ONEOK (NYSE:OKE – Get Free Report) released its earnings results on Monday. The utilities provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12, Briefing.com reports. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.52 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same quarter in the prior year, the firm earned $1.04 earnings per share. ONEOK updated its FY 2024 guidance to 4.920-4.920 EPS.
ONEOK Price Performance
Shares of ONEOK stock traded up $0.93 during trading hours on Wednesday, reaching $83.25. The company’s stock had a trading volume of 213,157 shares, compared to its average volume of 2,757,781. The firm has a 50 day moving average price of $81.41 and a 200-day moving average price of $78.26. ONEOK has a one year low of $60.58 and a one year high of $86.20. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48. The stock has a market cap of $48.59 billion, a P/E ratio of 19.14, a P/E/G ratio of 4.37 and a beta of 1.65.
ONEOK Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.76%. ONEOK’s dividend payout ratio (DPR) is presently 92.09%.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on OKE
ONEOK Company Profile
ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.
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