Press coverage about ONEOK (NYSE:OKE) has trended somewhat positive on Thursday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ONEOK earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 47.0813693415636 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Kayne Anderson Capital Advisors Lp Decreases Its Ownership in ONEOK, Inc. (OKE) Stock Last Quarter – Modern Readers (modernreaders.com)
- Neuberger Berman Group LLC Buys A Little More ONEOK, Inc. (OKE) Stock – Modern Readers (modernreaders.com)
- ONEOK, Inc. (OKE) Holdings Increased by Neuberger Berman Group LLC – Modern Readers (modernreaders.com)
- Neuberger Berman Group LLC Bought A Little More ONEOK, Inc. (OKE) Stock – Modern Readers (modernreaders.com)
- ONEOK to Participate in the Tuohy Brothers Annual Energy Conference (finance.yahoo.com)
OKE has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “hold” rating and set a $53.00 price objective on shares of ONEOK in a research report on Monday, April 17th. Guggenheim began coverage on shares of ONEOK in a research note on Monday, April 17th. They issued a “buy” rating and a $62.00 target price for the company. Royal Bank Of Canada restated a “hold” rating and issued a $58.00 target price on shares of ONEOK in a research note on Friday, May 12th. UBS AG upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $59.00 in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC set a $51.00 target price on shares of ONEOK and gave the stock a “hold” rating in a research note on Friday, June 16th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. ONEOK currently has a consensus rating of “Hold” and a consensus price target of $57.15.
Shares of ONEOK (OKE) opened at 52.76 on Thursday. The company has a 50-day moving average of $52.90 and a 200-day moving average of $53.07. The stock has a market capitalization of $20.05 billion, a P/E ratio of 33.06 and a beta of 1.31. ONEOK has a 12-month low of $44.98 and a 12-month high of $59.47.
ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.12. ONEOK had a return on equity of 8.62% and a net margin of 3.26%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the company earned $0.40 EPS. Equities analysts expect that ONEOK will post $1.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Thursday, August 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.62. ONEOK’s dividend payout ratio is presently 186.25%.
In other news, Director Eduardo A. Rodriguez sold 2,000 shares of the stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $50.34, for a total value of $100,680.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $912,412.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.90% of the company’s stock.
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ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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