Oneok Shares Rise 1.73% with 5.1% Yield, Eyes Feb. 23 EPS
Shares of Oneok Inc. rose 1.73%, contributing to a 12.4% one-month advance compared with a 13.8% Oils-Energy sector gain as investors prepare for its Feb. 23 report forecasting $1.49 EPS on $9.49 billion revenue. The midstream company yields 5.1%, trades at a 14.5x forward P/E versus the 12.2x industry average, and holds a Zacks Rank #4 following a 2.54% EPS estimate revision lower over the past month.
1. Share Price Movement
In the most recent session, Oneok shares rose 1.73%, contributing to a 12.4% advance over the past month compared with a 13.82% Oils-Energy sector gain as broader markets dipped.
2. Earnings Estimates
Investors are focused on the Feb. 23 earnings release, expecting EPS of $1.49, down 5.1% year-over-year, on revenue of $9.49 billion, up 35.6% from the equivalent quarter last year.
3. Valuation and Dividend Profile
The company offers a 5.1% dividend yield, trades at a forward P/E of 14.5x versus the 12.23x industry average and carries a Zacks Rank #4 after a 2.54% cut in consensus EPS estimates over the last month.