Oneok Inc. (OKE) Trading Down 3.2%
Shares of Oneok Inc. (NYSE:OKE) dropped 3.2% during mid-day trading on Monday . The company traded as low as $47.93 and last traded at $48.10, with a volume of 1,004,446 shares traded. The stock had previously closed at $49.71.
OKE has been the topic of a number of research analyst reports. Credit Suisse Group AG lifted their price target on shares of Oneok from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, May 5th. Jefferies Group reiterated a “buy” rating and issued a $34.00 price target on shares of Oneok in a report on Thursday, May 5th. Goldman Sachs Group Inc. lifted their price target on shares of Oneok from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, May 5th. Barclays PLC upgraded shares of Oneok from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $49.00 in a report on Monday, May 9th. Finally, US Capital Advisors lowered shares of Oneok from an “overweight” rating to a “hold” rating in a report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Oneok currently has a consensus rating of “Hold” and an average target price of $37.71.
The stock has a 50 day moving average of $46.47 and a 200-day moving average of $37.17. The stock has a market cap of $10.10 billion and a PE ratio of 37.94.
Oneok (NYSE:OKE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.03. During the same quarter in the prior year, the business posted $0.36 EPS. On average, analysts expect that Oneok Inc. will post $1.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, August 14th. Stockholders of record on Monday, August 15th were paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend was Thursday, August 4th.
An institutional investor recently raised its position in Oneok stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Oneok Inc. (NYSE:OKE) by 21.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 79,900 shares of the company’s stock after buying an additional 14,100 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Oneok were worth $1,970,000 as of its most recent filing with the SEC.
ONEOK, Inc 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.
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