|Bid||76.48 x 800|
|Ask||76.52 x 800|
|Day's Range||76.20 - 76.74|
|52 Week Range||63.13 - 77.26|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||25.39|
|Earnings Date||Feb 23, 2020|
|Forward Dividend & Yield||3.74 (4.86%)|
|Ex-Dividend Date||Jan 23, 2020|
|1y Target Est||76.73|
Oneok (OKE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the February 5, 2020, distribution cut announcement by Black Stone Minerals, L.P. (NYSE: BSM), after the market closes on February 14, 2020, (the last business day of the week at least 5 business days after BSM's announcement) and effective on February 18, 2020, ONEOK, Inc. (NYSE: OKE) will replace BSM as a constituent of the Index at BSM's then-current weight.
The energy sector is comprised of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. Well-known companies in this group include Occidental Petroleum Corp. (OXY) and EOG Resources Inc. (EOG). Downstream companies that include HollyFrontier Corp. (HFC) refine and process oil and gas products for delivery to consumers .
Argus Research does not advise companies or manage money; as such it offers completely unbiased, independent research. For his favorite investment idea for the coming year, analyst Bill Selesky looks to a midstream energy service provider.
Oneok, a natural-gas distributor, Ally Financial, a major player in U.S. auto loans, and commercial real estate firm Realty Income declared dividend increases last week.
The board of directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK's quarterly dividend 2 cents per share to 93.5 cents per share. This increase results in an annualized dividend of $3.74 per share.
Dividends are a wonderful thing for investors. These profit-sharing payments from companies to stock owners provide a steady income stream which can be reinvested in the shares, diverted to other endeavors, or even just pocketed. Payments are usually small – sometimes just a few cents per share, and provide an incentive for investors to buy up more blocks of stock.Dividend stocks are even more attractive in today’s climate of low interest rate. The US Federal Reserve dropped its key rate three times in 2019, brining it down to just 1.75%. Bond yields are consequently low, in the neighborhood of 1.5% to 2.25%. For stock dividends, however, there is no set ceiling, and yields can grow as far as the paying company’s profits will allow.Swiss banking titan UBS is getting into the January stock recommendations with three interesting dividend picks -- each with a dividend yield exceeding 4%. Considering the average yield among S&P-listed companies is just about 2%, these picks will bring in more than double that return."We have used our quantitative models to find stocks which are high quality compared to their peers, which pay a dividend and are unlikely to cut it. We have chosen names to be representative of different regions and sectors. Finally, we asked our UBS sector analysts to further scrutinize each name," UBS noted.Running each equity through the Stock Screener tool at TipRanks, we’ve confirmed that UBS is in the majority on Wall Street in recommending these shares. Here’s what you need to know about them.Broadcom, Inc. (AVGO)Broadcom is a major player in the semiconductor industry. It was the world’s sixth largest chip maker in 2018, by sales, with revenues of $18.46 billion. The stock gained a solid 28% last year, matching the S&P 500’s gains, despite volatility during the year.The company reported fiscal Q4 earnings in December, and continued its strong performance. Revenues and EPS both beat the expectations. Revenues were also up year-over-year; at the top line, the $5.78 billion reported was well ahead of last year’s $5.44 billion and was up $260 million sequentially. EPS, at $5.39, was a half-percent ahead of the forecast.The key point for this article, however, is the dividend. AVGO raised its payment in December to $3.25 quarterly, or $13 per year. The yield, at 4.16%, is well ahead of the market average. Broadcom has a long history of reliable dividend payments, and in recent years has increased the payout substantially. In the last three years, the AVGO dividend has risen to its current rate from $1.02.Timothy Arcuri, 5-star analyst, wrote up UBS’ review of AVGO shares. He stated, “[With] hyperscaler demand coming back, we view AVGO's decision to invest in the higher margin data center bizz favourably… Ultimately we think the stock will re-rate higher on 5G, margin accretion from software exposure & higher dividends w/ the raise serving as another milestone on the path to ~$15 in dividends (2021), meaning even at our PT of $360, this works out to be >4% yield.”Note that Arcuri sees AVGO’s dividend remaining at its current high-yield level. His stated price target, $360, indicates an upside for the stock of 15%. (To watch Arcuri’s track record, click here)Overall, Broadcom holds a Strong Buy analyst consensus rating. The rating is based on an impressive split of 16 Buys versus 5 Holds. Shares are not cheap, at $312, and they are likely to get even more expensive. The average price target, $359, suggests