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Is this Large Market Cap Stock target price reasonable for ONEOK Inc. (NYSE:OKE)?

The company in question is, ONEOK Inc. (NYSE:OKE) currently with a stock price of 48.04 (-2.56% today). The market cap for ONEOK Inc. is 10839.59, and is in the sector Utilities, and Gas Utilities industry. The target price for ONEOK Inc. is 44.73. Currently ONEOK Inc. is trading with a P/E of 36.68, and a forward P/E of 25.73. Average volume for ONEOK Inc. is 2359.8 and so far today it is 145443.

Performance in the last year for ONEOK Inc. has been 51.10%. For EPS growth, ONEOK Inc. has seen a growth of -21.50%, and is looking to grow in the next year to 6.44%. More long term stats show that EPS growth has been -5.10% over the last five years and could be 12.16% for the next five years. ONEOK Inc. has seen sales growth quarter over quarter at 0.30%, with EPS growth quarter over quarter at 11.30%. The 20-day simple moving average is 2.88%, with the 200-day simple moving average coming to 40.49%.

Since the IPO date for ONEOK Inc. on the 7/1/1985, ONEOK Inc. has seen performance year to date to be 111.68%. With ONEOK Inc. trading at 48.04, the dividend yield is 4.99%, and the EPS is 1.34.

So could ONEOK Inc., be undervalued? Well as said before P/E is 36.68. The PEG is 3.02, P/S is 1.4 and the P/B is at 44.02. The P/cash is 59.92, with P/free cash flow at *TBA.

ONEOK Inc. ability to deal with debt shows that the current ratio is 0.6, and the quick ratio is 0.4. This is with long term debt/equity at 35.05, and total debt/equity at 39.42.

In terms of margins, ONEOK Inc. has a gross margin of 30.00%, an operating margin of 12.60% and a profit margin of 3.60%.Payout ratio for ONEOK Inc. is 186.30%. Return on assets come to 1.80% with return on investment coming to 7.30%.

Insider ownership for ONEOK Inc., is at 0.96% and institutional ownership comes to 74.00%. Outstanding shares are at 219.87. While shares float is 208.48. The float short is currently 6.15%, and short ratio is 5.43.

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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Stephen Butters

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