Analysts expect ONEOK, Inc. (NYSE:OKE) to post earnings of $0.71 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for ONEOK’s earnings, with estimates ranging from $0.68 to $0.74. ONEOK posted earnings per share of $0.68 during the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, July 30th.

According to Zacks, analysts expect that ONEOK will report full-year earnings of $3.07 per share for the current fiscal year, with EPS estimates ranging from $2.92 to $3.23. For the next fiscal year, analysts forecast that the business will post earnings of $3.71 per share, with EPS estimates ranging from $3.43 to $4.22. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover ONEOK.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. ONEOK had a net margin of 9.98% and a return on equity of 18.47%. The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm posted $0.64 EPS.

A number of analysts have recently issued reports on OKE shares. Seaport Global Securities downgraded shares of ONEOK from a “buy” rating to a “neutral” rating and set a $69.07 price objective for the company. in a report on Monday, April 22nd. Zacks Investment Research downgraded shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Jefferies Financial Group lifted their target price on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Citigroup cut shares of BCE from a “buy” rating to a “neutral” rating in a research report on Thursday, May 2nd. Finally, Mitsubishi UFJ Financial Group began coverage on shares of ONEOK in a research report on Wednesday, June 5th. They issued a “neutral” rating and a $74.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $71.45.

Shares of NYSE OKE traded down $0.63 during mid-day trading on Monday, reaching $68.53. 1,881,014 shares of the company were exchanged, compared to its average volume of 1,785,600. ONEOK has a 52 week low of $50.26 and a 52 week high of $71.43. The company has a quick ratio of 0.55, a current ratio of 0.79 and a debt-to-equity ratio of 1.56. The stock has a market cap of $28.55 billion, a PE ratio of 24.65, a PEG ratio of 1.99 and a beta of 1.18. The stock has a 50 day moving average of $67.63.

A number of large investors have recently modified their holdings of OKE. C J Advisory Inc bought a new position in ONEOK during the first quarter valued at approximately $26,000. Pinnacle Financial Partners Inc. purchased a new position in ONEOK during the 1st quarter valued at about $27,000. Buffington Mohr McNeal purchased a new position in ONEOK during the 1st quarter valued at about $28,000. Capital Financial Planning LLC purchased a new position in ONEOK during the 4th quarter valued at about $30,000. Finally, Covington Capital Management increased its position in ONEOK by 46.3% during the 4th quarter. Covington Capital Management now owns 585 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 185 shares during the period. Institutional investors own 74.95% of the company’s stock.

ONEOK Company Profile

ONEOK, Inc, together with its subsidiaries, engages in the 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.

See Also: Return on Investment (ROI)

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Earnings History and Estimates for ONEOK (NYSE:OKE)

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