ONEOK (NYSE:OKE) Issues FY 2024 Earnings Guidance

ONEOK (NYSE:OKE) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 4.920-4.920 for the period, compared to the consensus EPS estimate of 5.000. The company issued revenue guidance of -.

ONEOK Trading Down 2.0 %

Shares of ONEOK stock traded down $1.57 on Monday, hitting $78.60. The stock had a trading volume of 3,528,736 shares, compared to its average volume of 2,756,126. The company has a quick ratio of 0.48, a current ratio of 0.70 and a debt-to-equity ratio of 1.24. ONEOK has a one year low of $60.58 and a one year high of $86.20. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 4.37 and a beta of 1.65. The stock’s 50-day simple moving average is $81.43 and its two-hundred day simple moving average is $78.12.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. During the same period in the previous year, the business earned $1.04 EPS. As a group, sell-side analysts predict that ONEOK will post 5.02 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Thursday, August 1st will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 5.04%. The ex-dividend date is Thursday, August 1st. ONEOK’s dividend payout ratio (DPR) is currently 92.09%.

Analyst Upgrades and Downgrades

OKE has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of ONEOK from $89.00 to $92.00 and gave the company an overweight rating in a report on Wednesday, June 26th. Stifel Nicolaus lifted their price target on ONEOK from $81.00 to $88.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. StockNews.com raised ONEOK from a sell rating to a hold rating in a research report on Friday, May 17th. Morgan Stanley lifted their price target on ONEOK from $90.00 to $93.00 and gave the stock an equal weight rating in a research report on Monday, June 10th. Finally, Wells Fargo & Company boosted their target price on ONEOK from $81.00 to $85.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, ONEOK has a consensus rating of Hold and an average target price of $85.00.

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.