Oneok Inc Stock Buy Hold or Sell Recommendation
| OKE Stock | USD 77.85 0.85 1.08% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding ONEOK Inc is 'Strong Buy'. Macroaxis provides ONEOK buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ONEOK positions. The advice algorithm takes into account all of ONEOK's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting ONEOK's buy or sell advice are summarized below:
Real Value 81.62 | Target Price 73.63 | Hype Value 77.85 | Market Value 77.85 | Naive Value 78.46 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell ONEOK Inc given historical horizon and risk tolerance towards ONEOK. When Macroaxis issues a 'buy' or 'sell' recommendation for ONEOK Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
ONEOK |
Execute ONEOK Buy or Sell Advice
The ONEOK recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ONEOK Inc. Macroaxis does not own or have any residual interests in ONEOK Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ONEOK's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
ONEOK Trading Alerts and Improvement Suggestions
| The company has 21.76 B in debt with debt to equity (D/E) ratio of 2.27, meaning that the company heavily relies on borrowing funds for operations. ONEOK Inc has a current ratio of 0.81, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist ONEOK until it has trouble settling it off, either with new capital or with free cash flow. So, ONEOK's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ONEOK Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ONEOK to invest in growth at high rates of return. When we think about ONEOK's use of debt, we should always consider it together with cash and equity. | |
| About 70.0% of ONEOK shares are owned by institutional investors | |
| Latest headline from marketbeat.com: Invst, LLC Top Holdings and 13F Report |
ONEOK Returns Distribution Density
The distribution of ONEOK's historical returns is an attempt to chart the uncertainty of ONEOK's future price movements. The chart of the probability distribution of ONEOK daily returns describes the distribution of returns around its average expected value. We use ONEOK Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ONEOK returns is essential to provide solid investment advice for ONEOK.
| Mean Return | 0.20 | Value At Risk | -1.16 | Potential Upside | 2.08 | Standard Deviation | 1.03 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ONEOK historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
ONEOK Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as ONEOK is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ONEOK Inc backward and forwards among themselves. ONEOK's institutional investor refers to the entity that pools money to purchase ONEOK's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Northern Trust Corp | 2023-12-31 | 5.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 5.1 M | Hhg Plc | 2023-12-31 | 4.5 M | Norges Bank | 2023-12-31 | 4.2 M | Amundi | 2023-12-31 | 3.9 M | Ubs Group Ag | 2023-12-31 | 3.8 M | Jpmorgan Chase & Co | 2023-12-31 | 3.5 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 3.2 M | Clearbridge Advisors, Llc | 2023-12-31 | 3.2 M | Vanguard Group Inc | 2023-12-31 | 69.7 M | Blackrock Inc | 2023-12-31 | 52.6 M |
ONEOK Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (8.3M) | 77.1M | (105.0M) | (62.1M) | 118M | 123.9M | |
| Change In Cash | 9.0M | 503.5M | (378.1M) | 73.8M | 117.8M | 123.7M | |
| Free Cash Flow | (1.9B) | (296.3M) | 1.8B | 1.7B | 2.9B | 3.0B | |
| Other Non Cash Items | (54.3M) | 35.3M | 94.1M | 90.8M | 19M | 18.1M | |
| Dividends Paid | 1.5B | 1.6B | 1.7B | 1.7B | 1.8B | 1.9B | |
| Capital Expenditures | 3.8B | 2.2B | 696.9M | 1.2B | 1.6B | 1.0B | |
| Net Income | 1.3B | 612.8M | 1.5B | 1.7B | 2.7B | 2.8B | |
| End Period Cash Flow | 21.0M | 524.5M | 146.4M | 220.2M | 338M | 354.9M | |
| Depreciation | 476.5M | 578.7M | 621.7M | 626.1M | 769M | 807.5M | |
| Net Borrowings | 3.3B | 1.6B | (604.9M) | (26.4M) | (30.4M) | (28.9M) | |
| Change To Netincome | 355.6M | 868.1M | 566.6M | 554.2M | 637.3M | 325.9M | |
| Investments | 90.1M | 31.8M | 19.4M | (1.1B) | (6.0B) | (5.7B) |
ONEOK Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ONEOK or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ONEOK's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ONEOK stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 0.82 | |
σ | Overall volatility | 1.03 | |
Ir | Information ratio | 0.11 |
ONEOK Volatility Alert
ONEOK Inc has low volatility with Treynor Ratio of 0.23, Maximum Drawdown of 5.43 and kurtosis of 0.77. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ONEOK's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ONEOK's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.ONEOK Implied Volatility
ONEOK's implied volatility exposes the market's sentiment of ONEOK Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ONEOK's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ONEOK stock will not fluctuate a lot when ONEOK's options are near their expiration.
