Somewhat Favorable News Coverage Somewhat Unlikely to Impact ONEOK (OKE) Share Price
News articles about ONEOK (NYSE:OKE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ONEOK earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.5941902057498 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Zacks: Brokerages Expect ONEOK, Inc. (OKE) Will Post Quarterly Sales of $3.68 Billion (americanbankingnews.com)
- ONEOK, Inc. (OKE) Infectious to Cheers up Sector on Leading Facts – Stock News Stop (stockmarketstop.com)
- Can Oil Break The $70 Threshold? (finance.yahoo.com)
- ONEOK to Participate in UBS Midstream and MLP Conference – Markets Insider (markets.businessinsider.com)
Several equities analysts have recently commented on OKE shares. UBS Group increased their price target on shares of ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of ONEOK from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. BMO Capital Markets set a $62.00 price target on shares of ONEOK and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $55.00 price target on shares of ONEOK in a research report on Friday, November 3rd. Finally, Mizuho began coverage on shares of ONEOK in a research note on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. ONEOK presently has a consensus rating of “Hold” and a consensus target price of $59.14.
ONEOK (OKE) traded up $0.31 on Friday, reaching $58.67. 2,965,244 shares of the company traded hands, compared to its average volume of 2,947,341. The firm has a market capitalization of $24,082.63, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. ONEOK has a 52-week low of $47.14 and a 52-week high of $59.30. 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 announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). ONEOK had a net margin of 3.76% and a return on equity of 9.25%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business posted $0.43 EPS. equities analysts anticipate that ONEOK will post 1.77 EPS for the current year.
In other news, Director Brian L. Derksen purchased 1,800 shares of the company’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $51.00 per share, for a total transaction of $91,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.
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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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