ONEOK, Inc. (NYSE:OKE):
ONEOK Second-quarter 2017 Conference Call and Webcast Scheduled.
The company is trading up since yesterday’s close of $50.88.
Additionally ONEOK, Inc. recently announced a dividend for shareholders that was paid on Monday May 15th, 2017. The dividend was $0.615 per share for the quarter which is $2.46 annualized. The dividend yield was $4.76. The ex-dividend date was set for Thursday the 27th of April 2017.
ONEOK, Inc., launched on May 16, 1997, is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides midstream services to contracted producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region..
It is trading at $52.05 a bit higher than $50.19, the 50 day moving average and barely below the 200 day moving average of $53.84. The 50 day moving average was up $1.86 whereas the 200 day average was down by -3.32%.
ONEOK, Inc.’s P/E ratio is 31.07 and the market cap of the company is 10.98B. In the last earnings report the EPS was $1.67 and is projected to be $1.92 for the current year with 210,909,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.56 with next year’s EPS projected to be $2.28.
Wall Street analysts have released opinions on ONEOK, Inc. of late. On July 5 the company was downgraded from “Hold” to “Outperform” in a statement from Morgan Stanley. On July 5 the company was set at “Outperform” according to a BMO Capital report up from the previous “Market Perform” rating.
Equity analyst Stifel Nicolaus started coverage with a rating of “Hold”. On June 21, 2017 the stock rating was rated “Buy” by Argus which is up from the previous “” rating.
UBS raised the price target and upgraded the stock on June 14 changing the price target from $21.00 to $59.00 and moving the rating from “Neutral” to “Buy”. On June 14 the stock rating was upgraded to “Buy” from “Neutral” with a current price target of $59.00 in an announcement from UBS.Advertisement