ONEOK, Inc. (NYSE:OKE) – Stock analysts at Jefferies Group issued their FY2017 earnings per share estimates for shares of ONEOK in a report issued on Wednesday. Jefferies Group analyst C. Sighinolfi anticipates that the utilities provider will post earnings per share of $1.91 for the year. Jefferies Group currently has a “Hold” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for ONEOK’s Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $1.90 EPS, FY2019 earnings at $2.16 EPS, FY2020 earnings at $2.36 EPS and FY2021 earnings at $2.45 EPS.
OKE has been the topic of a number of other research reports. BidaskClub upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $58.00 price target on shares of ONEOK in a report on Monday, September 11th. Zacks Investment Research cut ONEOK from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Argus reaffirmed a “buy” rating and issued a $59.00 price target (up previously from $55.00) on shares of ONEOK in a report on Thursday, August 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price target on shares of ONEOK in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $59.07.
ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company earned $0.43 EPS.
In other ONEOK news, Director Brian L. Derksen purchased 1,800 shares of ONEOK stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of $51.00 per share, with a total value of $91,800.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Ropes Wealth Advisors LLC acquired a new position in shares of ONEOK during the second quarter valued at approximately $103,000. Winslow Evans & Crocker Inc. raised its holdings in shares of ONEOK by 462.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,620 shares during the last quarter. Mercer Capital Advisers Inc. raised its holdings in shares of ONEOK by 229.8% during the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 1,379 shares during the last quarter. Enterprise Financial Services Corp raised its holdings in shares of ONEOK by 332.8% during the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,744 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of ONEOK during the third quarter valued at approximately $150,000. 70.89% of the stock is owned by institutional investors and hedge funds.
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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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