ONEOK (NYSE:OKE) announced its quarterly earnings results on Sunday. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.05), RTT News reports. ONEOK had a return on equity of 18.38% and a net margin of 7.24%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm posted $0.77 EPS. The company’s revenue was down 3.5% compared to the same quarter last year.
NYSE OKE traded down $1.41 on Tuesday, reaching $44.69. The stock had a trading volume of 178,072 shares, compared to its average volume of 2,929,588. The business has a 50 day moving average price of $42.79 and a 200 day moving average price of $34.27. The company has a current ratio of 1.57, a quick ratio of 1.15 and a debt-to-equity ratio of 2.32. ONEOK has a 1 year low of $12.16 and a 1 year high of $78.43. The company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 30.63, a P/E/G ratio of 3.29 and a beta of 1.99.
The company also recently announced a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Monday, February 1st were paid a $0.935 dividend. The ex-dividend date was Friday, January 29th. This represents a $3.74 dividend on an annualized basis and a yield of 8.37%. ONEOK’s dividend payout ratio (DPR) is currently 121.82%.
ONEOK, Inc, together with its subsidiaries, engages in 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.
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