ONEOK, Inc. (OKE) Scheduled to Post Quarterly Earnings on Monday
ONEOK, Inc. (NYSE:OKE) is scheduled to be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.
ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.33 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 company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, analysts expect ONEOK to post $1.72 EPS for the current fiscal year and $2.10 EPS for the next fiscal year.
Shares of ONEOK, Inc. (OKE) opened at 56.00 on Monday. The stock has a 50 day moving average price of $55.95 and a 200-day moving average price of $53.23. ONEOK, Inc. has a 12 month low of $45.41 and a 12 month high of $59.47. The company has a market capitalization of $21.28 billion, a PE ratio of 35.09 and a beta of 1.30.
TRADEMARK VIOLATION WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/23/oneok-inc-oke-scheduled-to-post-quarterly-earnings-on-monday.html.
Several equities analysts recently issued reports on the stock. BMO Capital Markets set a $62.00 price objective on shares of ONEOK and gave the company a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus reissued a “hold” rating and set a $54.00 price objective on shares of ONEOK in a report on Thursday, October 12th. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, October 17th. J P Morgan Chase & Co reissued a “neutral” rating and set a $58.00 price objective on shares of ONEOK in a report on Monday, September 11th. Finally, Mizuho assumed coverage on shares of ONEOK in a report on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. ONEOK presently has an average rating of “Buy” and a consensus price target of $58.86.
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.
Receive News & Ratings for ONEOK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK Inc. and related companies with MarketBeat.com's FREE daily email newsletter.