ONEOK, Inc. (NYSE:OKE – Get Free Report) has been given an average rating of “Hold” by the seventeen analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $84.25.
A number of research analysts have issued reports on the company. Mizuho lifted their price objective on ONEOK from $75.00 to $81.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Truist Financial lifted their price target on ONEOK from $71.00 to $81.00 and gave the company a “hold” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price target on ONEOK from $88.00 to $89.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. US Capital Advisors cut ONEOK from an “overweight” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Stifel Nicolaus lifted their price target on ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, April 16th.
Check Out Our Latest Stock Report on OKE
Hedge Funds Weigh In On ONEOK
ONEOK Stock Performance
Shares of NYSE OKE opened at $78.10 on Wednesday. The business has a fifty day simple moving average of $79.79 and a 200 day simple moving average of $75.01. The company has a current ratio of 0.70, a quick ratio of 0.48 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $45.58 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 4.19 and a beta of 1.65. ONEOK has a one year low of $57.37 and a one year high of $83.31.
ONEOK (NYSE:OKE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $5.84 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same period last year, the business earned $2.34 earnings per share. Sell-side analysts expect that ONEOK will post 4.94 EPS for the current year.
ONEOK Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.99 per share. The ex-dividend date was Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 5.07%. ONEOK’s payout ratio is currently 92.09%.
ONEOK Company Profile
ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.
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