ONEOK (OKE) to Release Earnings on Monday

ONEOK (NYSE:OKE) is anticipated 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ONEOK Stock Performance

OKE stock opened at $98.07 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market cap of $57.29 billion, a P/E ratio of 20.52, a P/E/G ratio of 3.77 and a beta of 1.70. The firm has a 50 day simple moving average of $101.19 and a 200 day simple moving average of $98.76. ONEOK has a 52 week low of $72.44 and a 52 week high of $118.07.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $1.03 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 4.20%. ONEOK’s payout ratio is 86.19%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OKE shares. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research note on Wednesday, December 18th. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. UBS Group lifted their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial lifted their target price on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Seven investment 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.92.

About ONEOK

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.