Q3 2017 Earnings Estimate for ONEOK, Inc. Issued By Jefferies Group (OKE)

ONEOK, Inc. (NYSE:OKE) – Equities research analysts at Jefferies Group lowered their Q3 2017 earnings per share (EPS) estimates for ONEOK in a research note issued to investors on Monday. Jefferies Group analyst C. Sighinolfi now anticipates that the utilities provider will post earnings of $0.44 per share for the quarter, down from their prior forecast of $0.54. Jefferies Group has a “Hold” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for ONEOK’s FY2018 earnings at $1.89 EPS.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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). The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. During the same quarter in the prior year, the firm posted $0.40 earnings per share. COPYRIGHT VIOLATION NOTICE: “Q3 2017 Earnings Estimate for ONEOK, Inc. Issued By Jefferies Group (OKE)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/18/q3-2017-earnings-estimate-for-oneok-inc-issued-by-jefferies-group-oke.html.

A number of other equities analysts have also weighed in on OKE. Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, June 21st. Stifel Nicolaus started coverage on ONEOK in a research note on Monday, June 26th. They set a “hold” rating and a $48.00 target price on the stock. BidaskClub upgraded ONEOK from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. BMO Capital Markets upgraded ONEOK from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $53.00 to $59.00 in a research note on Wednesday, July 5th. Finally, Morgan Stanley lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 target price on the stock. in a research note on Wednesday, July 5th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $58.86.

Shares of ONEOK (NYSE OKE) opened at 56.42 on Wednesday. ONEOK has a 52-week low of $45.41 and a 52-week high of $59.47. The stock’s 50 day moving average price is $55.67 and its 200-day moving average price is $53.17. The company has a market capitalization of $21.44 billion, a PE ratio of 35.35 and a beta of 1.30.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKE. BlackRock Inc. boosted its holdings in shares of ONEOK by 2,987.9% during the 1st quarter. BlackRock Inc. now owns 18,697,403 shares of the utilities provider’s stock valued at $1,036,584,000 after acquiring an additional 18,091,903 shares in the last quarter. State Street Corp boosted its holdings in shares of ONEOK by 53.7% during the 2nd quarter. State Street Corp now owns 17,416,296 shares of the utilities provider’s stock valued at $908,434,000 after acquiring an additional 6,086,061 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of ONEOK by 17.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock valued at $1,418,645,000 after acquiring an additional 4,002,795 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of ONEOK by 10,295.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,258,138 shares of the utilities provider’s stock valued at $117,779,000 after acquiring an additional 2,236,415 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of ONEOK during the 1st quarter valued at $90,888,000. 51.30% of the stock is currently owned by institutional investors.

ONEOK Company Profile

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 sto

ONEOK, Inc. (NYSE:OKE) – Equities research analysts at Jefferies Group lowered their Q3 2017 earnings per share (EPS) estimates for ONEOK in a research note issued to investors on Monday. Jefferies Group analyst C. Sighinolfi now anticipates that the utilities provider will post earnings of $0.44 per share for the quarter, down from their prior forecast of $0.54. Jefferies Group has a “Hold” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for ONEOK’s FY2018 earnings at $1.89 EPS.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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). The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. During the same quarter in the prior year, the firm posted $0.40 earnings per share. COPYRIGHT VIOLATION NOTICE: “Q3 2017 Earnings Estimate for ONEOK, Inc. Issued By Jefferies Group (OKE)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/18/q3-2017-earnings-estimate-for-oneok-inc-issued-by-jefferies-group-oke.html.

A number of other equities analysts have also weighed in on OKE. Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, June 21st. Stifel Nicolaus started coverage on ONEOK in a research note on Monday, June 26th. They set a “hold” rating and a $48.00 target price on the stock. BidaskClub upgraded ONEOK from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. BMO Capital Markets upgraded ONEOK from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $53.00 to $59.00 in a research note on Wednesday, July 5th. Finally, Morgan Stanley lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 target price on the stock. in a research note on Wednesday, July 5th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $58.86.

Shares of ONEOK (NYSE OKE) opened at 56.42 on Wednesday. ONEOK has a 52-week low of $45.41 and a 52-week high of $59.47. The stock’s 50 day moving average price is $55.67 and its 200-day moving average price is $53.17. The company has a market capitalization of $21.44 billion, a PE ratio of 35.35 and a beta of 1.30.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OKE. BlackRock Inc. boosted its holdings in shares of ONEOK by 2,987.9% during the 1st quarter. BlackRock Inc. now owns 18,697,403 shares of the utilities provider’s stock valued at $1,036,584,000 after acquiring an additional 18,091,903 shares in the last quarter. State Street Corp boosted its holdings in shares of ONEOK by 53.7% during the 2nd quarter. State Street Corp now owns 17,416,296 shares of the utilities provider’s stock valued at $908,434,000 after acquiring an additional 6,086,061 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of ONEOK by 17.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock valued at $1,418,645,000 after acquiring an additional 4,002,795 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of ONEOK by 10,295.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,258,138 shares of the utilities provider’s stock valued at $117,779,000 after acquiring an additional 2,236,415 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of ONEOK during the 1st quarter valued at $90,888,000. 51.30% of the stock is currently owned by institutional investors.

ONEOK Company Profile

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.

Earnings History and Estimates for ONEOK (NYSE:OKE)

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