Headlines about ONEOK (NYSE:OKE) have trended somewhat positive this week, according to AlphaOne. The research firm, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ONEOK earned a daily sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also assigned media coverage about the utilities provider an impact score of 88 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Alpha One Sentiment’s rankings:
- A Few Clear Signs For ONEOK, Inc. (OKE), CenterPoint Energy, Inc. (CNP) – AllStockNews (allstocknews.com)
- UPDATE: UBS Upgrades ONEOK Inc (OKE) to Buy, PT Raised to $59; ‘Attractive Metrics with Opportunities’ (streetinsider.com)
- ONEOK, Inc. (OKE) Stake Cut by Parametric Portfolio Associates LLC (badhub.net)
- Comparing Price Charts: ONEOK, Inc. (OKE), Kimberly-Clark Corporation (KMB) – StockNewsMagazine (stocknewsmagazine.com)
- A Technical Perspective On Kellogg Company (K), ONEOK, Inc. (OKE) – AllStockNews (allstocknews.com)
OKE has been the subject of a number of recent analyst reports. Jefferies Group LLC raised ONEOK from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $14.00 to $51.00 in a research report on Thursday, February 23rd. BMO Capital Markets reissued a “hold” rating and set a $53.00 price target on shares of ONEOK in a research report on Wednesday, March 1st. Zacks Investment Research raised ONEOK from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Wednesday, March 8th. TheStreet raised ONEOK from a “c+” rating to a “b-” rating in a research report on Monday, March 6th. Finally, Guggenheim initiated coverage on ONEOK in a research report on Monday, April 17th. They set a “buy” rating and a $62.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.91.
Shares of ONEOK (OKE) traded up 3.10% during mid-day trading on Friday, hitting $50.50. The stock had a trading volume of 1,700,639 shares. The firm has a 50 day moving average of $50.74 and a 200 day moving average of $54.25. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 30.15 and a beta of 1.28. ONEOK has a one year low of $42.79 and a one year high of $59.47.
ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, May 2nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.04. ONEOK had a net margin of 3.60% and a return on equity of 10.33%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.82 billion. On average, analysts forecast that ONEOK will post $1.88 earnings per share for the current year.
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ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.
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