ONEOK (NYSE:OKE) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.690-3.350 for the period, compared to the Thomson Reuters consensus estimate of $3.110. The company issued revenue guidance of -.
OKE has been the topic of a number of research reports. Seaport Global Securities lowered shares of ONEOK from a buy rating to a neutral rating in a research report on Monday, February 8th. Mizuho lifted their target price on ONEOK from $44.00 to $49.00 and gave the stock a neutral rating in a research note on Wednesday, April 7th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on ONEOK from $40.00 to $47.00 and gave the company an underweight rating in a research note on Monday, March 29th. Citigroup upped their target price on ONEOK from $32.00 to $41.00 in a research note on Tuesday, January 26th. Finally, Royal Bank of Canada upped their target price on ONEOK from $49.00 to $54.00 and gave the company a sector perform rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $41.33.
Shares of OKE opened at $52.72 on Tuesday. The stock has a fifty day moving average of $50.78 and a two-hundred day moving average of $42.13. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.15 and a current ratio of 1.57. The company has a market capitalization of $23.49 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 3.29 and a beta of 1.99. ONEOK has a fifty-two week low of $23.28 and a fifty-two week high of $53.67.
ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 27th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.77 by $0.09. ONEOK had a net margin of 7.24% and a return on equity of 18.38%. During the same quarter in the previous year, the firm posted $0.83 earnings per share. As a group, equities research analysts forecast that ONEOK will post 2.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Monday, April 26th will be paid a dividend of $0.935 per share. The ex-dividend date of this dividend is Friday, April 23rd. This represents a $3.74 annualized dividend and a dividend yield of 7.09%. ONEOK's dividend payout ratio is presently 121.82%.
ONEOK Company Profile
ONEOK, Inc, together with its subsidiaries, engages in 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.
Recommended Story: Cost of Debt
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: Systematic Risk and Investors 7 Cyclical Stocks That Can Help You Play Defense
A cyclical stock is one that produces returns that are influenced by macroeconomic or systematic changes in the broader economy. In strong economic times, these stocks show generally strong growth because they are influenced by discretionary consumer spending. Of course, that means the opposite is true as well. When the economy is weak, these stocks may pull back further than other stocks.
Cyclical stocks cover many sectors, but travel and entertainment stocks come to mind. Airlines, hotels, and restaurants are all examples of cyclical sectors that do well during times of economic growth but are among the first to pull back in recessionary times.
Why do cyclical stocks deserve a place in an investor’s portfolio? Believe it or not, it’s for the relative predictability that they provide. Investors may enjoy speculating in growth stocks, but these are prone to bubbles. This isn’t to say that cyclical stocks are not volatile, but they offer price movement that is a bit more predictable.
In this special presentation, we’re looking at cyclical stocks that are looking strong as we come out of the pandemic. And some of these stocks held up well during the pandemic which means they’re starting from a stronger base.View the "7 Cyclical Stocks That Can Help You Play Defense "