ONEOK, Inc. (NYSE:OKE - Free Report) - Stock analysts at Seaport Res Ptn reduced their FY2026 earnings per share (EPS) estimates for shares of ONEOK in a research report issued on Monday, April 28th. Seaport Res Ptn analyst S. Sibal now forecasts that the utilities provider will post earnings of $5.72 per share for the year, down from their previous forecast of $5.83. The consensus estimate for ONEOK's current full-year earnings is $5.07 per share. Seaport Res Ptn also issued estimates for ONEOK's FY2027 earnings at $6.29 EPS.
Several other research analysts also recently weighed in on OKE. Barclays reduced their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Citigroup assumed coverage on ONEOK in a research report on Friday, February 28th. They issued a "buy" rating and a $110.00 target price on the stock. Scotiabank dropped their price target on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Stifel Nicolaus lowered their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average price target of $105.62.
Read Our Latest Research Report on OKE
ONEOK Price Performance
NYSE:OKE traded down $1.15 during trading hours on Wednesday, reaching $80.60. 1,640,567 shares of the company were exchanged, compared to its average volume of 3,210,013. The stock's 50-day moving average is $90.67 and its 200-day moving average is $98.63. ONEOK has a twelve month low of $75.48 and a twelve month high of $118.07. The firm has a market cap of $50.35 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.
ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the company earned $1.09 earnings per share.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of OKE. Kieckhefer Group LLC acquired a new position in shares of ONEOK in the 4th quarter worth approximately $30,000. Greenline Partners LLC acquired a new position in ONEOK during the fourth quarter worth $32,000. First Pacific Financial purchased a new position in shares of ONEOK during the first quarter worth $34,000. Vermillion Wealth Management Inc. acquired a new stake in shares of ONEOK in the fourth quarter valued at $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of ONEOK in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 69.13% of the company's stock.
ONEOK Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio (DPR) is presently 80.47%.
About ONEOK
(
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ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.
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