ONEOK (NYSE:OKE) had declared a cash dividend of $0.6150 on Jul 28, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed for Aug 15, 2016. On Jul 28, 2016 share price, the yield comes out to be 5.5808%. The dividend payable date has been fixed on Aug 14, 2016.
In a different note, On Jul 25, 2016, Jefferies said it Maintains its rating on ONEOK. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 17, 2016, Argus Research said it Downgrades its rating on ONEOK. The shares have been rated ‘Hold’ by the firm. On Jun 17, 2016, Citigroup said it Maintains its rating on ONEOK. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, Jefferies said it Downgrades its rating on ONEOK. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Hold’ by the firm. On May 18, 2016, US Capital Advisors said it Downgrades its rating on ONEOK. The shares have been rated ‘Hold’ by the firm. On May 9, 2016, Barclays said it Upgrades its rating on ONEOK. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Overweight’ by the firm.
ONEOK (OKE) shares turned negative on Thursdays trading session with the shares closing down -0.235 points or -0.52% at a volume of 25,52,111. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $45.47. The peak price level was also seen at $45.47 while the days lowest was $44.45. Finally the shares closed at $45. The 52-week high of the shares is $49.085 while the 52-week low is $18.84. According to the latest information available, the market cap of the company is $9,455 M.
ONEOK(OKE) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.77B. Analysts had an estimated revenue of $2.11B. Earnings per share were $0.40. Analysts had estimated an EPS of $0.41.
Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, Brian L Derksen (director) purchased 1,800 shares at $30.33 per share price.Also, On Mar 8, 2016, Sheppard F Iii Miers (VP & Chief Accounting Officer) sold 3,900 shares at $27.49 per share price.On Dec 28, 2015, Walter S Iii Hulse (EVP STRATEGIC PLNG & CORP DEV) purchased 15,000 shares at $23.90 per share price, according to the Form-4 filing with the securities and exchange commission.
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 segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute natural gas liquids (NGLs) and store NGL products primarily in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.