News headlines about ONEOK (NYSE:OKE) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ONEOK earned a news impact score of 0.11 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.5749770577596 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Sempra Energy (SRE) vs. ONEOK (OKE) Head-To-Head Analysis (americanbankingnews.com)
- ONEOK, Inc. (NYSE:OKE) – Market Cap Evaluation – Nasdaq Journal (nasdaqjournal.com)
- Trading summary of Unusual Activity – ONEOK, Inc. (OKE) – Wall Street Morning (wallstreetmorning.com)
- Comprehensive Stock Analysis: ONEOK Inc (NYSE: OKE) – Alpha Beta Stock (alphabetastock.com)
- Top 50 S&P 500 By Yield, Gains And Upside For March (seekingalpha.com)
A number of brokerages have commented on OKE. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, March 14th. BMO Capital Markets set a $68.00 target price on shares of ONEOK and gave the company a “buy” rating in a report on Thursday, March 8th. UBS reaffirmed a “buy” rating and set a $72.00 target price (up from $70.00) on shares of ONEOK in a report on Friday, March 2nd. Robert W. Baird set a $55.00 price target on shares of ONEOK and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $61.00 price target (up from $55.00) on shares of ONEOK in a research report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $61.29.
ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 26th. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. ONEOK had a net margin of 3.19% and a return on equity of 10.46%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. equities research analysts anticipate that ONEOK will post 2.48 EPS for the current year.
In related news, VP Sheppard F. Miers III sold 2,200 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $56.70, for a total transaction of $124,740.00. Following the completion of the transaction, the vice president now owns 31,244 shares in the company, valued at $1,771,534.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
ONEOK Company Profile
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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