Somewhat Positive News Coverage Somewhat Unlikely to Impact ONEOK (OKE) Stock Price
Headlines about ONEOK (NYSE:OKE) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news 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 sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.2829185200231 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Some hot names on Wall Street: ONEOK, Inc. (OKE), The Kraft Heinz Company (KHC) – Market Movers (financialqz.com)
- Barclays Upgrades ONEOK Inc (OKE) to Overweight – StreetInsider.com (streetinsider.com)
- ONEOK Announces Plans to Increase Natural Gas Liquids Takeaway Capacity out of … (prnewswire.com)
- ONEOK to Participate in U.S. Capital Advisors Midstream Corporate Access Day (finance.yahoo.com)
- Q1 2018 Earnings Forecast for ONEOK, Inc. (OKE) Issued By US Capital Advisors (americanbankingnews.com)
A number of equities research analysts have recently commented on the stock. UBS Group upped their price objective on shares of ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of ONEOK from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Royal Bank of Canada raised shares of ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $64.00 price objective on shares of ONEOK in a research note on Tuesday, January 16th. Finally, Barclays raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $58.00 to $67.00 in a research note on Wednesday, January 17th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. ONEOK has a consensus rating of “Buy” and an average price target of $59.93.
ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). ONEOK had a net margin of 3.76% and a return on equity of 9.25%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. equities analysts expect that ONEOK will post 1.77 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, January 29th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Friday, January 26th. This is an increase from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s payout ratio is presently 186.25%.
In related news, Director Brian L. Derksen bought 1,800 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.
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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