ONEOK, Inc. & Pioneer Natural Resources Co are at the top of this list of energy stocks on an uptrend.
Markets are currently flat. Nasdaq drawing back 0.34% to 12,032. Dow Jones is relatively flat, trades at 33,833.
What is an uptrend?
An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.
A 21 day uptrend, gaining 14.27%:
ONEOK, Inc. gains 1.07% since the open around $66.38 the natural gas goliath trades at $67 today, after closing Friday at $66.3 and gaining 70 cents (1.07%). ONEOK is scheduled to announce earnings results Monday. The consensus Earnings Per Share estimate is 2.09 and the consensus revenue estimate is $5.42 billion. Recent share price strength coincides with ONEOK's decision to disclose a quarterly dividend of 95.5 cents per share on Wednesday, January 18th. Payments were made to all eligible shareholders on Tuesday, February 14th and, based on current prices, means investors will earn an annual dividend yield of 5.7%.
ONEOK is scheduled to announce earnings results Monday. The consensus EPS estimate is 2.09 and the consensus revenue estimate is $5.42 billion.
| Pioneer Natural Resources | 6 days long uptrend continues…
Pioneer Natural Resources gains 1.06% since the open around $224.59 the hydrocarbon explorer trades at $227.16 today, after closing Friday at $224.78 and gaining $2.38 (1.06%). Also, the firm paid out a quarterly dividend of $5.58 per share on Friday, March 17th to all active shareholders as of Monday, March 6th. Eligible investors secured a quarterly dividend yield of 9.83% for this year.