$0.63 EPS Expected for ONEOK, Inc. (OKE)

April 17, 2018 - By Jimmy Baldridge

ONEOK, Inc. (NYSE:OKE) LogoInvestors sentiment decreased to 1.18 in Q4 2017. Its down 1.64, from 2.82 in 2017Q3. It worsened, as 49 investors sold ONEOK, Inc. shares while 194 reduced holdings. 76 funds opened positions while 211 raised stakes. 270.44 million shares or 2.16% more from 264.73 million shares in 2017Q3 were reported.
Covington Mgmt reported 0% of its portfolio in ONEOK, Inc. (NYSE:OKE). Moreover, Parkside Bancshares & has 0.01% invested in ONEOK, Inc. (NYSE:OKE). 838 are held by Sun Life Fincl. The Ohio-based Fifth Third Financial Bank has invested 0% in ONEOK, Inc. (NYSE:OKE). Renaissance Techs Limited Company has 677,814 shares. Qs Ltd owns 44,638 shares. Country Trust Bank & Trust reported 0% stake. The Indiana-based Trust Inv Advisors has invested 1.55% in ONEOK, Inc. (NYSE:OKE). Cadence Cap Ltd Liability Company holds 295,465 shares or 1% of its portfolio. Prtnrs Group Ag owns 13,000 shares. Ls Investment Lc accumulated 12,606 shares. Bryn Mawr Trust holds 0.01% or 4,517 shares in its portfolio. Keybank Association Oh holds 89,612 shares. Advisor Prns Limited Liability Com holds 0.11% or 10,397 shares in its portfolio. Focused Wealth Mngmt Inc invested in 0.04% or 2,272 shares.

Analysts expect ONEOK, Inc. (NYSE:OKE) to report $0.63 EPS on May, 1.They anticipate $0.22 EPS change or 53.66 % from last quarter’s $0.41 EPS. OKE’s profit would be $258.97 million giving it 23.71 P/E if the $0.63 EPS is correct. After having $0.52 EPS previously, ONEOK, Inc.’s analysts see 21.15 % EPS growth. The stock increased 2.12% or $1.24 during the last trading session, reaching $59.75. About 2.17M shares traded. ONEOK, Inc. (NYSE:OKE) has risen 7.29% since April 17, 2017 and is uptrending. It has underperformed by 4.26% the S&P500.

ONEOK, Inc. (NYSE:OKE) Ratings Coverage

Among 12 analysts covering Oneok (NYSE:OKE), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Oneok had 18 analyst reports since October 17, 2017 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, February 28. The stock has “Buy” rating by BMO Capital Markets on Thursday, March 8. The firm has “Hold” rating by Jefferies given on Wednesday, December 20. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, October 17 report. UBS maintained it with “Buy” rating and $72 target in Friday, March 2 report. The firm has “Buy” rating given on Thursday, January 11 by Wells Fargo. On Monday, February 12 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of ONEOK, Inc. (NYSE:OKE) has “Buy” rating given on Thursday, January 4 by U.S. Capital Advisors. On Tuesday, January 23 the stock rating was maintained by Mizuho with “Hold”. The company was upgraded on Wednesday, January 17 by Barclays Capital.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company has market cap of $24.56 billion. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines divisions. It has a 46.32 P/E ratio. It owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

ONEOK, Inc. (NYSE:OKE) Institutional Positions Chart

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