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How to Buy Oneok Stock

Oneok Inc

Oneok is a oil & gas midstream company located in Oklahoma, United States, which is part of the Energy sector, and is traded under the ticker OKE on the NYSE exchange.

Oneok stock last closed at $74.37, up 0% from the previous day, and has increased 13.63% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.05 percentage points. Oneok stock is currently +33.02% from its 52-week low of $55.91, and -1.73% from its 52-week high of $75.68.

As of Feb 28, 2024, there are 583.16M OKE shares outstanding. The market capitalization of OKE is $43.37B. In the past 24 hours, 2.78M OKE shares were traded.

How to Buy Oneok Stock

Not sure how to invest in Oneok stock? Here's how.
  1. Figure out where to buy Oneok stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Oneok stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your investment account: Select your payment method and add your info.
  4. Evaluate Oneok stock: The Oneok ticker symbol is OKE. Is Oneok stock a good investment? Should you buy shares of OKE? How do OKE's underlying business fundamentals look? Do top analysts think Oneok is a good buy? Why has OKE's stock price moved recently? (Hint: Our stock analysis website can help you understand if OKE is a good stock to buy).
  5. Make your OKE trade: Decide if you will purchase OKE shares at the current market price or use a limit order to purchase OKE shares at a specific price.
  6. Get the latest scoop on your OKE position: Create a watchlist to monitor your investment in Oneok stock.

Step 1: Figure out where to buy Oneok stock

You need a brokerage account in order to access the NYSE market and buy OKE shares.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've chosen the right brokerage, the next step is to fill out some personal information so you can buy OKE today.

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  1. Send your information by pressing the "Create Account" button.
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Step 3: Deposit funds into your investment account

Now that you have finished signing up on stock apps to use, you can securely and quickly fund your account:

Watch the tutorial below if you need help depositing money into your investment account.

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Step 4: Evaluate Oneok stock

After you have selected the best place to buy Oneok stock, it's absolutely critical to analyze their stock prior to investing, so you truly understand the risk and upside.

Overview of key OKE info

OKE Price
$74.37
1w %
1.42%
1y %
13.63%
5y %
15.73%
P/E
13.55x
P/B
2.63x
P/S
2.04x
PEG
N/A
Revenue
$17.68B
Earnings
$2.66B
Fore. Rev. Growth
29.07%
Fore. Earn. Growth
-21.92%
Market Cap
$43.37B
Next Earnings
N/A
Next Dividend
N/A

OKE Due Diligence Checks

WallStreetZen was built to help part-time investors perform more accurate fundamental analysis.

You can see all of the due diligence checks on OKE's stock page.

What is the fair value of OKE stock?

You can use many financial metrics, analyses, models, and charts to gauge OKE's fair value.

Using relative valuations methods:

  • OKE could be overvalued based on its P/E ratio of 13.55x, relative to Oil & Gas Midstream industry P/E ratio of 13.28x
  • OKE may be overvalued based on its P/B ratio of 2.63x, relative to Oil & Gas Midstream industry P/B ratio of 2.22x

You can do additional valuation research on OKE's stock here.

OKE Financial Summary

Positive Health Checks:

  • OKE earnings of $4.36B is not enough to cover its interest payments.
  • OKE profit margin has gone up from 7.7% to 15% in the past year.
  • OKE's operating cash flow of $4.42B allows it to safely service it's debt of $21.76B.
  • Total OKE debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • There are more short-term liabilities than short-term assets on the OKE balance sheet.
  • OKE has a relatively high debt to equity ratio of 1.69.
  • There are more long-term liabilities than short-term assets on the OKE balance sheet.

Do Wall Street analysts think it's a good time to buy Oneok stock

Out of 7 sell side analysts who research OKE, the consensus analyst rating on Oneok is a Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

Most Recent OKE Analyst Ratings

Chase Mulvehill, a bottom 19% analyst from Bank of America upgrades OKE to a strong buy rating and raises their OKE price target from $72.00 to $83.00, on Dec 4, 2023.

Elvira Scotto, a bottom 5% analyst from RBC Capital maintains OKE with a hold rating and raises their OKE price target from $69.00 to $76.00, on Nov 16, 2023.

You can dive deeper into what analysts are projecting on the Oneok stock forecast page.

OKE Momentum

SMA10
72.55
SMA20
70.64
SMA50
70.3
SMA100
68.56
SMA200
65.82
MACD
1.21
MACD Signal
0.75
MACD Histogram
0.46
RSI
68.12
Stochastic %K
83.63
Stochastic %D
86.38
StochRSI %K
92.7
StochRSI %D
88.76

OKE Earnings

Last year, OKE earnings were $2.66B. In the past five year, OKE's earnings have increased by 14.41% per year. This was slower than the Oil & Gas Midstream industry average of 73.02%.

Last year, OKE revenue was $17.68B. Over the past five year, OKE's revenue has grown by 7.02% per year. This was slower than the Oil & Gas Midstream industry average of 7.8%.

Dig into OKE's earnings and revenue performance here.

Latest Insiders Trades at OKE

In the past 12 months, executives and large shareholders at OKE have sold more shares than they have bought.

Scott D. Schingen, Senior VP Natural Gas Liquids of OKE, was the latest OKE insider to sell. They sold $438,995.02 worth of OKE shares on Feb 19, 2024.

Dig into more about who owns OKE shares here.

Can I rely on OKE as an income stream?

Oneok pays a dividend of 5.18%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.31%. If you owned $1,000 worth of OKE stock, you would have received $51.84 in the past 12 months.

Oneok dividend payments have consistently grown over the past decade and have remained stable.

Dig into more info about Oneok dividend yield and history here.

What others are saying about OKE

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Make your OKE trade

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price, place a limit order.

Hit the Open button and eToro will place the order.

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Step 6: Get the latest scoop on your OKE position

Now that you own some OKE shares, you'll want to stay up-to-date on your investment.

Make a watchlist to keep tabs on your OKE stock.

OKE Feed

How to Buy Stock in Oneok

To reiterate, here are the 6 steps for buying Oneok stock:

  1. Figure out where to buy Oneok stock
  2. Open your brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Oneok stock
  5. Make your OKE trade
  6. Get the latest scoop on your OKE position

If you are looking for a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your investment in Oneok, create a watchlist today.

NYSE: OKE
$74.37+0.00 (+0%)
Updated Feb 28, 2024
Open eToro Account
NYSE: OKE
$74.37+0.00 (+0%)
Updated Feb 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Oneok share?

As of Feb 28, 2024, it costs $74.37 to buy one share of Oneok stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.134 shares of OKE.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Oneok stock?

According to 7 Wall Street analysts who monitor Oneok, their consensus recommendation is to buy Oneok stock.

What is the best way to buy Oneok stock?

One way to place an order for Oneok stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.