NYSE:OKEOil and Gas
ONEOK (OKE): Margin Decline Challenges Long-Term Growth Narrative Despite Discounted Valuation
ONEOK (OKE) posted earnings growth averaging 25% per year across the last five years, with high-quality profits that have stood out in the sector. However, in the most recent period, net profit margins slipped to 10.6% from 14% a year ago, and earnings rose by 19.3%, coming in below the five-year trend. Looking ahead, analysts see annual earnings growth slowing to 6.85% and revenue growing 3.2% per year, both trailing broader US market expectations.
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