ONEOK, Inc. (OKE) Announces Earnings Results

ONEOK, Inc. (NYSE:OKE) released its earnings results on Tuesday. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06), reports. ONEOK had a net margin of 3.76% and a return on equity of 10.00%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm earned $0.43 EPS.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Friday, November 3rd. ONEOK’s dividend payout ratio (DPR) is currently 186.25%.

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A number of research analysts have issued reports on OKE shares. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $58.00 target price on shares of ONEOK in a research report on Monday, September 11th. Zacks Investment Research upgraded ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, October 17th. Argus reiterated a “buy” rating and issued a $59.00 target price (up previously from $55.00) on shares of ONEOK in a research report on Thursday, August 24th. Credit Suisse Group decreased their target price on ONEOK from $64.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $54.00 target price on shares of ONEOK in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $59.00.


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.

Earnings History for ONEOK (NYSE:OKE)

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