Market Cap
US$20.2b
Last Updated
2021/02/26 23:13 UTC
Data Sources
Company Financials +
Executive Summary
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. More Details
Rewards
Risk Analysis
Dividend of 8.44% is not well covered by earnings or forecast to be in the next 3 years
+ 1 more risk
Snowflake Analysis
Reasonable growth potential average dividend payer.
Similar Companies
Share Price & News
How has ONEOK's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OKE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: OKE's weekly volatility has decreased from 13% to 5% over the past year.
Market Performance
7 Day Return
-3.3%
OKE
7.3%
US Oil and Gas
-3.2%
US Market
1 Year Return
-33.6%
OKE
9.1%
US Oil and Gas
38.9%
US Market
Return vs Industry: OKE underperformed the US Oil and Gas industry which returned 9.1% over the past year.
Return vs Market: OKE underperformed the US Market which returned 38.9% over the past year.
Shareholder returns
| OKE | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | 7.3% | -3.2% |
| 30 Day | 9.2% | 17.2% | -0.8% |
| 90 Day | 19.0% | 26.4% | 3.1% |
| 1 Year | -25.2%-33.6% | 16.7%9.1% | 42.0%38.9% |
| 3 Year | -3.1%-22.4% | -11.4%-24.0% | 60.6%50.3% |
| 5 Year | 133.2%68.0% | 5.7%-15.2% | 128.0%102.5% |
Long-Term Price Volatility Vs. Market
How volatile is ONEOK's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Is ONEOK (NYSE:OKE) A Risky Investment?2 weeks ago | Simply Wall St
Are ONEOK's (NYSE:OKE) Statutory Earnings A Good Reflection Of Its Earnings Potential?1 month ago | Simply Wall St
ONEOK, Inc. (NYSE:OKE) Has A ROE Of 10%Valuation
Is ONEOK undervalued compared to its fair value and its price relative to the market?
3.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OKE ($44.29) is trading below our estimate of fair value ($45.95)
Significantly Below Fair Value: OKE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: OKE is poor value based on its PE Ratio (31.2x) compared to the US Oil and Gas industry average (10.3x).
PE vs Market: OKE is poor value based on its PE Ratio (31.2x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: OKE is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: OKE is overvalued based on its PB Ratio (3.3x) compared to the US Oil and Gas industry average (1.4x).
Next Steps
Future Growth
How is ONEOK forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
17.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OKE's forecast earnings growth (17.9% per year) is above the savings rate (2%).
Earnings vs Market: OKE's earnings (17.9% per year) are forecast to grow slower than the US market (20.2% per year).
High Growth Earnings: OKE's earnings are forecast to grow, but not significantly.
Revenue vs Market: OKE's revenue (7.9% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: OKE's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OKE's Return on Equity is forecast to be high in 3 years time (26.4%)
Next Steps
Past Performance
How has ONEOK performed over the past 5 years?
24.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OKE has a large one-off loss of $621.3M impacting its December 31 2020 financial results.
Growing Profit Margin: OKE's current net profit margins (7.2%) are lower than last year (12.5%).
Past Earnings Growth Analysis
Earnings Trend: OKE's earnings have grown significantly by 24.1% per year over the past 5 years.
Accelerating Growth: OKE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OKE had negative earnings growth (-51.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-32.7%).
Return on Equity
High ROE: OKE's Return on Equity (10.1%) is considered low.
Next Steps
Financial Health
How is ONEOK's financial position?
Financial Position Analysis
Short Term Liabilities: OKE's short term assets ($1.9B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: OKE's short term assets ($1.9B) do not cover its long term liabilities ($15.7B).
Debt to Equity History and Analysis
Debt Level: OKE's debt to equity ratio (239%) is considered high.
Reducing Debt: OKE's debt to equity ratio has reduced from 239% to 239% over the past 5 years.
Debt Coverage: OKE's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: OKE's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Next Steps
Dividend
What is ONEOK current dividend yield, its reliability and sustainability?
8.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OKE's dividend (8.44%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: OKE's dividend (8.44%) is in the top 25% of dividend payers in the US market (3.72%)
Stability and Growth of Payments
Stable Dividend: OKE's dividends per share have been stable in the past 10 years.
Growing Dividend: OKE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (263.6%), OKE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OKE's dividends in 3 years are not forecast to be well covered by earnings (107.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Terry Spencer (61 yo)
7.08yrs
Tenure
US$10,945,741
Compensation
Mr. Terry K. Spencer has been the Chief Executive Officer and President of Oneok Inc. since January 31, 2014 and January 2012 respectively. Mr. Spencer served as the Chief Executive Officer and President o...
CEO Compensation Analysis
Compensation vs Market: Terry's total compensation ($USD10.95M) is about average for companies of similar size in the US market ($USD10.48M).
Compensation vs Earnings: Terry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.08yrs | US$10.95m | 0.16% $ 32.7m | |
| CFO, Treasurer and Executive VP of Strategy & Corporate Affairs | 3.75yrs | US$2.67m | 0.030% $ 6.1m | |
| Executive VP & COO | 3.75yrs | US$2.66m | 0.025% $ 5.1m | |
| Executive VP & Chief Administrative Officer | 6yrs | US$2.05m | 0.065% $ 13.1m | |
| Senior Vice President of Natural Gas Liquids | 8.08yrs | US$2.35m | 0.043% $ 8.8m | |
| VP & Chief Accounting Officer | 1.92yrs | no data | 0.0047% $ 943.4k | |
| Vice president of Investor Relations & Corporate Affairs | no data | no data | no data | |
| Senior VP | 3.58yrs | no data | 0.017% $ 3.4m | |
| Senior Vice President of Natural Gas | 3.08yrs | no data | 0.025% $ 5.0m | |
| Vice President | 0.083yr | no data | no data | |
| Commercial Business Analyst | 5.67yrs | no data | no data |
3.8yrs
Average Tenure
55.5yo
Average Age
Experienced Management: OKE's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.08yrs | US$10.95m | 0.16% $ 32.7m | |
| Independent Director | 19.08yrs | US$230.66k | 0.00076% $ 153.5k | |
| Independent Director | 16.83yrs | US$210.50k | 0.0045% $ 909.1k | |
| Lead Independent Director | no data | US$230.73k | 0.012% $ 2.4m | |
| Independent Director | 9.08yrs | US$223.00k | 0.0060% $ 1.2m | |
| Independent Director | 13.67yrs | US$215.50k | 0.00044% $ 88.9k | |
| Independent Director | 0.17yr | US$95.58k | no data | |
| Non-Executive Chairman of the Board | 9.75yrs | US$380.34k | 0.22% $ 43.8m | |
| Independent Director | 5.17yrs | US$235.50k | 0.0045% $ 909.1k | |
| Independent Director | 2yrs | US$263.00k | 0.010% $ 2.1m | |
| Independent Director | 5.17yrs | US$210.50k | 0.0031% $ 626.3k |
8.1yrs
Average Tenure
64yo
Average Age
Experienced Board: OKE's board of directors are considered experienced (8.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.
Top Shareholders
Company Information
ONEOK, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: ONEOK, Inc.
- Ticker: OKE
- Exchange: NYSE
- Founded: 1906
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$20.202b
- Shares outstanding: 444.98m
- Website: https://www.oneok.com
Number of Employees
Location
- ONEOK, Inc.
- 100 West Fifth Street
- Tulsa
- Oklahoma
- 74103
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OKE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 1964 |
| ONK | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1964 |
| ONK | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Mar 1964 |
| 0KCI | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Mar 1964 |
| ONK | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Mar 1964 |
| O1KE34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
Biography
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Nat...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 23:13 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.