ONEOK (NYSE:OKE - Get Free Report) is expected to be announcing its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $1.46 per share and revenue of $6.73 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
ONEOK Trading Down 0.6 %
OKE traded down $0.55 during trading on Thursday, reaching $98.65. The company had a trading volume of 2,985,232 shares, compared to its average volume of 3,914,407. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK has a 12-month low of $71.85 and a 12-month high of $118.07. The company has a market cap of $57.63 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 3.77 and a beta of 1.70. The firm's 50-day simple moving average is $101.42 and its 200 day simple moving average is $98.51.
ONEOK Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. This is an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK's payout ratio is 86.19%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on OKE. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Barclays began coverage on shares of ONEOK in a research note on Thursday, February 6th. They set an "equal weight" rating and a $105.00 price target on the stock. UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Truist Financial upped their price target on ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research note on Tuesday, December 3rd. Finally, Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ONEOK has an average rating of "Moderate Buy" and a consensus target price of $103.92.
Check Out Our Latest Report on ONEOK
ONEOK Company Profile
(
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ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.
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