ONEOK's stock was trading at $35.94 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact. With a massive 11% yield, however, it's … ONEOK …
Finally, the company has two large natural gas processing plants under construction that should begin service in late 2019 and early 2020.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.That significant outperformance likely leaves investors wondering if ONEOK has anything left in the tank. NASDAQ data is at least 15 minutes delayed.At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. ONEOK will be buying the remaining 60% of ONEOK Partners’ units for $9.3 billion, as well as assuming the MLP’s $7.9 billion in debt. ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation’s premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets. The deal, which is expected to close in the second quarter, is a 100% stock swap, in which ONEOK Partners unitholders get 0.985 shares of ONEOK … ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.As an alternative to using this form, you can send us your name and zacks account email with your request to privacy@zacks.com.NYSE and AMEX data is at least 20 minutes delayed.
ONEOK expects its distributable cash flow to rise 18% in 2020, partly contributed by the recently completed projects. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Returns as of 07/30/2020. ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider in the United States connecting prolific supply basins with key market centers. An energy company that purchases, transports, stores and distributes natural gas.OKE earnings call for the period ending June 30, 2019.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Several worries weighed on the pipeline company this year.Parent company ONEOK has agreed to acquire all the outstanding units of its MLP that it doesn’t currently own.OKE earnings call for the period ending March 31, 2020.The pipeline company now expects its full-year results to be at the low end of its updated guidance.OKE earnings call for the period ending December 31, 2018.OKE earnings call for the period ending December 30, 2019.These five stocks offer a compelling risk-reward proposition in a volatile market.ONEOK's payout is on shaky ground these days.The pipeline company got a boost from the oil market recovery and its ability to access funding.Crude prices are giving back some of their recent gains.OKE earnings call for the period ending September 30, 2019.A multitude of fuels sent this pipeline stock moving higher last month.Energy midstream companies are moving higher thanks to a sectorwide rally in the oil market.Dual shocks are weighing on the pipeline sector.OKE earnings call for the period ending September 30, 2017.A steep plunge in crude oil prices has investors worried about the pipeline company's customers.OKE earnings call for the period ending March 31, 2019.The natural gas and natural gas liquids gathering and pipeline company's stock was downgraded by one analyst.OKE earnings call for the period ending June 30, 2020.OKE earnings call for the period ending September 30, 2018.With a huge 11% yield, is this midstream company facing headwinds it can't handle -- or is the market just overreacting?OKE earnings call for the period ending June 30, 2018.
In addition, it's building two large NGL fractionators, which separate raw NGLs into higher valued products like ethane and propane; one should start up in early 2020 and the other in 2021.
These projects position ONEOK to deliver 12.7% compound annual EBITDA growth through 2020.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. ONEOK initially expected 2020 to be a big year. View which … Use the Zacks Rank and Style Scores to find out is OKE is right for your portfolio. All information is required.The Zacks Consensus Estimate for second-quarter 2020 sales is pegged at $1.64 billion, which indicates a plunge of 33.24% from the year-ago quarter’s reported figure. ONEOK (NYSE:OKE) says it will cut its 2020 capital spending plan by ~$500M to $1.6B-$2.4B and suspend some expansion projects, citing the current commodity price environment.ONEOK …
However, the uptick in leverage should be something that causes dividend investors pause. Verdict: It's a buy. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.We need the following information so we can identify you in our systems. See its 7 best stocks FREE.Real time prices by BATS. These returns cover a period from January 1, 1988 through July 6, 2020. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. ONEOK currently expects to grow its earnings and dividend at a double-digit annual pace through at least 2020. Here's a look at whether the pipeline company is still a good stock to buy.Stock Advisor launched in February of 2002. ONEOK currently has two major natural gas liquid (NGL) pipelines under construction, one of which should start service by the end of next year and the other in early 2020.