ONEOK, Inc. (NYSE:OKE) engaged in transportation of natural gas, is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.58 per share.
For the full year, analysts predict revenues of $ 9375.49 million, while looking forward to income of $ 2.53 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.25 ~ $ 3.85 per share
Click Here For More Historical Outlooks Of ONEOK, Inc.
Previous Quarter Performance
ONEOK, Inc. unfold income for the second quarter of $ 0.32 per share, from the revenue of $ 3,021.00 million. The quarterly earnings fell 57.33 percent while revenues grew 22.93 percent compared with the same quarter last year.
Street analysts expected ONEOK, Inc. to report income of $ 0.51 per share on revenue of $ 2268.65 million for the second quarter. The bottom line results missed street analysts by $ 0.19 or 37.25 percent, at the same time, top line results outshined analysts by $ 752.35 million or 33.16 percent.
Stock Performance
Shares of ONEOK, Inc. traded low $ -0.12 or -0.39 percent on Friday, reaching $ 30.55 with volume of 5.29 million shares. ONEOK, Inc. has traded high as $ 31.03 and has cracked $ 30.08 on the downward trend
According to the previous trading day, closing price of $ 30.55, representing a 152.22 % increase from the 52 week low of $ 12.16 and a 60.92 % decrease over the 52 week high of $ 78.48.
The company has a market capital of $ 13.57 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 15th October 2020, downgraded by Goldman Sachs Group to Sell from Neutral rating.
- On 5th October 2020, upgraded by Wells Fargo & Co to Overweight from Equal-Weight rating, with $ 36.00 target price.
- On 30th September 2020, maintained by Bank of America at Neutral rating, with $ 31.00 target price.
- On 29th September 2020, upgraded by UBS Group to Buy from Neutral rating.
- On 21st September 2020, downgraded by Scotiabank to Sector Perform from Sector Outperform rating.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 0.935 per share to holders of record as of the close of business on August 3, 2020, with payment date of August 14, 2020 and ex-dividend date on July 31, 2020.
ONEOK, Inc., together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
