Added to YB: 2024-04-10
Pitch date: 2024-04-09
OKE [bullish]
ONEOK, Inc.
+0.08%
current return
Author Info
No bio for this author
Company Info
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
Market Cap
$47.2B
Pitch Price
$72.77
Price Target
N/A
Dividend
5.50%
EV/EBITDA
10.17
P/E
13.81
EV/Sales
2.53
Sector
Oil, Gas and Consumable Fuels
Category
dividend
ONEOK: A Solid Distribution Play With A 5% Yield
OKE: Midstream leader w/ 50k mile pipeline network. Magellan acquisition driving strong EBITDA growth (44.8% YoY). Guiding $6.1B EBITDA in 2024 (+16%). Trades at 11x EV/EBITDA, justified by growth & shareholder returns. 5% yield, 25yr dividend growth streak, $2B buyback. Risks: Regulation, NGL exposure.
Read full article (4 min)