Ultime notizie per ONEOK (NYSE:OKE) Azioni

ONEOK

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

Long Ideas

News

Markets

Media

Trading Ideas

COST

CRSP

DLTR

DXCM

Jim Cramer consiglia di acquistare Oneok, elogiando i risultati eccellenti e il potenziale di crescita della società.

Jim Cramer: questo titolo è un vero e proprio affare!

ONEOK Inc

Okeanis Eco Tankers Corp

OKINAWA ELECTRIC PWR CO by Okinawa Electric Power Co. (The)

The Okinawa Electric Power Co Inc

O'KEY GROUP GDR

ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) has outperformed the market over the past 20 years by 1.84% on an annualized basis producing an average annual return of 10.39%. Currently, ONEOK has a market capitalization of $55.40 billion. 
Buying $1000 In OKE: If an investor had bought $1000 of OKE stock 20 years ago, it would be worth $7,279.14 today based on a price of $94.92 for OKE at the time of writing.
<h3>ONEOK's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728324015_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth $7,300 Today

ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) has outperformed the market over the past 20 years by 1.72% on an annualized basis producing an average annual return of 10.13%. Currently, ONEOK has a market capitalization of $52.81 billion. 
Buying $100 In OKE: If an investor had bought $100 of OKE stock 20 years ago, it would be worth $683.15 today based on a price of $90.48 for OKE at the time of writing.
<h3>ONEOK's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727722816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $700 Today

WIIM

AESI

EQNR

FANG

KNTK

LBRT

MTDR

SHEL

TRGP

VIST

VNOM

VTNR

Shares of oil gas companies are trading lower amid reports suggesting Saudi Arabia may raise output.

Throughout the last three months, 11 analysts have evaluated ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $94.36, a high estimate of $111.00, and a low estimate of $83.00. Witnessing a positive shift, the current average has risen by 8.46% from the previous average price target of $87.00.
<img src="https://www.benzinga.com/files/images/story/2024/1726516820_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of ONEOK's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$94.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$111.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Spiro Dounis</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$102.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$102.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$89.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$91.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$83.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Sunil Sibal</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$89.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$92.00</td>
<td>$89.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to ONEOK. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of ONEOK compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of ONEOK's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into ONEOK's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/OKE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ONEOK analyst ratings.</a>
<h2>Delving into ONEOK's Background</h2>
Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.
<h3>Financial Milestones: ONEOK's Journey</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, ONEOK showcased positive performance, achieving a revenue growth rate of 31.14% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: ONEOK's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 15.94%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): ONEOK's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.71%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): ONEOK's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.75%, the company may face hurdles in achieving optimal financial returns.
Debt Management: ONEOK's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.31.
<h2>Analyst Ratings: What Are They?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Closer Look at 11 Analyst Recommendations For ONEOK

ONEOK shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $103 to $111. Also, Barclays raised its price target from $82 to $94.

Barclays analyst Theresa Chen maintains ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) with a Equal-Weight and raises the price target from $82 to $94.

Price Target

Barclays Maintains Equal-Weight on ONEOK, Raises Price Target to $94

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>TD Cowen cut the price target for Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) from $520 to $475. TD Cowen analyst Andrew Charles maintained a Buy rating. Domino&#8217;s shares fell 0.5% to close at $402.52 on Friday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised the price target for Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from $420 to $440. Keybanc analyst Justin Patterson maintained an Overweight rating. Spotify shares rose 0.1% to close at $337.90 on Friday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush boosted Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) price target from $425 to $440. Wedbush analyst Nick Setyan maintained an Outperform rating. Wingstop shares fell 0.2% to close at $394.81 on Friday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $225 to $200. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Alphabet shares rose 1.8% to close at $157.46 on Friday.<a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised the price target for Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) from $30 to $45. HC Wainwright &amp; Co. analyst Mitchell Kapoor maintained a Buy rating. Summit Therapeutics gained 16.5% to close at $31.93 on Friday. <a href="https://www.benzinga.com/quote/SMMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank slashed Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) price target from $218 to $194. Deutsche Bank analyst Chris Woronka maintained a Hold rating. Vail Resorts shares rose 1% to close at $180.00 on Friday. <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods cut Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) price target from $50 to $44. Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintained an Outperform rating. Ally Financial shares rose 0.4% to close at $32.97 on Friday. <a href="https://www.benzinga.com/quote/ALLY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased the price target for ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) from $103 to $111. Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight. ONEOK shares rose 1% to close at $91.37 on Friday. <a href="https://www.benzinga.com/quote/OKE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler slashed e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $260 to $162. Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating. e.l.f. Beauty shares rose 1.7% to close at $116.63 on Monday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $230 to $320. Loop Capital analyst Anthony Chukumba maintained a Hold rating. RH shares rose 25.5% to close at $321.87 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying GOOGL stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-1024x512.png" alt="" class="wp-image-549511" style="width:518px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120.png 1333w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
</ul>

