Oneok Inc. (OKE) Stock Price Up 3%
Oneok Inc. (NYSE:OKE)’s share price rose 3% during mid-day trading on Friday . The stock traded as high as $48.87 and last traded at $48.63, with a volume of 1,152,012 shares. The stock had previously closed at $47.21.
OKE has been the topic of several research reports. Barclays PLC raised Oneok from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $49.00 in a research note on Monday, May 9th. Royal Bank Of Canada increased their price target on Oneok from $39.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 16th. Jefferies Group reaffirmed a “buy” rating and issued a $34.00 price target on shares of Oneok in a research report on Thursday, May 5th. Credit Suisse Group AG increased their price target on Oneok from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, May 5th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Oneok in a research report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Oneok currently has a consensus rating of “Hold” and a consensus price target of $37.71.
The stock has a 50-day moving average price of $46.44 and a 200-day moving average price of $38.70. The stock has a market cap of $10.14 billion and a PE ratio of 38.09.
Oneok (NYSE:OKE) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by $0.03. During the same period last year, the business posted $0.36 earnings per share. Analysts expect that Oneok Inc. will post $1.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Sunday, August 14th. Stockholders of record on Monday, August 15th were given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date was Thursday, August 4th.
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.