ONEOK (OKE) Expected to Announce Earnings on Monday

ONEOK (NYSE:OKE) is projected to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect ONEOK to post earnings of $1.46 per share and revenue of $6.73 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

ONEOK Stock Down 0.6 %

Shares of OKE opened at $98.07 on Friday. The stock has a market cap of $57.29 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 3.80 and a beta of 1.70. The company has a 50-day moving average price of $101.19 and a two-hundred day moving average price of $98.65. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK has a 12 month low of $72.44 and a 12 month high of $118.07.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.20%. ONEOK’s dividend payout ratio (DPR) is presently 86.19%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OKE. Truist Financial raised their price target on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays began coverage on shares of ONEOK in a report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target for the company. Scotiabank began coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Finally, Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and an average target price of $103.92.

ONEOK Company Profile

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.