Commodity Channel Index
|Bid||36.69 x 1000|
|Ask||36.80 x 900|
|Day's Range||35.63 - 37.33|
|52 Week Range||12.16 - 78.48|
|Beta (5Y Monthly)||2.08|
|PE Ratio (TTM)||19.11|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||3.74 (10.03%)|
|Ex-Dividend Date||Apr 24, 2020|
|1y Target Est||39.43|
Oneok (OKE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
Moody's Investors Service, ("Moody's") affirmed ONEOK, Inc.'s (ONEOK) and ONEOK Partners, L.P.'s senior unsecured Baa3 ratings and P-3 commercial paper ratings and changed the outlook to stable from positive. "The stable outlook recognizes ONEOK's flexibility to scale down capital investment and maintain its balance sheet and adequate liquidity through 2020, amid the rapid decline in E&P activity in its key basins, as well as its capacity and resolve to return to the deleveraging path in 2021," said Elena Nadtotchi, Senior Credit Officer at Moody's.
Pipeline giants Kinder Morgan (NYSE: KMI) and ONEOK (NYSE: OKE) have been pummeled this year due to all the turbulence in the oil market. Kinder Morgan's stock has tumbled more than 25%, while shares of ONEOK plunged more than 50%.
ONEOK, Inc. (NYSE: OKE) will participate in the Citi Global Energy and Utilities Virtual Conference on May 12-13, 2020.
Crashing crude oil prices have weighed on most energy stocks, including pipeline companies that are relatively immune to fluctuations in volumes and pricing. Because of that, many sell for dirt-cheap prices these days. Three that stand out are Kinder Morgan (NYSE: KMI), Williams Companies (NYSE: WMB), and ONEOK (NYSE: OKE).
ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $1.5 billion of senior notes, consisting of $600 million of 5-year senior notes at a coupon of 5.85%, $600 million of 10-year senior notes at a coupon of 6.35% and $300 million of 30-year senior notes at a coupon of 7.15%.
Market forces rained on the parade of ONEOK, Inc. (NYSE:OKE) shareholders today, when the analysts downgraded their...
ONEOK (NYSE: OKE) expected 2020 to be a banner year. It initially thought that its earnings would soar 25%, fueled by several recently completed expansion projects. While the company did get off to a solid start in the first quarter, plunging oil prices forced many of its customers to reduce their production and drilling activities, and far fewer volumes will flow through the pipeline company's systems this year.
Oneok (OKE) delivered earnings and revenue surprises of 3.75% and -15.05%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Short sellers have pocketed a tidy sum betting against the sector as the price of crude plunged amid the COVID-19 crisis.
So far, 2020 has been an extremely difficult year for investors. However, oil stock short sellers have been making a killing thanks to a pricing war between Saudi Arabia and Russia, a global travel shutdown due to COVID-19 and U.S. storage capacity approaching 100%.The Numbers S3 Partners analyst Ihor Dusaniwsky said Tuesday that short sellers have made a killing in virtually every oil stock they've targeted so far in 2020.Short interest in the Oil & Gas Storage & Transportation group has averaged $13.76 billion so far this year, and Dusaniwsky said short sellers are currently sitting on a $6.58 billion mark-to-market year-to-date profit. In fact, 93.5% of shorted stocks in the group have been profitable for short sellers this year.But some stocks have certainly been more profitable than others. Here are the five most profitable oil stocks for short sellers this year: * Energy Transfer LP Unit (NYSE: ET), +$695.5 millon. * Enbridge Inc (NYSE: ENB), +$694.2 million. * ONEOK, Inc. (NYSE: OKE), +$520.9 million. * Enterprise Products Partners L.P. (NYSE: EPD), +$465.5 million. * Pembina Pipeline Corp (NYSE: PBA), +$445.6 million.Short Sellers Leaning In Despite huge profits, short sellers are maintaining huge positions in oil stocks betting that the worst is yet to come. Here are the five most heavily shorted oil stocks as of this week, sorted by total short interest: * Enbridge, $1.89 billion. * TC PIPELINES LP (NYSE: TRP), $1.46 billion. * Energy Transfer, $589.6 million. * Enterprise Products, $496 million. * Williams Companies Inc (NYSE: WMB), $485.3 million.Looking ahead, Dusaniwsky said short sellers have actually been adding to their positions over the past week as oil prices crashed below $0 for the first time in history."Further oil price volatility in both the spot and futures market will create more opportunities in the sector," Dusaniwsky said.Benzinga's Take Market dynamics drove WTI futures prices as low as negative $40 per barrel ahead of the May contract expiration this week. It's unlikely the U.S. storage situation will improve over the next month given the COVID-19 shutdowns, so oil traders should be bracing for similar trading action as the May 20 WTI futures expiration date approaches.Do you agree with this take? Email email@example.com with your thoughts.Related Links:'An Outlier Event': Experts React To Oil Prices Dropping Below 'An Outlier Event': Experts React To Oil Prices Dropping Below $0 12 Short Squeeze Candidates To WatchLatest Ratings for ET DateFirmActionFromTo Apr 2020Wells FargoMaintainsOverweight Apr 2020UBSMaintainsBuy Mar 2020BarclaysDowngradesOverweightEqual-Weight View More Analyst Ratings for ET View the Latest Analyst RatingsSee more from Benzinga * 8 Dividends In Danger Of Being Cut * Insider Buying Surpasses Insider Selling For First Time In 10 Years(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
ONEOK (NYSE:OKE) shareholders are no doubt pleased to see that the share price has bounced 42% in the last month...
The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of 93.5 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.74 per share. The dividend is payable May 14, 2020, to shareholders of record at the close of business April 27, 2020.