ONEOK (OKE) Issues Earnings Results

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ONEOK (NYSE:OKE) released its quarterly earnings data on Tuesday. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04, MarketWatch Earnings reports. ONEOK had a return on equity of 14.70% and a net margin of 6.07%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company posted $0.43 EPS.

OKE traded up $2.26 during trading hours on Wednesday, reaching $65.54. 3,176,211 shares of the company’s stock traded hands, compared to its average volume of 2,237,408. ONEOK has a 52-week low of $49.65 and a 52-week high of $71.99. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.04. The stock has a market cap of $26.05 billion, a P/E ratio of 37.24, a PEG ratio of 2.44 and a beta of 0.98.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Monday, November 5th will be issued a dividend of $0.855 per share. The ex-dividend date is Friday, November 2nd. This represents a $3.42 dividend on an annualized basis and a yield of 5.22%. This is a boost from ONEOK’s previous quarterly dividend of $0.83. ONEOK’s payout ratio is presently 187.50%.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on ONEOK from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 6th. Zacks Investment Research raised ONEOK from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Friday, October 19th. Barclays boosted their target price on ONEOK from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 11th. US Capital Advisors reissued a “buy” rating on shares of ONEOK in a research report on Tuesday, July 17th. Finally, JPMorgan Chase & Co. boosted their target price on ONEOK from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.88.

In other ONEOK news, Director Brian L. Derksen acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was bought at an average price of $67.60 per share, for a total transaction of $101,400.00. Following the acquisition, the director now directly owns 5,100 shares in the company, valued at $344,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by insiders.


ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Earnings History for ONEOK (NYSE:OKE)

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