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ONEOK Inc. (NYSE: OKE) – Is this large market cap stock undervalued?

ONEOK Inc. (NYSE: OKE), is firmly in the large market cap category with market cap of 10631.97. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for ONEOK Inc. is 49.79 (with a change from open of 0.20%), this in conjunction with a target price of 45.8. Volume today has so far reached 803129, with an average volume of about 2066.54. The GAP for this stock, is -1.04%.

The P/E ratio is 37.36, bringing the forward P/E to a value of 26.97. The current EPS for ONEOK Inc., is 1.34, with a EPS growth for this year coming to a value of -21.50%. Performance has been interesting with performance year to date coming to 115.59%.

Looking further into the growth statistics for ONEOK Inc., EPS is looking like it will grow 8.44% in the next year. Looking even further it is projected to be 4.00%. Quarter over quarter is 11.30% for EPS growth and for sales growth quarter over quarter it is 0.30%. Looking at past EPS growth statistics we see that for the past five years it has been -5.10%. Sales growth for the past five years has in fact been -9.30%.

Looking at the ownership, we see that the insider ownership is at 0.96% and institutional ownership is 74.10%. Shares outstanding is 211.75, while shares float is at a value of 208.48. Float short for ONEOK Inc. is 6.28% and the short ratio is 6.34.

In terms of debt, long term debt/equity is 35.05, while the total debt/equity comes to 39.42. The ability to meet these debts, means that the current ratio is 0.6, and the quick ratio is 0.4. The most recent gross margin is 30.00% and their operating margin is 12.60%. The profit margin is 3.60%.

ONEOK Inc. has seen returns on assets of 1.80%, and on investment, 7.30%. Return on equity is 86.90%. Price/Earnings to growth ratio is 9.34. Price/Sales ratio is at a value of 1.37, with Price/book ratio coming to 44.83 and Price/cash is 58.77, and finally Price/Free cash Flow is *TBA.

The simple moving averages are 3.44% and 34.15% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -3.73% and the 52 week low is 179.83%.

ONEOK Inc. has a dividend yield of 4.90%, with a current price of 49.79. The ability to pay this means the payout ratio is 186.30%. This is in an industry, Gas Utilities, with equally high dividends from other companies in this sector, which it is Utilities. ONEOK Inc. is based in USA.

Performance in the Gas Utilities industry means that ONEOK Inc. has seen performance for the past week of 1.27%, with performance for the month coming to 6.94%. Looking at the data for the quarter it is at a value of 7.16%, and for the half year the performance is 42.03%. Volatility for this week is 2.23% and for the month this is 2.61%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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