ONEOK, Inc. (NYSE:OKE) – Equities research analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of ONEOK in a report released on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi forecasts that the utilities provider will earn $0.76 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $77.00 price objective on the stock. Jefferies Financial Group also issued estimates for ONEOK’s Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $2.66 EPS, FY2020 earnings at $2.86 EPS, FY2021 earnings at $3.52 EPS and FY2022 earnings at $3.97 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Friday, July 20th. Barclays lifted their price objective on shares of ONEOK from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 11th. Seaport Global Securities upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Friday. ValuEngine upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of ONEOK from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. ONEOK currently has a consensus rating of “Buy” and an average price target of $69.88.

ONEOK stock opened at $67.79 on Thursday. The company has a market cap of $27.56 billion, a PE ratio of 38.52, a P/E/G ratio of 2.59 and a beta of 0.98. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 1.04. ONEOK has a 1 year low of $49.65 and a 1 year high of $71.99.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.20 billion. ONEOK had a net margin of 6.07% and a return on equity of 14.70%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in ONEOK by 9.8% during the second quarter. BlackRock Inc. now owns 36,629,660 shares of the utilities provider’s stock worth $2,557,848,000 after buying an additional 3,276,879 shares during the period. Northern Trust Corp boosted its stake in ONEOK by 0.9% during the second quarter. Northern Trust Corp now owns 4,492,346 shares of the utilities provider’s stock worth $313,701,000 after buying an additional 38,609 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in ONEOK by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,537,390 shares of the utilities provider’s stock worth $177,186,000 after buying an additional 82,208 shares during the period. Millennium Management LLC boosted its stake in shares of ONEOK by 7.6% during the second quarter. Millennium Management LLC now owns 2,275,744 shares of the utilities provider’s stock valued at $158,915,000 after purchasing an additional 160,265 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of ONEOK by 6.6% during the second quarter. Legal & General Group Plc now owns 2,262,991 shares of the utilities provider’s stock valued at $158,025,000 after purchasing an additional 139,331 shares during the period. 73.15% of the stock is owned by institutional investors.

In other news, Director Brian L. Derksen acquired 1,500 shares of the company’s stock in a transaction on Monday, August 6th. The stock was bought at an average cost of $67.60 per share, with a total value of $101,400.00. Following the completion of the purchase, the director now directly owns 5,100 shares of the company’s stock, valued at $344,760. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

ONEOK Company Profile

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

Further Reading: Price to Earnings Ratio (PE) Basics

Earnings History and Estimates for ONEOK (NYSE:OKE)

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