News headlines about ONEOK (NYSE:OKE) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ONEOK earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 47.8361093432274 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s analysis:

OKE traded up $0.32 during trading on Monday, reaching $67.84. The company had a trading volume of 1,424,300 shares, compared to its average volume of 2,599,345. The stock has a market capitalization of $28.34 billion, a P/E ratio of 38.55, a P/E/G ratio of 2.68 and a beta of 1.02. ONEOK has a 12-month low of $49.65 and a 12-month high of $71.99. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 1.04.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.20 billion. ONEOK had a return on equity of 14.70% and a net margin of 6.07%. research analysts predict that ONEOK will post 2.71 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Monday, August 6th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 4.86%. This is a boost from ONEOK’s previous quarterly dividend of $0.80. ONEOK’s dividend payout ratio (DPR) is currently 187.50%.

A number of research firms recently issued reports on OKE. JPMorgan Chase & Co. lifted their target price on ONEOK from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Barclays lifted their target price on ONEOK from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 11th. Zacks Investment Research lowered ONEOK from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 19th. Jefferies Financial Group lowered ONEOK from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Seaport Global Securities set a $73.00 target price on ONEOK and gave the stock a “hold” rating in a report on Friday, July 27th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. ONEOK presently has a consensus rating of “Buy” and an average target price of $69.00.

In related news, Director Brian L. Derksen purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average price of $67.60 per share, with a total value of $101,400.00. Following the purchase, the director now owns 5,100 shares of the company’s stock, valued at approximately $344,760. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

ONEOK Company Profile

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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