ONEOK (NYSE:OKE) Releases Earnings Results, Misses Estimates By $0.05 EPS

ONEOK (NYSE:OKE) posted its quarterly earnings data on Sunday. The utilities provider reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.05), RTT News reports. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.61 billion. ONEOK had a net margin of 7.24% and a return on equity of 18.38%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS.

Shares of ONEOK stock traded down $1.56 on Tuesday, hitting $44.54. 93,437 shares of the company’s stock traded hands, compared to its average volume of 2,929,588. The stock has a market cap of $19.79 billion, a P/E ratio of 30.63, a PEG ratio of 3.29 and a beta of 1.99. The company has a quick ratio of 1.15, a current ratio of 1.57 and a debt-to-equity ratio of 2.32. The firm’s 50-day moving average is $42.79 and its 200 day moving average is $34.27. ONEOK has a 52-week low of $12.16 and a 52-week high of $78.43.

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The firm also recently announced a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Monday, February 1st were paid a dividend of $0.935 per share. This represents a $3.74 annualized dividend and a dividend yield of 8.40%. The ex-dividend date was Friday, January 29th. ONEOK’s dividend payout ratio (DPR) is currently 121.82%.

A number of research firms recently issued reports on OKE. Morgan Stanley increased their target price on shares of ONEOK from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday, January 15th. Barclays increased their target price on shares of ONEOK from $33.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 8th. Credit Suisse Group increased their target price on shares of ONEOK from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Bank of America downgraded shares of ONEOK from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 18th. Finally, Citigroup increased their target price on shares of ONEOK from $32.00 to $41.00 in a research report on Tuesday, January 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $38.68.

About ONEOK

ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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