A number of firms have modified their ratings and price targets on shares of ONEOK (NYSE: OKE) recently:

  • 7/14/2017 – ONEOK was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “ONEOK Inc. is poised to gain from increased drilling activities in the basin where this company has well placed assets. The increase in fee-based earnings, merger transaction with ONEOK Partners, capital-growth projects and increasing drilling activities from the producers will further boost the performance of this company. Shares of ONEOK Inc. have gained more than the broader industry in the last one year. However, strict regulations and intensifying competition in midstream energy services are the major concerns for the company. Further, rising debt levels amid the rising interest environment pose risks to the company.”
  • 7/5/2017 – ONEOK was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $59.00 price target on the stock, up previously from $53.00.
  • 7/5/2017 – ONEOK was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $54.00 price target on the stock.
  • 6/27/2017 – ONEOK was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ONEOK Inc.’s shares have lost in the last six months compared with the broader industry's gain in the same period. Strict regulations and intensifying competition in midstream energy services are the major concerns for the company. Further, rising debt levels amid the rising interest environment pose risks to the company.  However, ONEOK Inc. is poised to gain from increased drilling activities in the basin where this company has well placed assets. The increase in fee-based earnings, merger transaction with ONEOK Partners, capital-growth projects and increasing drilling activities from the producers will further boost the performance of this company.”
  • 6/27/2017 – ONEOK was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/26/2017 – ONEOK is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $48.00 price target on the stock.
  • 6/21/2017 – ONEOK was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock.
  • 6/16/2017 – ONEOK was given a new $51.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 6/14/2017 – ONEOK was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating. They now have a $59.00 price target on the stock, up previously from $56.00.

Shares of ONEOK, Inc. (NYSE:OKE) opened at 53.57 on Tuesday. The firm has a market cap of $11.30 billion, a PE ratio of 31.98 and a beta of 1.30. ONEOK, Inc. has a 12 month low of $42.79 and a 12 month high of $59.47. The firm’s 50-day moving average price is $50.19 and its 200-day moving average price is $53.84.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.82 billion. ONEOK had a return on equity of 10.33% and a net margin of 3.60%. Analysts expect that ONEOK, Inc. will post $2.17 earnings per share for the current year.

In other ONEOK news, Director Eduardo A. Rodriguez sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $50.34, for a total transaction of $100,680.00. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $912,412.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.

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