ONEOK (OKE) Earns Daily Coverage Optimism Rating of 0.17
News articles about ONEOK (NYSE:OKE) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ONEOK earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.7534837670007 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- ETFs with exposure to ONEOK, Inc. : December 5, 2017 (finance.yahoo.com)
- ONEOK, Inc. :OKE-US: Earnings Analysis: Q3, 2017 By the Numbers : December 5, 2017 (finance.yahoo.com)
- ONEOK to Present at Wells Fargo Energy Symposium (finance.yahoo.com)
- Institutional Investors Added to Their ONEOK Positions in 3Q17 (finance.yahoo.com)
- January 2018 Options Now Available For ONEOK (OKE) (nasdaq.com)
OKE has been the topic of several recent research reports. BidaskClub cut shares of ONEOK from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Argus reaffirmed a “buy” rating and issued a $59.00 price target (up previously from $55.00) on shares of ONEOK in a research report on Thursday, August 24th. Jefferies Group reaffirmed a “hold” rating and issued a $52.00 price target (up previously from $51.00) on shares of ONEOK in a research report on Friday, September 1st. Barclays initiated coverage on shares of ONEOK in a research report on Tuesday, September 5th. They issued an “equal weight” rating and a $58.00 price target on the stock. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $58.00 price target on shares of ONEOK in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.07.
ONEOK (NYSE:OKE) traded up $0.05 during trading on Tuesday, hitting $52.34. 2,302,713 shares of the company’s stock traded hands, compared to its average volume of 3,238,394. ONEOK has a 1 year low of $47.14 and a 1 year high of $59.47. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55. The company has a market cap of $19,980.89, a PE ratio of 32.57, a P/E/G ratio of 3.34 and a beta of 1.26.
ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business earned $0.43 EPS. sell-side analysts expect that ONEOK will post 1.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a dividend of $0.745 per share. The ex-dividend date was Friday, November 3rd. This represents a $2.98 annualized dividend and a dividend yield of 5.69%. ONEOK’s dividend payout ratio is currently 186.25%.
In related news, Director Brian L. Derksen purchased 1,800 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.
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ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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