Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?

ONEOK, Inc. (NYSE:OKE) closed at $93.31 on October 16. The stock has returned 11.4% over the last 6 months, compared with a 10.5% return for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. ONEOK gathers and processes natural gas liquids across the midcontinent and the Permian, and has spent recent […]