ONEOK Fundamentals Vs Peers
Comparing ONEOK's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze ONEOK's direct or indirect competition across all of the common fundamentals between ONEOK and the related equities. This way, we can detect undervalued stocks with similar characteristics as ONEOK or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of ONEOK's fundamental indicators could also be used in its relative valuation, which is a method of valuing ONEOK by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare ONEOK to competition |
| Fundamentals | ONEOK | Peer Average |
| Return On Equity | 0.23 | -0.31 |
| Return On Asset | 0.0628 | -0.14 |
| Profit Margin | 0.15 % | (1.27) % |
| Operating Margin | 0.21 % | (5.51) % |
| Current Valuation | 67.36 B | 16.62 B |
| Shares Outstanding | 583.64 M | 571.82 M |
| Shares Owned By Insiders | 0.18 % | 10.09 % |
| Shares Owned By Institutions | 70.11 % | 39.21 % |
| Number Of Shares Shorted | 10.58 M | 4.71 M |
| Price To Earning | 25.37 X | 28.72 X |
| Price To Book | 2.79 X | 9.51 X |
| Price To Sales | 2.60 X | 11.42 X |
| Revenue | 17.48 B | 9.43 B |
| Gross Profit | 4.48 B | 27.38 B |
| EBITDA | 4.89 B | 3.9 B |
| Net Income | 2.66 B | 570.98 M |
| Cash And Equivalents | 220.23 M | 2.7 B |
| Cash Per Share | 0.36 X | 5.01 X |
| Total Debt | 21.76 B | 5.32 B |
| Debt To Equity | 2.27 % | 48.70 % |
| Current Ratio | 0.83 X | 2.16 X |
| Book Value Per Share | 28.27 X | 1.93 K |
| Cash Flow From Operations | 4.47 B | 971.22 M |
| Short Ratio | 3.47 X | 4.00 X |
| Earnings Per Share | 5.48 X | 3.12 X |
| Price To Earnings To Growth | 1.68 X | 4.89 X |
| Target Price | 81.67 | |
| Number Of Employees | 4.78 K | 18.84 K |
| Beta | 1.63 | -0.15 |
| Market Capitalization | 45.93 B | 19.03 B |
| Total Asset | 47.37 B | 29.47 B |
| Retained Earnings | 868 M | 9.33 B |
| Working Capital | (344 M) | 1.48 B |
Note: Acquisition by Kevin Burdick of tradable shares of ONEOK at 80.17 subject to Rule 16b-3 [view details]
ONEOK Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ONEOK . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 71385.57 | |||
| Daily Balance Of Power | (0.41) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 78.6 | |||
| Day Typical Price | 78.35 | |||
| Price Action Indicator | (1.17) | |||
| Period Momentum Indicator | (0.85) |
About ONEOK Buy or Sell Advice
When is the right time to buy or sell ONEOK Inc? Buying financial instruments such as ONEOK Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 13.7B | 13.7B | 21.8B | 22.9B | Total Assets | 23.6B | 24.4B | 47.4B | 49.7B |
Use Investing Ideas to Build Portfolios
In addition to having ONEOK in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out ONEOK Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for ONEOK Stock analysis
When running ONEOK's price analysis, check to measure ONEOK's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ONEOK is operating at the current time. Most of ONEOK's value examination focuses on studying past and present price action to predict the probability of ONEOK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ONEOK's price. Additionally, you may evaluate how the addition of ONEOK to your portfolios can decrease your overall portfolio volatility.
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Is ONEOK's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ONEOK. If investors know ONEOK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ONEOK listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.09 | Dividend Share 3.855 | Earnings Share 5.48 | Revenue Per Share 36.5 | Quarterly Revenue Growth 0.04 |
The market value of ONEOK Inc is measured differently than its book value, which is the value of ONEOK that is recorded on the company's balance sheet. Investors also form their own opinion of ONEOK's value that differs from its market value or its book value, called intrinsic value, which is ONEOK's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ONEOK's market value can be influenced by many factors that don't directly affect ONEOK's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ONEOK's value and its price as these two are different measures arrived at by different means. Investors typically determine if ONEOK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ONEOK's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.