an upside of 14%. (See Broadcom’s stock analysis at TipRanks)Molson Coors Beverage (TAP)This giant of the brewing industry controls several household names familiar to beer drinkers everywhere – Coors and Molson, of course, but also Miller, Keystone, and, beloved of college students everywhere, Milwaukee’s Best. The company has a market cap of $11.8 billion, and saw total revenues of $10.77 billion in fiscal year 2018.While TAP stands on firm ground, and remains profitable, 2019 was a difficult year for the company. TAP is taking proactive moves toward reversing that trend, including partnering with Canadian cannabis producer HEXO to create marijuana-infused beverages. Combining an established beverage marketing and distribution network with a large cannabis grower offers a reasonable path for expansion.A sweetener for investors, however, is the company’s 12-year history of reliable dividend payments. After holding the quarterly payment steady for years, at 41 cents, TAP made a special payment in August 2019 of 57 cents. The annualized payout, $2.28, indicates that this may be the new normal for TAP dividends. And at the current share price, that puts the yield at a strong 4.35%.Writing from UBS, Sean King sees TAP as well positioned for gains in the coming year. He writes, “We acknowledge that the ongoing production improvements are intended to support greater portfolio complexity, we believe that this flexibility is targeted for growth brands of the future rather than the legacy tail brands… We see a challenging road ahead for TAP but we remain constructive on the favorable event-path and our confidence in the dividend / de-leverage commitments at deeply discounted valuation.”King places a $66 price target on the stock to support his Buy rating, indicating confidence in a 21% upside potential. (To watch King’s track record, click here)All in all, Molson Coors’ Moderate Buy consensus is based on 4 Buys, 5 Holds, and 1 Sell, reflecting the tough market conditions the company has faced in recent years. Shares are priced moderately, at $54.49, and the average price target of $56.30 suggests an upside of 3.32% – not large, but still considerable when combined with the high dividend yield and robust product portfolio. (See Molson Coors’ stock analysis at TipRanks)Oneok, Inc. (OKE)Oneok is a natural gas midstreaming company, owning and controlling the pipelines that transport gas and gas products from production sites to refiners to storage and finally to the customers. The company operates in the Permian, Mid-Continent, and Rocky Mountain regions of the American West. Oneok saw $12.6 billion in revenues and a net income exceeding $300 million in 2018.2019 numbers are not in yet for the company, but the Q3 numbers show reasons for optimism. While revenues missed the forecast by 4%, coming in at $2.26 billion, the 74 cent EPS was in line with expectations. And, despite a 12% drop in cash flow, the company reported a 19% increase in total assets, to $21.336 billion.All of that supports the company’s regular dividend payments. OKE has been steadily increasing the payment since 2011. The current quarterly payment, 91.5 cents, annualizes to $3.66 per share – a strong payout. The yield is handsome, at 4.99%. Combined with a 46% share appreciation in 2019, it’s clear why OKE is an attractive stock.4-star analyst Shneur Gershuni wrote up UBS’ stance on OKE. He put a Buy rating on the stock, and in his comments backed it up: “OKE reported an inline quarter; however, with this earnings season we expect the focus to be on capex. Since 1Q reporting season, OKE has been guiding the street to the upper end of the range despite an extremely wide range outlined in Feb... Overall OKE reaffirmed >20% earnings growth over ‘19 midpoint guide which is what investors were also probably looking for as well.”Gershuni set his $80 price target on OKE at the end of October – the stock has since gained value and approached that target, leaving room for just 1.5% additional upside. (To watch Gershuni’s track record, click here)OKE is another Moderate Buy stock, with the consensus rating based on 6 Buys, 2 Holds, and 1 Sell. As mentioned, the stock has gained recently, so the current share price of $76.89 is within a half percent of the $76.89 average price target. (See Oneok’s stock analysis at TipRanks)
Potential ONEOK, Inc. (NYSE:OKE) shareholders may wish to note that insider Mark Helderman recently bought US$451k...
ONEOK, Inc. (NYSE: OKE) today announced the completion of its Elk Creek Pipeline. Natural gas liquids (NGL) volume is now flowing on the fully completed 900-mile pipeline, which extends from the Williston Basin to ONEOK's existing Mid-Continent NGL facilities in Bushton, Kansas.
ONEOK, Inc. (NYSE: OKE) will participate in the Wells Fargo Midstream and Utility Symposium Dec. 11-12, 2019, in New York City.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
TULSA, Okla. , Nov. 18, 2019 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the RBC Capital Markets Midstream Conference on Nov. 20, 2019 , in Dallas, Texas . Materials used at the conference ...
With the S&P 500 at record highs, investors are facing an unusual problem: too many places to put their money. A strong jobs report and good news on the US-China trade front have helped to boost the markets; as noted by investment bank Goldman Sachs, in the last week of October over $6.1 billion went back into global stock funds.But where is the smart money going? Goldman economist Silvia Ardagna favors US stocks, but he is careful to hedge his recommendation: “The de-escalation of trade tensions between the U.S. and China has triggered the question whether investors have been too negative and there could be some positive surprises.” He adds that the ongoing US-China trade talks, and the good feelings they have engendered, have his wealthy clients eager to get their money working again. And with that background, we can better understand some of the surprising recommendations that have come from Goldman’s financial research team in recent days. Oneok (OKE)Based in Tulsa, Oklahoma, Oneok is a $12 billion dollar-a-year midstream pipeline company for the natural gas industry in the American West. The company provides midstream services – gathering, processing, storing, transporting, and marketing – for natural gas producers in the Mid-Continent, Permian, and Rocky Mountain production regions. Oneok netted $305.5 million in income in 2018.In its last quarterly report, released on October 30, OKE showed EPS in-line with the estimates, at 74 cents. Revenues, however, missed the forecast by 4.2%, coming in at $2.26 billion against the expected $2.36 billion. The revenue miss was impacted by a combination of expenses due to expanded operations and higher operating costs. While cash flow was down roughly 12% year-over-year, cash on hand was up. Oneok had an impressive $673.3 million in cash and cash equivalents available at the end of September, compared to just $12 million nine months earlier.Goldman analyst Michael Lapides notes the company’s mixed results, but also points out that ‘expanded operations’ specifically means two major pipeline projects expected to come on-line next year. Lapides writes, “OKE is in the late stages of a signiﬁcant capex cycle, with two large-scale pipeline projects expected to ramp up over the next 6-9 months per management, driving stronger returns, and deleveraging... Given OKE’s asset integration and our wet gas production estimates, we believe there is good visibility to volume growth for these two pipeline projects…”In line with his outlook, Lapides upgrades OKE to a Buy rating, and sets an $81 price target, suggesting an upside of 16% to the stock. (To watch Lapides' track record, click here)OKE is not widely covered by the Street’s analyst corps; among those who do cover the stock, however, the consensus is a Moderate Buy. OKE shows an average price target of $79.33, implying room for about 13% upside from the current trading value of $69.77. (See Oneok's stock analysis on TipRanks)Vir Biotechnology (VIR)This biotech research company, founded in 2016 as a clinical-stage immunology company focusing on the eradication of infectious diseases, had its IPO last month. Since then, it is up 12% in the markets; in its first few weeks of trading, volumes have been modest, and the stock has been volatile.Vir is backed by the Gates Foundation, and has two main projects past the pre-clinical testing phase. A hepatitis B treatment, in collaboration with Alnylam, is in Phase 2 testing, while an Influenza A treatment is in Phase 1 testing. Three more drugs, for TB, HIV, and another for Hep-B, are in the pre-clinical phase. The Gates Foundation is supporting the TB and HIV research. For a small biotech, Vir has a varied pipeline with strong potential.As a new company, Vir hasn’t got a long public record to lean on. That hasn’t stopped Goldman Sachs analyst Paul Choi from initiating coverage of the stock with a Buy rating and an aggressive price target of $37, which implies an impressive upside potential of 133%. (To see Choi's track record, click here)In his initiation report, Choi says, “While we acknowledge that much of the pipeline is early stage, we see signiﬁcant upside to the stock driven primarily by upcoming Phase 2 HBV and inﬂuenza data in 2020, which we think could increase investor conﬁdence in VIR’s platform approach to infectious diseases…” Choi acknowledges that this company is in its early stages, and that the clinical research, while promising, has only just begun. He adds, “…we acknowledge that VIR is several years away from the commercial launch of any of its clinical candidates. We therefore anticipate focus will remain on clinical data over the near-term…”How does Choi's bullish bet weigh in against the Street? It appears the analyst is not the only one enthusiastic on this biotech company's prospects, with TipRanks analytics demonstrating VIR as a Strong Buy. Out of 4 analysts polled by TipRanks in the last 3 months, all 4 are bullish. With a return potential of nearly 100%, the stock’s consensus target price stands at $29. (See Vir's stock analysis on TipRanks)Tal Education Group (TAL)And now we get to a Chinese company. TAL, based in Beijing, describes itself as “a leading education and technology enterprise.” The company’s core focus is on improving science and technology education through integration of internet-based tech in the classroom. TAL has had success in China’s tier-1 cities, and is in process of shifting its priorities to the so-called tier-2 cities.TAL trades on the NYSE, where it has shown a 61% year-to-date gain, nearly triple the S&P gain of 22%. In the company’s most recent quarterly release, for Q2 fiscal 2020, it showed a drop in EPS to 2 cents per share, despite a 33% year-over-year gain in revenues to $936 million. The jump in revenue was attributed to a 54% increase in enrolled students from the year-ago quarter. TAL also boosted Q3 guidance by 41%, to $826 million. Shares spiked after the earnings release, gaining 13%.In a recent report, Goldman’s Christine Cho revisited her firm’s earlier review of TAL and upgraded the rating from Neutral to Buy. Cho wrote, “TAL’s learning center (LC) expansion beyond the top 5 cities has become a key focus in its capacity expansion in recent years. In fact, TAL entered 14/13 new cities in FY19/FY1H20, reaching a footprint of 69 cities as of FY1H20, and learning centers in non-top 5 cities have grown to 52% of the total LC base… We strongly view effective penetration into lower-tier cities as key to long term growth…” Cho’s $50 price target on TAL suggests room for a 15% upside. (To watch Cho's track record, click here)The online education company now looks like a very compelling investing opportunity, as TipRanks analytics showcasing TAL as a Strong Buy. (See Tal Education's stock analysis on TipRanks)