ONEOK (NYSE:OKE – Get Rating) will announce its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.89 per share for the quarter. ONEOK has set its FY 2022 guidance at $3.450-$4.070 EPS and its FY22 guidance at $3.45-$4.07 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
ONEOK (NYSE:OKE – Get Rating) last released its earnings results on Monday, February 28th. The utilities provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). ONEOK had a return on equity of 25.14% and a net margin of 9.07%. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the business posted $0.69 EPS. On average, analysts expect ONEOK to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NYSE OKE opened at $66.30 on Tuesday. ONEOK has a 12 month low of $48.51 and a 12 month high of $75.07. The stock has a market cap of $29.61 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.25 and a beta of 1.80. The company’s 50 day moving average is $67.93 and its two-hundred day moving average is $64.05. The company has a current ratio of 0.75, a quick ratio of 0.56 and a debt-to-equity ratio of 2.12.
In other ONEOK news, Director Mark W. Helderman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $67.27, for a total value of $2,018,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.63% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. JustInvest LLC raised its stake in shares of ONEOK by 46.3% during the 4th quarter. JustInvest LLC now owns 9,692 shares of the utilities provider’s stock worth $570,000 after buying an additional 3,067 shares during the period. Forum Financial Management LP acquired a new position in shares of ONEOK during the 4th quarter worth approximately $461,000. SkyView Investment Advisors LLC acquired a new position in shares of ONEOK during the 4th quarter worth approximately $201,000. NewEdge Advisors LLC raised its stake in shares of ONEOK by 402.8% during the 4th quarter. NewEdge Advisors LLC now owns 26,322 shares of the utilities provider’s stock worth $1,547,000 after buying an additional 21,087 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of ONEOK during the 4th quarter worth approximately $240,000. 64.90% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the company. Credit Suisse Group boosted their target price on ONEOK from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 15th. Bank of America dropped their price objective on shares of ONEOK from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Tuesday, January 18th. Raymond James lifted their target price on ONEOK from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th. The Goldman Sachs Group upgraded ONEOK from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $58.00 to $68.00 in a report on Thursday, January 13th. They noted that the move was a valuation call. Finally, Citigroup lifted their target price on ONEOK from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, January 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.00.
About ONEOK (Get Rating)
ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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