ONEOK (NYSE:OKE) Issues Quarterly Earnings Results

ONEOK (NYSE:OKE) issued its quarterly earnings data on Monday. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11, Zacks reports. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. ONEOK updated its FY 2025 guidance to 5.370-5.370 EPS.

ONEOK Stock Down 2.5 %

Shares of ONEOK stock opened at $95.66 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a market cap of $55.88 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 3.77 and a beta of 1.70. The firm’s 50-day moving average is $100.97 and its two-hundred day moving average is $99.04. ONEOK has a 1 year low of $72.44 and a 1 year high of $118.07.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s payout ratio is presently 86.19%.

Analysts Set New Price Targets

OKE has been the topic of several recent research reports. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Monday, February 10th. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. UBS Group upped their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Truist Financial raised their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $103.92.

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.