ONEOK (NYSE:OKE) was upgraded by investment analysts at Morgan Stanley to an “overweight” rating in a note issued to investors on Thursday, Stock Ratings Network reports.
A number of other analysts have also recently weighed in on OKE. Analysts at Zacks reiterated a “neutral” rating on shares of ONEOK in a research note to investors on Friday, July 5th. They now have a $42.00 price target on the stock. Finally, analysts at Barclays Capital downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, May 2nd.
One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. ONEOK has a consensus rating of “Hold” and an average price target of $51.71.
ONEOK (NYSE: OKE) traded down 2.86% on Thursday, hitting $52.23. ONEOK has a 1-year low of $39.39 and a 1-year high of $54.20. The stock’s 50-day moving average is currently $43.05. The company has a market cap of $10.765 billion and a price-to-earnings ratio of 32.20.
ONEOK (NYSE:OKE) last released its earnings data on Tuesday, April 30th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.06. During the same quarter last year, the company posted $1.16 earnings per share. Analysts expect that ONEOK will post $1.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 15th. Shareholders of record on Monday, August 5th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, August 1st. This is a positive change from ONEOK’s previous quarterly dividend of $0.36.
ONEOK, Inc, is a diversified energy company. The Company’s segments include ONEOK Partners, Natural Gas Distribution and Energy Services.