ONEOK, Inc. (OKE) Given Consensus Rating of “Hold” by Brokerages
Shares of ONEOK, Inc. (NYSE:OKE) have received an average rating of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $58.62.
A number of equities research analysts recently weighed in on OKE shares. UBS lifted their target price on ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. BMO Capital Markets set a $62.00 price objective on ONEOK and gave the company a “buy” rating in a report on Wednesday, October 18th. Argus reaffirmed a “buy” rating and set a $59.00 price objective (up from $55.00) on shares of ONEOK in a report on Thursday, August 24th. Barclays initiated coverage on shares of ONEOK in a research note on Tuesday, September 5th. They issued an “equal weight” rating and a $58.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 target price on shares of ONEOK in a research note on Friday, November 3rd.
In other news, Director Brian L. Derksen purchased 1,800 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $51.00 per share, with a total value of $91,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Stephens Inc. AR lifted its position in ONEOK by 0.4% during the 2nd quarter. Stephens Inc. AR now owns 15,430 shares of the utilities provider’s stock worth $805,000 after buying an additional 58 shares in the last quarter. New Amsterdam Partners LLC NY raised its holdings in shares of ONEOK by 0.6% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 9,367 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 58 shares during the period. Utah Retirement Systems raised its holdings in shares of ONEOK by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 38,294 shares of the utilities provider’s stock valued at $1,997,000 after purchasing an additional 100 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of ONEOK by 0.9% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 13,155 shares of the utilities provider’s stock valued at $686,000 after purchasing an additional 111 shares during the period. Finally, Checchi Capital Advisers LLC raised its holdings in ONEOK by 4.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 4,620 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 177 shares during the period. 71.02% of the stock is owned by institutional investors.
ONEOK (NYSE OKE) traded up $0.39 during mid-day trading on Monday, reaching $53.40. The company had a trading volume of 3,076,039 shares, compared to its average volume of 3,220,793. ONEOK has a fifty-two week low of $47.14 and a fifty-two week high of $59.47. The firm has a market capitalization of $20,325.98, a P/E ratio of 33.13, a PEG ratio of 3.40 and a beta of 1.26. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.
ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business earned $0.43 earnings per share. research analysts predict that ONEOK will post 1.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 5.58%. The ex-dividend date was Friday, November 3rd. ONEOK’s payout ratio is 186.25%.
ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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