FY2026 Earnings Forecast for ONEOK Issued By Seaport Res Ptn

ONEOK, Inc. (NYSE:OKE - Free Report) - Research analysts at Seaport Res Ptn dropped their FY2026 earnings per share (EPS) estimates for ONEOK in a research report issued on Monday, April 28th. Seaport Res Ptn analyst S. Sibal now expects that the utilities provider will post earnings per share of $5.72 for the year, down from their prior 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.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly 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). The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the prior year, the firm posted $1.09 EPS.

A number of other research analysts also recently commented on OKE. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday. Scotiabank reduced their price objective on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research note on Tuesday. Stifel Nicolaus dropped their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Morgan Stanley upped their price objective on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.62.

ONEOK Stock Up 2.3 %

Shares of OKE traded up $1.84 during midday trading on Wednesday, reaching $82.77. 5,505,793 shares of the stock were exchanged, compared to its average volume of 3,212,147. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company's 50 day moving average is $90.67 and its two-hundred day moving average is $98.60. The company has a market capitalization of $51.70 billion, a P/E ratio of 17.32, a PEG ratio of 3.77 and a beta of 1.20. ONEOK has a 52 week low of $75.48 and a 52 week high of $118.07.

Institutional Investors Weigh In On ONEOK

A number of institutional investors and hedge funds have recently modified their holdings of OKE. Kieckhefer Group LLC acquired a new position in ONEOK during the fourth quarter valued at $30,000. Greenline Partners LLC purchased a new stake in shares of ONEOK in the fourth quarter worth about $32,000. First Pacific Financial acquired a new stake in ONEOK during the first quarter worth about $34,000. Vermillion Wealth Management Inc. purchased a new position in ONEOK during the fourth quarter valued at approximately $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in ONEOK in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $1.03 per share. The ex-dividend date is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 4.98%. ONEOK's dividend payout ratio is currently 79.69%.

About ONEOK

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.