ONEOK (NYSE:OKE) issued its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06, ARN reports. During the same quarter in the previous year, the company posted $0.31 earnings per share.
ONEOK (NYSE:OKE) traded down 1.84% during mid-day trading on Tuesday, hitting $56.06. 1,544,360 shares of the company’s stock traded hands. ONEOK has a one year low of $39.39 and a one year high of $57.56. The stock has a 50-day moving average of $54.46 and a 200-day moving average of $49.44. The company has a market cap of $11.560 billion and a price-to-earnings ratio of 41.35.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 14th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, October 31st.
A number of analysts have recently weighed in on OKE shares. Analysts at Jefferies Group upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 10th. They now have a $62.00 price target on the stock, up previously from $56.00. On the ratings front, analysts at Zacks reiterated a “hold” rating on shares of ONEOK in a research note to investors on Wednesday, September 25th. They now have a $56.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of ONEOK from $57.00 to $62.00 in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.00.
ONEOK, Inc, is a diversified energy company. The Company’s segments include ONEOK Partners, Natural Gas Distribution and Energy Services.
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