ONEOK (NYSE:OKE) Receives Daily News Sentiment Score of 0.13
News stories about ONEOK (NYSE:OKE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ONEOK earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.9168973590844 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Kayne Anderson Capital Advisors Lp Decreases Its Ownership in ONEOK, Inc. (OKE) Stock Last Quarter – Modern Readers (modernreaders.com)
- Neuberger Berman Group LLC Buys A Little More ONEOK, Inc. (OKE) Stock – Modern Readers (modernreaders.com)
- ONEOK, Inc. (OKE) Holdings Increased by Neuberger Berman Group LLC – Modern Readers (modernreaders.com)
- Neuberger Berman Group LLC Bought A Little More ONEOK, Inc. (OKE) Stock – Modern Readers (modernreaders.com)
- ONEOK to Participate in the Tuohy Brothers Annual Energy Conference (finance.yahoo.com)
ONEOK (OKE) traded down 1.04% during mid-day trading on Thursday, hitting $52.21. 2,783,311 shares of the stock were exchanged. The stock has a 50 day moving average of $52.90 and a 200-day moving average of $53.07. ONEOK has a 52-week low of $44.98 and a 52-week high of $59.47. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of 32.71 and a beta of 1.31.
ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.12. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities analysts predict that ONEOK will post $1.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be issued a $0.745 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.62. This represents a $2.98 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Thursday, August 3rd. ONEOK’s payout ratio is presently 186.25%.
Several brokerages have commented on OKE. BidaskClub upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Credit Suisse Group decreased their price objective on shares of ONEOK from $64.00 to $61.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Friday, July 14th. Morgan Stanley lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective for the company. in a report on Wednesday, July 5th. Finally, BMO Capital Markets upgraded shares of ONEOK from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $53.00 to $59.00 in a report on Wednesday, July 5th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.15.
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In related news, Director Eduardo A. Rodriguez sold 2,000 shares of ONEOK stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $50.34, for a total value of $100,680.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $912,412.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.
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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