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 $80.95, up 0.75% from the previous day, and has increased 20.84% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.03 percentage points. Oneok stock is currently +44.79% from its 52-week low of $55.91, and -0.21% from its 52-week high of $81.12.
As of Apr 24, 2024, there are 583.16M OKE shares outstanding. The market capitalization of OKE is $47.21B. In the past 24 hours, 1.77M OKE shares were traded.
How to Buy Oneok Stock
Not sure how to invest in Oneok stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your payment method and add your info.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
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Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 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.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
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.
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 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 14.74x, relative to Oil & Gas Midstream industry P/E ratio of 14.11x
- OKE may be overvalued based on its P/B ratio of 2.86x, relative to Oil & Gas Midstream industry P/B ratio of 2.34x
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 12 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
Theresa Chen, a top 3% analyst from Barclays maintains OKE with a hold rating and raises their OKE price target from $73.00 to $80.00, on Mar 7, 2024.
Spiro Dounis, a top 8% analyst from Citigroup maintains OKE with a strong buy rating and raises their OKE price target from $73.00 to $83.00, on Mar 5, 2024.
Brian Reynolds, a top 24% analyst from UBS maintains OKE with a strong buy rating and raises their OKE price target from $80.00 to $87.00, on Feb 27, 2024.
Sunil Sibal, a top 34% analyst from Seaport Global upgrades OKE to a buy rating and announces their OKE price target of $76.00, on Feb 8, 2024.
Justin Jenkins, a top 1% analyst from Raymond James maintains OKE with a buy rating and raises their OKE price target from $80.00 to $85.00, on Jan 19, 2024.
You can dive deeper into what analysts are projecting on the Oneok stock forecast page.
OKE Momentum
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 21.16%.
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 8.23%.
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.
Kevin L. Burdick, Executive Vice President and Chief Enterprise Services Officer of OKE, was the latest OKE insider to buy. They bought $80.17 worth of OKE shares on Mar 28, 2024.
Dig into more about who owns OKE shares here.
Can I rely on OKE as an income stream?
Oneok pays a dividend of 4.76%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.94%. If you owned $1,000 worth of OKE stock, you would have received $47.62 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.
If you require additional assistance buying stocks on eToro, click the how to video below:
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:
- Figure out where to buy Oneok stock
- Open your brokerage account
- Deposit funds into your investment account
- Evaluate Oneok stock
- Make your OKE trade
- 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 TodayIf you want to get updates on your investment in Oneok, create a watchlist today.
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