Pre-Market Outlook

ALLY

GOOGL

SMMT

SPOT

WING

Alphabet To $200? Here Are 10 Top Analyst Forecasts For Monday

Morgan Stanley analyst Robert Kad upgrades ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) from Equal-Weight to Overweight and raises the price target from $103 to $111.

Upgrades

Morgan Stanley Upgrades ONEOK to Overweight, Raises Price Target to $111

ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) has outperformed the market over the past 20 years by 2.21% on an annualized basis producing an average annual return of 10.56%. Currently, ONEOK has a market capitalization of $53.33 billion. 
Buying $1000 In OKE: If an investor had bought $1000 of OKE stock 20 years ago, it would be worth $7,428.46 today based on a price of $91.37 for OKE at the time of writing.
<h3>ONEOK's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726259583_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $7,400 Today

ONEOK's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) short percent of float has risen 7.88% since its last report. The company recently reported that it has 9.13 million shares sold short, which is 1.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.51 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ONEOK Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726155910_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ONEOK has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing ONEOK's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ONEOK's peer group average for short interest as a percentage of float is 3.12%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(OKE) - Analyzing ONEOK's Short Interest

The net proceeds from the offering, after deducting underwriting discounts, commissions and offering expenses, are expected to be approximately&nbsp;$6.92 billion. ONEOK intends to use the net proceeds from the offering to fund the purchase price for its previously announced transactions to acquire Global Infrastructure Partners&#39; (GIP) interest in EnLink Midstream, LLC (&quot;EnLink&quot; and, such transaction, the &quot;EnLink Transaction&quot;) and GIP&#39;s interest in Medallion Midstream, LLC and to pay fees and expenses related to the respective transactions.
senior notes, consisting of:
<ul>
<li>$1.25 billion&nbsp;of 3-year senior notes at a coupon of&nbsp;4.25%.</li>
<li>$600 million&nbsp;of 5-year senior notes at a coupon of&nbsp;4.40%.</li>
<li>$1.25 billion&nbsp;of 7-year senior notes at a coupon of&nbsp;4.75%.</li>
<li>$1.60 billion&nbsp;of 10-year senior notes at a coupon of&nbsp;5.05%.</li>
<li>$1.50 billion&nbsp;of 30-year senior notes at a coupon of&nbsp;5.70%.</li>
<li>$800 million&nbsp;of 40-year senior notes at a coupon of&nbsp;5.85%.</li>
</ul>

Reported Earlier, ONEOK Prices $7B Senior Notes To Finance EnLink And Medallion Midstream Acquisitions And Corporate Debt Repayment

Citigroup analyst Spiro Dounis maintains ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) with a Buy and raises the price target from $85 to $102.

Citigroup Maintains Buy on ONEOK, Raises Price Target to $102

Scotiabank analyst Tristan Richardson maintains ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) with a Sector Outperform and raises the price target from $88 to $102.

Scotiabank Maintains Sector Outperform on ONEOK, Raises Price Target to $102

Wells Fargo analyst Michael Blum maintains ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) with a Overweight and raises the price target from $91 to $100.

Wells Fargo Maintains Overweight on ONEOK, Raises Price Target to $100

ONEOK shares are trading higher after the company announced it will acquire Medallion and a controlling interest in EnLink.

EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) shares are trading higher premarket Thursday after ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) agreed to acquire Global Infrastructure Partners&#8216; (GIP) 43% stake in the company <a href="https://www.benzinga.com/pressreleases/24/08/n40616439/oneok-to-acquire-medallion-and-controlling-interest-in-enlink-from-global-infrastructure-partners-" target="_blank" rel="noreferrer noopener">for $3 billion, or $14.90 per unit</a>.
The per unit price represents a 12.8% premium over EnLink&#8217;s closing market price as of Aug. 27, 2024.
The deal also includes 100% of the managing member&#8217;s interests for $300 million. This brings the total cash consideration to approximately $3.3 billion.
Separately, ONEOK will also acquire all equity interests in Medallion Midstream, LLC, for $2.6 billion in cash.
This acquisition, representing about 6.3 times the estimated 2025 EBITDA. It includes base case synergies, and pertains to Medallion&#8217;s extensive crude gathering and transportation system in the Permian&#8217;s Midland Basin.
The total transactions are valued at $5.9 billion.
The deals add 1.7 billion cubic feet per day to ONEOK&#8217;s Permian gas processing capacity and 1.6 million barrels per day of Permian crude gathering capacity. 
ONEOK plans to leverage its expanded platforms to enhance service offerings for producers in the Permian Basin.
The transactions are not cross-conditioned and are anticipated to close early in the fourth quarter of 2024.
Synergies: The transactions are expected to support ONEOK&#8217;s $2 billion share repurchase program.
Following these deals, ONEOK expects to achieve annual synergies of $250 million <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">to $450 million within three years</a>.
Following the transaction with GIP, EnLink will become a consolidated subsidiary of ONEOK for GAAP financial reporting.
Investors can gain exposure to ENLC via Global X MLP ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLPA#NYSE">MLPA</a>) and Alerian MLP ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMLP#NYSE">AMLP</a>).
Price Action: ENLC shares are up 13.22% at $14.90 premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/23/08/33527138/exxon-mobil-top-stories-enlink-midstreams-sustainability-report-lithium-supply-chain-talks-and-globa" target="_blank" rel="noreferrer noopener">Exxon Mobil Top Stories: EnLink Midstream&#8217;s Sustainability Report, Lithium Supply Chain Talks and Global Lubricants Market Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Mid Cap

Guidance

Movers

AMLP

ENLC

MLPA

ONEOK Spends $3B On EnLink Midstream Stake, $2.6B On Medallion

<ul>
<li>Establishes fully integrated Permian Basin platform at scale</li>
<li>Expands and extends footprint in Mid-Continent,&nbsp;North Texas&nbsp;and&nbsp;Louisiana</li>
<li>Delivers immediate accretion to EPS and FCF supporting capital allocation strategy</li>
<li>Provides significant synergies through complementary asset positions</li>
<li>Maintains ONEOK&#39;s strong investment-grade credit ratings&nbsp;</li>
<li>ONEOK intends to pursue a tax-free acquisition of the EnLink&nbsp;publicly held interests following the closing of this transaction</li>
</ul>

Reported Earlier, ONEOK To Acquire Medallion And Majority Stake In EnLink In A $5.9B Deal, Strengthening Permian Basin Platform

ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) has outperformed the market over the past 20 years by 2.18% on an annualized basis producing an average annual return of 10.57%. Currently, ONEOK has a market capitalization of $51.47 billion. 
Buying $1000 In OKE: If an investor had bought $1000 of OKE stock 20 years ago, it would be worth $7,439.06 today based on a price of $88.19 for OKE at the time of writing.
<h3>ONEOK's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724788833_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning ONEOK Stock In The Last 20 Years

ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $88.86, a high estimate of $93.00, and a low estimate of $83.00. Marking an increase of 4.01%, the current average surpasses the previous average price target of $85.43. 
<img src="https://www.benzinga.com/files/images/story/2024/1724342409_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of ONEOK among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$89.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$91.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$83.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Sunil Sibal</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$89.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$92.00</td>
<td>$89.00</td>
</tr>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$93.00</td>
<td>$90.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ONEOK. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ONEOK compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of ONEOK's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ONEOK's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/OKE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ONEOK analyst ratings.</a>
<h2>Delving into ONEOK's Background</h2>
Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.
<h3>ONEOK's Economic Impact: An Analysis</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: ONEOK displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 31.14%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: ONEOK's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 15.94%, the company may face hurdles in effective cost management.
Return on Equity (ROE): ONEOK's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 4.71%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.75%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: ONEOK's debt-to-equity ratio is below the industry average. With a ratio of 1.31, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 7 Takes On ONEOK

RBC Capital analyst Elvira Scotto maintains ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) with a Sector Perform and raises the price target from $84 to $89.

RBC Capital Maintains Sector Perform on ONEOK, Raises Price Target to $89

ONEOK Vs. Williams Companies: Which High-Yield Is The Better Buy?

S&P 500 Energy ends Q3 on negative note as crude prices fall

ONEOK's Strength Has Made It Overvalued

XLE: Energy ETF hits 2-month high as oil prices surge - how top holdings are performing

Midstream Energy - Relative Quality

Energy Transfer: Value Hiding In Plain Sight

Williams raised at Morgan Stanley, seeing sustainable 5%-7% annual EBITDA growth

UBS' highest and lowest scoring 'quantamental signal' ideas

SCHD's 3 Best Dividend Buys (And 5 You Should Avoid)

ALTMW

ANET

AVGO

CAPL

CBRE

CSCO

EBAY

EBBGF

EBBNF

EBGEF

EBRGF

ENBFF

ENBGF

ENBHF

ENBMF

ENBNF

ENBOF

ENBRF

ENNPF

EPDU

GBNXF

HESM

HSIC

ILMN

INTC

MMLP

MNST

MPLX

MPLXP

ODFL

OILK

ORCL

PAGP

PAYX

PKCPY

RSPG

SCHD

SEDG

SOXX

TCANF

TCENF

TCEYF

TCNCF

TMUS

TNCAF

TRPPF

TRPRF

TSCO

VOPKF

Commodities

Press Releases

ONEOK Second Quarter 2024 Conference Call and Webcast Scheduled

Dividends

ONEOK Declares Quarterly Dividend

ONEOK Announces Refined Products Pipeline Expansion to the Greater Denver Area

ONEOK Issues Annual Corporate Sustainability Report

Earnings

ONEOK Announces Higher Second Quarter 2024 Earnings; Affirms 2024 Financial Guidance

ONEOK to Participate in Citi Midstream and New Energy Infrastructure Conference

ONEOK to Acquire Medallion and Controlling Interest in EnLink from Global Infrastructure Partners in Transactions Valued at $5.9 Billion

ONEOK to Participate in Barclays CEO Energy-Power Conference

Offerings

ONEOK Announces $7.0 Billion Notes Offering

ONEOK Third Quarter 2024 Conference Call and Webcast Scheduled

Antero Midstream Corporation Common Stock

Antero Midstream

Cheniere Energy Partners, LP Common Units

Cheniere Energy Partners

DT Midstream

EnLink Midstream, LLC Common Units representing Limited Partner Interests

EnLink Midstream

Enterprise Products Partners L.P. Common Stock

Enterprise Prods Partners

Energy Transfer

Frontline

Golar LNG

Hafnia

Hess Midstream

International Seaways

Kinder Morgan

Kinetik Holdings Inc. Class A Common Stock

Kinetik Holdings

Cheniere Energy

MPLX LP Common Units Representing Limited Partner Interests

New Fortress Energy Inc. - Class A Common Stock

New Fortress Energy

Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests

Plains All American

Plains GP Holdings, L.P. - Class A Shares representing limited partner interests

Plains GP Holdings

Scorpio Tankers

Transportadora de Gas del Sur SA TGS Common Stock

Transportadora de Gas

Targa Resources

TORM

Ultrapar Participacoes S.A. (New) American Depositary Shares (Each representing one Common Share)

Ultrapar Participacoes

Western Midstream Partners, LP Common Units Representing Limited Partner Interests

Comments

ONEOK

Notizie

Ultime notizie per ONEOK (NYSE:OKE) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO