|Bid||39.89 x 800|
|Ask||0.00 x 800|
|Day's range||39.64 - 40.91|
|52-week range||12.16 - 78.48|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||13.44|
|Earnings date||28 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||3.74 (9.22%)|
|Ex-dividend date||24 Apr 2020|
|1y target est||35.90|
What happened Shares of ONEOK (NYSE: OKE) jumped 31.3% in May, according to data provided by S&P Global Market Intelligence. Several factors fueled that rally, including a rebound in the oil market and the pipeline company's ability to access funding.
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
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%.
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 (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.
TULSA, Okla. (AP) _ Oneok Inc. (OKE) on Tuesday reported a first-quarter loss of $141.9 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 34 cents. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
Despite stable earnings and dividend growth, MLP stocks are depressed. We look at the top midstream energy stocks’ performance in the past 12 months.
Oneok (OKE) delivered earnings and revenue surprises of 0.00% and -4.22%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?