ONEOK Inc. (OKE)Growth Analysis: Profit Driven by Strength

ONEOK Inc. (OKE) is owned by a number of high-value investors. Its largest direct holder is John W. Gibson Non-Executive Chairman of the Board with 918,637 shares. The second-largest direct holder is Terry K. Spencer Director, President and Chief Executive officer, with 475,657 shares of the company’s stock. In third place with 232,654 shares of OKE is Robert F. Martinovich Executive Vice President and Chief Administrative Officer.

Now turning to institutional ownership of ONEOK Inc. (OKE), The Vanguard Group, Inc. is the top holder with 47.45 million shares. The next largest fund holder of this company’s stock is BlackRock Fund Advisors with 27.26 million shares. In the third-place spot with 19.94 million shares is SSgA Funds Management, Inc..

This company’s stock price was $70.19 at the previous market close, with its latest volume reaching 1682304. Compare that to its average daily volume of 1.93M. Given the fact that this stock has 415.29M shares outstanding, its current market value is sitting at $29.15B. This publicly-traded stock’s 60-month Beta is 1.13. Its Price to Sales ratio is 2.74, its Price to Cash Flow ratio is 43.29, and its Price to Book ratio is 4.67.

OKE stock has achieved a 5-day range of $69.79 to $71.95, with a total performance of -2.26% during that period. Meanwhile, in the past month of trading, this stock has traded in the range of $69.31 to $72.56, generating a -0.09% change during the period. In the past three months, this stock’s price has changed by -0.59%, trading in the range of $68.07 to $77.21.

In the past 5 days, shares of OKE have made a new high 1 time. In the last month, it has made a new high 2 times, and in the past 3 months, it has made a new high 7 times.

Now let’s turn to this public company’s earnings. For the quarter ending 9/29/2019, the earnings per share (EPS) was reported at 0.74. This is a 0 difference compared to the consensus estimate of 0.74, amounting to an earnings surprise of 0.00%. In the previous quarter, which ended in 9/29/2019, the consensus estimate was 0.71, making for an earnings surprise of 5.60%. For the quarter ending 3/30/2019, EPS was reported at 0.81, generating a 11.00% earnings surprise.

The Net Income for the most recent full fiscal year, which ended in 12-2018, was $1.16 billion. This is compared to the prior year, where Net Income was $593.52 million. Meanwhile, this company’s Operating Cash Flow was $2.19 billion for the year, compared to $1.32 billion in 2017. Capital Expenditures for the year were reportedly -$2.14 billion, compared to -$512.39 million, and Free Cash flow was $45.24 million compared to the prior year’s $803.02 million.

ONEOK Inc. (OKE) stock currently has a Financial Strength score of 3/10. This is due to a combination of factors, including a Cash to Debt ratio of 0.05, an Equity to Asset ratio of 0.29, a Debt to Equity ratio of 2.01 and a Debt to EBITDA of 4.88. The Interest Coverage of this stock is 3.95, its Piotroski F-Score is 6, its Altman Z-Score is 2.01.

This publicly-traded company’s Profitability and Growth score is 6/10, thanks to a combination of things: an Operating Margin of 17.88, a Net Margin of 11.76, a ROE of 19.39, and a ROC of 13.49.

Shifting focus now to Valuation and Return for OKE, this company’s Price to Tangible Book is 5.51 and its Price to Median PS Value is 3.11. Price to Peter Lynch Fair Value for OKE is now 0.00, and this organization’s Price to Graham Number is 2.39. Meanwhile, its Forward Rate of Return (Yactman) is -2.97.

Certain ratios provide helpful insights into how a stock is performing. The Quick Ratio for OKE is sitting at 0.95, while its Current Ratio is 1.26. This stock’s PB Ratio is 4.65, its PS Ratio is 2.73, its Forward PE Ratio is 18.05, and its PE Ratio without NRI is 23.32. Similarly, its Shiller PE Ratio is 36.7, its Price to Owner Earnings is 53.43, its Price to Operating Cash Flow is 14.58.