Home Sectors Energy Present Fundamentals: ONEOK (NYSE: OKE)

Present Fundamentals: ONEOK (NYSE: OKE)

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ONEOK trades as part of the energy sector and is part of the oil and gas midstream industry. The company CEO is Terry K. Spencer. ONEOK Inc is a diversified energy company. Its business operations are divided into Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.

Previous Intraday Trading Performance:

The OKE stock showed a previous change of 0.05% with an open at 64.62 and a close of 65.05. It reached an intraday high of 65.15 and a low of 64.42.

SeekingAlpha:  Midstream Not Green, No New Deals

Liquidity:

The stock has a market cap of $26.8b with 411.4m shares outstanding, of which the float is 408.0m shares. Trading volume reached 2,610,618 shares compared to its average volume of 2,933,875 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, ONEOK shares returned -1.75% and in the past 30 trading days it returned 24.49%. Over three months, it changed 5.71%. In one year it has changed 21.23% and within that year its 52-week high was 71.99 and its 52-week low was 50.26. OKE stock is 29.43% above its 52 Week Low.

Our calculations show a 200 day moving average of 63.40 and a 50 day moving average of 59.58. Currently OKE stock is trading 2.61% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Midstream Not Green, No New Deals

Earnings:

The last annual fiscal EPS for the company was reported at 1.26 that ended on 31st of December 2017, which according to the previous close, that is a PE of 51.63. Based on 7 analyst estimates, the consensus EPS for the next quarter is 0.74. The TTM EPS is 2.59, which comes to a TTM PE of 25.12. Historically, the PE high was 56.10 and the PE low was 12.60. If the stock reached its PE low, that would represent a price of 32.63, which is a decrease of -49.84%.

The following are the last four quarter reported earnings per share:
09-30-2018:  0.75
06-30-2018:  0.68
03-31-2018:  0.64
12-31-2017:  0.52

The dividend per share is currently 3.44, which is a dividend yield of 5.29%. OKE stock may not have enough earnings to cover future dividends and still be able to invest in the business, therefore the dividend may be cut in the future.

Base on our calculations, the intrinsic value per share is 62.56, which means it may be overvalued by -3.97%

Indicators to Watch:

Based on the latest filings, there is 0.80% of insider ownership and 112.60% of institutional ownership. Short-interest is 11,957,766, which is 2.91% of shares outstanding. The short-interest ratio or days-to-cover ratio is 3.75. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.24

PR Newswire:  Omnicom Group Inc. Increases Stock Dividend by 8.3% to $0.65 Per Share

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 15.33%, return on assets is 5.31%, profit margin is 9.12%, price-to-sales is 2.83 and price-to-book is 4.02.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 5  :Past Performance Score
 3  :Financial Strength Score
 5  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.