ONEOK, Inc. (NYSE:OKE) – Analysts at US Capital Advisors raised their FY2020 EPS estimates for shares of ONEOK in a research note issued to investors on Monday, March 18th. US Capital Advisors analyst B. Followill now expects that the utilities provider will earn $3.50 per share for the year, up from their previous forecast of $2.94. US Capital Advisors has a “Buy” rating on the stock.
ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 25th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). ONEOK had a net margin of 9.14% and a return on equity of 17.10%. During the same quarter in the previous year, the business earned $0.53 EPS.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Tuesday. UBS Group lowered shares of ONEOK from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a report on Tuesday, February 26th. Evercore ISI assumed coverage on shares of ONEOK in a report on Tuesday, February 5th. They issued a $68.00 target price for the company. Mizuho set a $73.00 target price on shares of ONEOK and gave the company a “hold” rating in a report on Tuesday, February 26th. Finally, SunTrust Banks assumed coverage on shares of ONEOK in a report on Friday, January 18th. They issued a “buy” rating and a $72.00 target price for the company. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. ONEOK presently has an average rating of “Buy” and an average price target of $71.21.
Shares of OKE opened at $69.85 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.66 and a debt-to-equity ratio of 1.35. ONEOK has a 1 year low of $50.26 and a 1 year high of $71.99. The company has a market cap of $28.32 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 2.01 and a beta of 1.22.
In related news, Director Eduardo A. Rodriguez sold 1,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $66.75, for a total value of $100,125.00. Following the completion of the sale, the director now directly owns 15,536 shares in the company, valued at $1,037,028. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Reilly Financial Advisors LLC lifted its position in ONEOK by 142.4% in the fourth quarter. Reilly Financial Advisors LLC now owns 497 shares of the utilities provider’s stock worth $27,000 after buying an additional 292 shares during the last quarter. PRW Wealth Management LLC bought a new stake in ONEOK in the fourth quarter worth $27,000. Capital Financial Planning LLC bought a new stake in ONEOK in the fourth quarter worth $30,000. Covington Capital Management lifted its position in ONEOK by 46.3% in the fourth quarter. Covington Capital Management now owns 585 shares of the utilities provider’s stock worth $32,000 after buying an additional 185 shares during the last quarter. Finally, Claybrook Capital LLC bought a new stake in ONEOK in the fourth quarter worth $37,000. Institutional investors own 74.67% of the company’s stock.
ONEOK Company Profile
ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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