ONEOK Receives Consensus Recommendation of “Buy” from Analysts (NYSE:OKE)
ONEOK (NYSE:OKE) has earned a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the company, StockRatingsNetwork reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $66.00.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a research note on Monday, June 16th. Separately, analysts at Wells Fargo & Co. downgraded shares of ONEOK from an “outperform” rating to a “market perform” rating in a research note on Friday, May 9th. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ONEOK in a research note on Thursday, May 8th. They now have a $68.00 price target on the stock.
Shares of ONEOK (NYSE:OKE) traded up 0.65% during mid-day trading on Monday, hitting $66.77. The stock had a trading volume of 197,930 shares. ONEOK has a 52-week low of $34.4861 and a 52-week high of $66.40. The stock’s 50-day moving average is $64.13 and its 200-day moving average is $59.3. The company has a market cap of $13.879 billion and a P/E ratio of 55.94.
ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.07. During the same quarter last year, the company posted $0.54 earnings per share. Analysts expect that ONEOK will post $1.63 EPS for the current fiscal year.
ONEOK, Inc is a diversified energy company. The Company’s segments include ONEOK Partners, Natural Gas Distribution and Energy Services.
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