ONEOK's earnings report is due on Aug. 4, projecting $1.33 EPS. Expected revenue is $8.33 billion, significantly up from $4.89 billion last year. ONEOK offers a 5.02% annual dividend yield and a $1.03 quarterly dividend. Analysts maintain an Outperform rating, lowering the price target to $110. Shares fell by 0.1% to $82.11 as of last Thursday.
The earnings report expectations are stable, reflecting no drastic changes.
Earnings results typically drive immediate short-term price adjustments.
The balanced earnings expectations may sustain investor interest in OKE.