23%|
ONEOK competitorsOne 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
- 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