June 8, 2016

Jefferies Downgraded ONEOK, Inc. (OKE)


ONEOK, Inc. (NYSE:OKE) was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, The Fly reports.

ONEOK (NYSE:OKE) opened at 45.76 on Wednesday. The company has a market cap of $9.61 billion and a PE ratio of 36.12. The stock has a 50 day moving average of $39.84 and a 200 day moving average of $29.00. ONEOK has a 52 week low of $18.84 and a 52 week high of $46.06.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. During the same quarter in the prior year, the firm earned $0.29 EPS. Equities research analysts predict that ONEOK will post $1.76 EPS for the current fiscal year.