Is Now the Time to Invest in ONEOK,?
November 14, 2023
🌥️Trending News
It is a good idea to consider investing in ONEOK ($NYSE:OKE), Inc. shares this Friday. The company operates in the natural gas liquids (NGL), natural gas and crude oil midstream sectors, and provides storage, gathering, processing, fractionation, transportation and marketing services for a variety of customers in the United States. With the current situation of the market, now is a great time to invest in ONEOK as it is a solid company with a track record of success and profitability. The share price is currently at an attractive level and there is potential for growth with the company ramping up its investments in its infrastructure. ONEOK is also a dividend-paying stock, which can provide shareholders with additional income while still allowing them to take advantage of any potential capital gains.
In addition, ONEOK is well-positioned to benefit from increases in demand for natural gas and other energy sources in the future, making it an attractive long-term investment. Overall, investing in ONEOK now could be beneficial to investors if they are looking for a safe and reliable source of income. With a great outlook for the company and an attractive price point, now is a great time to invest in ONEOK.
Stock Price
At this moment, ONEOK, Inc. appears to be an attractive investment option. On Monday, the stock opened at $64.2 and closed at $64.7, a 0.5% increase from its previous closing price of 64.4. This suggests that investor sentiment towards the company is trending upwards.
In addition, this could be an ideal time for investors to consider making an investment in ONEOK, Inc., as the stock’s current price may represent a good entry point for potential investors. Analysts have also noted that the company’s financial performance has been strong and that it is well positioned to benefit from the growth of the North American energy market. With the potential for growth in the North American energy market, it may be worth considering investing in ONEOK, Inc. at this time. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oneok. ONEOK“>More…
| Total Revenues | Net Income | Net Margin |
| 17.47k | 2.46k | 14.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oneok. ONEOK“>More…
| Operations | Investing | Financing |
| 3.95k | -6.03k | 2.34k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oneok. ONEOK“>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.94k | 27.64k | 27.98 |
Key Ratios Snapshot
Some of the financial key ratios for Oneok are shown below. ONEOK“>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.5% | 26.4% | 22.6% |
| FCF Margin | ROE | ROA |
| 15.1% | 21.0% | 5.6% |
Analysis
GoodWhale recently conducted an analysis of the wellbeing of ONEOK. Based on our Star Chart, we concluded that ONEOK has a very healthy score of 7/10, considering their cashflows and debt. We determined that this company is capable of paying off debt and funding future operations. Aside from the strong financials, we also classified ONEOK as ‘cheetah’ type company. This means that the company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given these attributes, we believe that ONEOK would be attractive to investors that are looking for a combination of dividend, growth, and medium asset and profitability. We believe the company is set to have a successful future if it continues to manage its finances in a proper manner. More…
Peers
ONEOK Inc is a company that operates in the energy sector. The company is involved in the gathering, processing, storage, and transportation of natural gas and natural gas liquids. The company has operations in the United States, Canada, and Mexico. The company’s competitors include Kinder Morgan Inc, Energy Transfer LP, Enterprise Products Partners LP.
– Kinder Morgan Inc ($NYSE:KMI)
Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. It owns or operates an extensive network of pipelines and terminals that transport petroleum products, natural gas, and other products. The company also owns and operates a fleet of liquefied natural gas (LNG) carriers. Kinder Morgan has a market capitalization of $40.72 billion as of 2022 and a return on equity of 7.82%. The company is headquartered in Houston, Texas.
– Energy Transfer LP ($NYSE:ET)
Energy Transfer LP is a publicly traded partnerships that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas gathering and processing facilities, and crude oil pipelines. Energy Transfer LP is headquartered in Dallas, Texas.
– Enterprise Products Partners LP ($NYSE:EPD)
Enterprise Products Partners LP is a publicly traded partnership that owns and operates a diversified portfolio of energy assets. The company has a market cap of 54.94B and a ROE of 15.44%. The company’s operations are focused on natural gas, crude oil, and NGL (natural gas liquids) transportation, storage, and processing. The company also owns and operates a network of natural gas pipelines and gathering systems, as well as crude oil and NGL terminals and storage facilities.
Summary
ONEOK, Inc. is an energy midstream service provider that operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. Analysts further note that ONEOK’s recent acquisition of American Energy – Midstream should further support growth in the near future. In summary, ONEOK appears to be a promising investment opportunity with strong fundamentals and potential for further growth.
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