ONEOK Receives Average Recommendation of “Buy” from Brokerages (NYSE:OKE)
Shares of ONEOK (NYSE:OKE) have received an average rating of “Buy” from the eleven analysts that are currently covering the stock, American Banking and Market News reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $67.43.
Shares of ONEOK (NYSE:OKE) opened at 62.03 on Monday. ONEOK has a 52-week low of $43.6263 and a 52-week high of $68.46. The stock has a 50-day moving average of $66.29 and a 200-day moving average of $62.38. The company has a market cap of $12.902 billion and a price-to-earnings ratio of 42.48.
ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, August 5th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.03. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts predict that ONEOK will post $1.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Monday, August 4th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase from ONEOK’s previous quarterly dividend of $0.56.
OKE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of ONEOK in a research note on Thursday. They now have a $66.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ONEOK in a research note on Tuesday, July 22nd. They now have a $68.00 price target on the stock, up previously from $67.00. Finally, analysts at TheStreet upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a research note on Monday, June 16th.
ONEOK, Inc is a diversified energy company. The Company’s segments include ONEOK Partners, Natural Gas Distribution and Energy Services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.