Oneok Inc. (OKE) Shares Gap Up to $47.21
Oneok Inc. (NYSE:OKE)’s share price gapped up before the market opened on Monday . The stock had previously closed at $46.71, but opened at $47.21. Oneok shares last traded at $48.26, with a volume of 1,905,600 shares.
A number of equities analysts have recently issued reports on OKE shares. Barclays PLC upgraded shares of Oneok from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $27.00 to $49.00 in a research report on Monday, May 9th. US Capital Advisors lowered shares of Oneok from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 18th. Citigroup Inc. reiterated a “buy” rating on shares of Oneok in a research report on Wednesday, May 18th. Jefferies Group lowered shares of Oneok from a “buy” rating to a “hold” rating and upped their target price for the stock from $34.00 to $42.00 in a research report on Wednesday, June 8th. Finally, Argus lowered shares of Oneok from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.71.
The stock has a 50 day moving average of $46.49 and a 200 day moving average of $38.83. The company has a market capitalization of $10.14 billion and a P/E ratio of 38.09.
Oneok (NYSE:OKE) last released its earnings results on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by $0.03. During the same quarter in the previous year, the company earned $0.36 EPS. On average, analysts expect that Oneok Inc. will post $1.79 EPS 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 paid a $0.615 dividend. The ex-dividend date was Thursday, August 4th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.10%.
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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