ONEOK Inc. (OKE)
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Price chart
Why is OKE moving today?
+2.9%OKE is +2.9% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 2 days ago
ONEOK Inc. (OKE) overview
ONEOK is a midstream operator of natural-gas and natural-gas-liquids pipelines.
OKE is a member of the S&P 500. It sits in the Energy sector. That sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
ONEOK Inc. trades on the NYSE under the ticker symbol OKE. The most recent market data puts the share price at about $93.31. That is up 2.93% on the session. At that price the company is worth roughly $58.82B.
Over the past 52 weeks, OKE has traded between $64.02 and $99.85. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 16.1. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. OKE also pays a dividend. It yields around 4.59% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 2 days ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch OKE
OKE is one of the larger names in the Energy sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each OKE story as it breaks, and tags it bullish, bearish or neutral.
What moves OKE
- Earnings. OKE reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from OKE.
- Sector news. Energy stocks often move together, so a rival's news can move OKE too.
Market Mood
Latest OKE news
Oneok (OKE) Acquires Brazos Midstream for $4.4 Billion
Oneok (OKE) is acquiring Brazos Midstream's assets in the Permian Midland Basin for over $4.4 billion. The deal will be financed through a $9 billion minority equity investment from Apollo (APO). This acquisition includes 700 miles of infrastructure and aims to double Oneok's processing capacity, enhancing its long-term fee-based growth strategy. Additionally, the investment will enable Oneok to retire $5 billion in debt, reducing its leverage ratio to approximately 3.25 times next year. This matters for investors as it positions Oneok for sustainable dividend growth given its strong contractual commitments.
Read More: Oneok (OKE) Acquires Brazos Midstream for $4.4 Billion
ONEOK (OKE) Earnings Report Set for Release Amid Bakken Concerns
ONEOK (OKE) is scheduled to report its earnings with particular focus on the financial impact of the Permian Basin versus concerns surrounding the Bakken Shale. Investors are keen to understand if production from the Permian will alleviate concerns that have emerged from recent Bakken-related issues. The upcoming earnings call will likely provide insights into ONEOK's operational performance and future strategies. This is significant for investors as it may influence market perception and stock performance of ONEOK based on the balancing of regional production factors.
Read More: ONEOK (OKE) Earnings Report Set for Release Amid Bakken Concerns
ONEOK (OKE) SWOT Analysis Highlights Growth Versus Visibility Debate
ONEOK (OKE) is experiencing a debate around its growth potential versus visibility in the midstream sector. Factors contributing to this discussion include market conditions and regulatory impacts facing the company. Proponents point to potential growth from ongoing projects, while critics express concerns about financial stability in changing market conditions. The outcome of this debate could significantly impact market perception and investment strategies related to OKE.
Read More: ONEOK (OKE) SWOT Analysis Highlights Growth Versus Visibility DebateMore Energy stocks
Frequently asked questions
Is ONEOK Inc. in the S&P 500?
Yes. ONEOK Inc. trades as OKE and is a member of the S&P 500. The index lists it in the Energy sector.
What sector is OKE in?
OKE sits in the Energy sector of the S&P 500.
Where can I find the latest OKE news?
Right here. This page collects recent OKE news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is ONEOK Inc.'s stock price?
OKE last traded at about $93.31. Prices move all through the session, so this is the latest quote rather than a live one.
What is ONEOK Inc.'s market cap?
OKE is worth roughly $58.82B. Market cap is the share price times the number of shares outstanding.
What is OKE's P/E ratio?
OKE trades at a trailing P/E ratio of about 16.1. The ratio compares the share price with earnings per share over the past year.