ONEOK, Inc. (NYSE:OKE) engaged in transportation of natural gas, is reporting second quarter earnings results on Tuesday 28th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.51 per share.
For the full year, analysts predict revenues of $ 10145.70 million, while looking forward to income of $ 2.56 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.25 ~ $ 3.85 per share
Click Here For More Historical Outlooks Of ONEOK, Inc.
Previous Quarter Performance
ONEOK, Inc. posted income for the first quarter of $ 0.83 per share, from the revenue of $ 2,137.00 million. The quarterly earnings gained 2.47 percent while revenues lowered 23.13 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.82 per share from $ 2971.94 million in revenue. The bottom line results beat street analysts by $ 0.01 or 1.22 percent, at the same time, top line results fell short of analysts by $ 834.94 million or 28.09 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of OKE was $ 28.02, representing a 130.43 % increase from the 52 week low of $ 12.16 and a 64.3 % decrease over the 52 week high of $ 78.48.
The company has a market capital of $ 12.44 billion and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Analyst recommendations
- On 7th July 2020, maintained by Mizuho at Neutral rating, with $ 34.00 target price.
- On 17th June 2020, maintained by Mizuho at Neutral rating, with $ 40.00 target price.
- On 15th June 2020, maintained by Morgan Stanley at Underweight rating, with $ 27.00 target price.
- On 11th June 2020, downgraded by Bank of America to Neutral from Buy rating.
- On 4th June 2020, maintained by UBS Group at Neutral rating, with $ 35.00 target price.
ONEOK, Inc., together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
