in a research report on Thursday, April 30th.
This means even lower volumes processed by Oneok pipelines.
Goldman Sachs Group downgraded shares of ONEOK from a "buy" rating to a "neutral" rating and set a $36.00 price target on the stock. Analysts expect ONEOK to earn $2.67 per share next year, which means the company may not be able to cover its $3.74 annual dividend with an expected future payout ratio of 140.1%.Receive a free world-class investing education from MarketBeat.
Want to see which stocks are moving? If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Combined with improving coverage of the firm's dividend, a moderating growth-capital budget, and several key projects coming online, management expects ONEOK to have a self-funding business model going forward. Learn about financial terms, types of investments, trading strategies and more.Identify stocks that meet your criteria using seven unique stock screeners. Export data to Excel for your own analysis.ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. Oneok Inc. executives defended their decision not to cut the company's dividend by saying that deeper spending cuts should be enough support it, although that might still depend on demand for oil and gas rebounding in the second half of the year from the crippling blow of the coronavirus pandemic.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:Get daily stock ideas top-performing Wall Street analysts.
Despite the turmoil experienced by Oneok, the company maintained its dividend in May at $0.935 per share, which represents a yield of nearly 14%. Despite its commodity margin problems management is guiding for 2015 DCF to remain flat at around $1.17 billion thanks to nearly $3 billion in new projects coming online between Q3 of 2014 and the end of 2015.However, those hedges will run out by the end of the 2015, potentially exposing the MLP to even worse commodity-dependent cash-flow declines in 2016. First, it's renegotiating its NGL and natural gas collection and processing contracts to include a larger fee-based component.In fact, because of ONEOK's large equity stake and IDRs, 70% of every dollar of marginal adjusted EBITDA from ONEOK Partners flows back to its GP as distributions of one form or another, payments that have been growing at an impressive rate over the past five years.However, this business model also means that ONEOK Inc's dividend safety is linked to its MLP's distributions. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.OKE has been the subject of several recent research reports.
Jefferies Financial Group cut ONEOK from a "buy" rating to a "hold" rating and set a $32.00 price target for the company.
This deal doubled ONEOK's distributable cash flow and reduced its cost of funding by eliminating its incentive distribution rights.
Stockholders of record on Monday, August 3rd will be paid a dividend of 0.935 per share by the utilities provider on Friday, August 14th.
ONEOK has raised its dividend by […] View which stocks are hot on social media with MarketBeat's trending stocks report.ONEOK has raised its dividend by an average of 43.5% annually over the last three years and has increased its dividend annually for the last 17 consecutive years. This represents a $3.74 annualized dividend and a dividend yield of 12.68%. in a report on Monday, April 20th. ONEOK Inc. and its MLP are trading at yields signifying that a dividend cut may be imminent.
That MLP derives 82% of its operating profits from its NGL and natural gas gathering and processing businesses, which is where ONEOK's problems begin. Find out how worried income investors should really be. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company's stock. ONEOK, Inc. (NYSE:OKE) declared a quarterly dividend on Wednesday, July 22nd, RTT News reports.
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. ONEOK has a dividend payout ratio of 130.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Kinder's dividend cut notably came after it bought its controlled MLP.