ONEOK (NYSE:OKE – Get Free Report) announced its earnings results on Monday. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12, Briefing.com reports. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the previous year, the business earned $1.04 EPS. ONEOK updated its FY 2024 guidance to 4.920-4.920 EPS.
ONEOK Stock Performance
OKE opened at $83.15 on Wednesday. The stock has a market cap of $48.53 billion, a P/E ratio of 19.14, a P/E/G ratio of 4.37 and a beta of 1.65. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48. The firm has a fifty day moving average price of $81.41 and a 200 day moving average price of $78.26. ONEOK has a 1 year low of $60.58 and a 1 year high of $86.20.
ONEOK Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, August 1st. ONEOK’s dividend payout ratio (DPR) is 92.09%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on ONEOK
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.
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