Somewhat Favorable Media Coverage Somewhat Unlikely to Affect ONEOK (OKE) Stock Price

Headlines about ONEOK (NYSE:OKE) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ONEOK earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.5749770577596 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

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OKE has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $64.00 price objective on shares of ONEOK in a report on Tuesday, January 16th. UBS reaffirmed a “buy” rating and set a $72.00 price target (up previously from $70.00) on shares of ONEOK in a research report on Friday, March 2nd. Zacks Investment Research raised ONEOK from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, March 14th. Jefferies Group raised ONEOK from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. Finally, TheStreet lowered ONEOK from a “b” rating to a “c+” rating in a research report on Monday, February 26th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. ONEOK presently has a consensus rating of “Buy” and a consensus price target of $61.29.

Shares of NYSE OKE traded down $0.38 during midday trading on Wednesday, hitting $56.22. 737,735 shares of the company’s stock were exchanged, compared to its average volume of 3,196,544. The company has a market capitalization of $23,053.00, a P/E ratio of 32.03, a P/E/G ratio of 2.30 and a beta of 1.22. ONEOK has a 12 month low of $47.14 and a 12 month high of $61.36. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 1.42.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $4.10 billion. ONEOK had a return on equity of 10.46% and a net margin of 3.19%. During the same period in the previous year, the company posted $0.43 EPS. analysts predict that ONEOK will post 2.57 EPS for the current fiscal year.

In other news, VP Sheppard F. Miers III sold 2,200 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $56.70, for a total transaction of $124,740.00. Following the completion of the sale, the vice president now directly owns 31,244 shares in the company, valued at approximately $1,771,534.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eduardo A. Rodriguez sold 2,100 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $56.94, for a total value of $119,574.00. Following the sale, the director now owns 16,025 shares of the company’s stock, valued at $912,463.50. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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ONEOK Company Profile

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

Insider Buying and Selling by Quarter for ONEOK (NYSE:OKE)

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