Headlines about ONEOK (NYSE:OKE) have been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ONEOK earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.8477322257831 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Better Buy: Kinder Morgan, Inc. vs. ONEOK, Inc. – Madison.com (host.madison.com)
- ONEOK’s Growth Trajectory Is STACKed – Seeking Alpha (seekingalpha.com)
- OKE January 2020 Options Begin Trading (stockoptionschannel.com)
- JPMorgan Resumes ONEOK Inc (OKE) at Neutral – StreetInsider.com (streetinsider.com)
Several equities analysts have issued reports on the company. J P Morgan Chase & Co reiterated a “neutral” rating and set a $58.00 target price on shares of ONEOK in a research report on Monday, September 11th. Barclays PLC assumed coverage on ONEOK in a research report on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 target price on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $52.00 target price (up previously from $51.00) on shares of ONEOK in a research report on Friday, September 1st. BidaskClub upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Argus reiterated a “buy” rating and set a $59.00 target price (up previously from $55.00) on shares of ONEOK in a research report on Thursday, August 24th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $57.57.
Shares of ONEOK (NYSE:OKE) opened at 56.20 on Friday. The stock’s 50 day moving average price is $54.00 and its 200 day moving average price is $52.92. The stock has a market cap of $21.36 billion, a price-to-earnings ratio of 35.21 and a beta of 1.32. ONEOK has a 52 week low of $45.41 and a 52 week high of $59.47.
ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.12). ONEOK had a net margin of 3.26% and a return on equity of 8.62%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the business earned $0.40 EPS. Equities research analysts anticipate that ONEOK will post $1.68 EPS for the current fiscal year.
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ONEOK Company Profile
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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