Headlines about ONEOK (NYSE:OKE) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ONEOK earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.383946209618 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s rankings:
- ONEOK Entices Investors with 3.3% Quarterly Dividend Hike (finance.yahoo.com)
- Wall Street Loves This High-Yield Stock and So Should You (finance.yahoo.com)
- ONEOK, Inc. (OKE) to Issue Quarterly Dividend of $0.77 (americanbankingnews.com)
- ONEOK Increases Quarterly Dividend (finance.yahoo.com)
- UPDATE: RBC Capital Upgrades ONEOK Inc (OKE) to Outperform (streetinsider.com)
ONEOK (NYSE OKE) traded down $1.28 during trading on Thursday, hitting $58.14. The company had a trading volume of 3,440,000 shares, compared to its average volume of 3,060,000. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55. The stock has a market capitalization of $22,290.00, a P/E ratio of 36.34, a PEG ratio of 2.23 and a beta of 1.26. ONEOK has a 12-month low of $47.14 and a 12-month high of $60.06.
ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same quarter in the previous year, the firm posted $0.43 earnings per share. research analysts expect that ONEOK will post 1.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.30%. This is an increase from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 26th. ONEOK’s payout ratio is presently 186.25%.
OKE has been the topic of a number of analyst reports. Barclays upgraded ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $67.00 in a research note on Wednesday. UBS Group lifted their price target on ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded ONEOK from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Mizuho initiated coverage on ONEOK in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 price target on the stock. Finally, Wells Fargo & Co upgraded ONEOK from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 11th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. ONEOK presently has an average rating of “Buy” and an average target price of $59.93.
In other news, Director Brian L. Derksen bought 1,800 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $51.00 per share, for a total transaction of $91,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by insiders.
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.
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