|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||69.71 - 70.77|
|52 Week Range||49.65 - 71.99|
|PE Ratio (TTM)||43.41|
|Earnings Date||Jul 31, 2018|
|Forward Dividend & Yield||3.06 (4.29%)|
|1y Target Est||70.19|
In the second quarter, ONEOK’s (OKE) EBITDA are expected to rise 25% YoY (year-over-year) and 2% sequentially to $580 million. In the first quarter, ONEOK’s EBITDA grew 38% YoY.
ONEOK (OKE), scheduled to release its Q2 results on July 31 after the market closes, is expected to post EPS of $0.67, representing a 4.7% sequential rise and a 49% YoY (year-over-year) rise. In Q1 2018, ONEOK’s EPS rose 56% YoY.
ONEOK (OKE), scheduled to release its Q2 2018 results on July 31 after the market closes, has outperformed peers stock-wise so far this year. Although the company is expected to release strong results for the quarter, this strength may have already be priced into the stock. ONEOK has risen ~29% so far this year, while Kinder Morgan (KMI) stock has fallen ~4% and Enterprise Products Partners (EPD) has risen ~8%.
In April 2018, at the beginning of the second quarter, DTE Energy's (DTE) service territories mostly witnessed colder-than-normal winters.
Of the 17 analysts covering ONEOK (OKE), five recommend “strong buy,” four recommend “buy,” and eight recommend “hold.” Their mean price target for ONEOK is $69.60, which implies a ~1% downside to ONEOK’s current price of $70.
Given the fundamental improvements in energy stocks in the second quarter, Jefferies has made ratings changes to master limited partnerships in its coverage universe based on updated models and recent ...
TULSA, Okla. , July 10, 2018 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release second-quarter 2018 earnings after the market closes on July 31, 2018 . ONEOK's executive management will participate in ...
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding OKE totaled $1.43 billion.
The ongoing trade conflict between United States and China is showing no signs of abating. The issue has escalated to a point where imposition of tariffs and retaliatory tariffs may go up to $550 billion on either side. Since March 2018, U.S. stock markets have been facing severe volatility primarily due to imposition of various tariffs by the U.S. government and related trade conflict.
Since March 2018, U.S. stock markets have been facing severe volatility primarily due to imposition of various tariffs by the U.S. government and related trade conflict.
This Thursday, WallStEquities.com has initiated reports coverage on the following Utilities equities: NextEra Energy Inc. (NYSE: NEE), National Grid PLC (NYSE: NGG), ONEOK Inc. (NYSE: OKE), and South Jersey Industries Inc. (NYSE: SJI). All you have to do is sign up today for this free limited time offer by clicking the link below.
ONEOK (OKE), a midstream C corporation involved in natural gas gathering and processing, natural gas transportation, NGLs (natural gas liquids) fractionation, and NGLs logistics, has seen a strong rally from its 2016 lows resulting in strong returns over the past seven years. The C corporation has generated a return of 194.7% over the past seven years, of which 115.6% has come by way of price appreciation. OKE has seen a 30.5% rally in 2018 so far, outperforming both the Alerian MLP ETF (AMLP) and the Energy Select Sector SPDR ETF (XLE).
ONEOK's (OKE) pipeline-expansion initiatives are likely to allow it to gain from the rising natural gas production in the United States.
DALLAS , June 29, 2018 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian Midstream Energy Index, a broad-based composite of North American energy infrastructure companies. Constituents ...
ONEOK (OKE) has risen 28% in 2018. The company has outperformed many of its peers. Kinder Morgan (KMI) has fallen nearly 7% year-to-date. Enterprise Products Partners (EPD) has risen 3%, while the Energy Select Sector SPDR ETF (XLE) has risen nearly 2% in 2018. Currently, ONEOK stock is trading above its 50-day and 200-day moving averages.
ONEOK (OKE) expects its 2018 adjusted EBITDA to be $2.2 billion–$2.4 billion. The company expects ~60% of the EBITDA to come from its Natural Gas Liquids segment. The segment primarily gathers, fractionates, and transports NGLs (natural gas liquids) and NGL products.
Currently, ONEOK (OKE) has nearly $4.2 billion of capital projects in various development stages. Nearly $3.6 billion of the projects are natural gas liquids projects, while ~$600 million of the projects relate to gathering and processing. These projects are expected to become operational over the next two years.
Currently, ONEOK’s (OKE) forward EV-to-EBITDA is ~14.9x, which is higher than its five-year average EV-to-EBITDA multiple of ~12.9x. ONEOK’s EV-to-EBITDA multiple is also higher compared to its peers.
With a dividend yield of ~4.6%, ONEOK (OKE) is one of the 39 companies in the S&P 500 Index with a yield greater than 4%. Based on the estimated 2018 dividend yield, the remaining 461 companies in the index yield less than 4%. Nearly 88 companies have yields close to 0%. Currently, nearly 16 S&P 500 companies yield greater than 5%.
The pipeline company has added a few more projects to its already-booming slate of expansions, putting it in an even better position to grow its dividend significantly.
In this daily bar chart of OKE, below, we can see that OKE broke out on the upside from a broad sideways trading range market in April. The On-Balance-Volume (OBV) line has been in slow but steady uptrend the past 12 months. The Moving Average Convergence Divergence (MACD) oscillator has been correcting since the middle of May but looks poised for a bullish crossover to the upside.
TULSA, Okla. , June 27, 2018 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced plans to expand its natural gas pipeline infrastructure in the Permian Basin and Oklahoma by up to a total of 1.7 billion ...