ONEOK, Inc. (OKE) Receives Average Rating of “Hold” from Analysts

ONEOK, Inc. (NYSE:OKE) has earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $58.62.

Several analysts recently commented on OKE shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $58.00 price objective on shares of ONEOK in a report on Monday, September 11th. Mizuho started coverage on ONEOK in a report on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 price objective for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price objective on shares of ONEOK in a report on Thursday, October 12th. Zacks Investment Research raised ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a report on Tuesday, October 17th. Finally, BMO Capital Markets set a $62.00 price objective on ONEOK and gave the stock a “buy” rating in a report on Wednesday, October 18th.

In related news, Director Brian L. Derksen purchased 1,800 shares of the business’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $51.00 per share, with a total value of $91,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in OKE. Ropes Wealth Advisors LLC bought a new stake in ONEOK during the second quarter valued at about $103,000. Winslow Evans & Crocker Inc. grew its holdings in ONEOK by 462.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 1,620 shares during the period. Mercer Capital Advisers Inc. lifted its position in shares of ONEOK by 229.8% in the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 1,379 shares in the last quarter. Enterprise Financial Services Corp lifted its position in shares of ONEOK by 332.8% in the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,744 shares in the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of ONEOK in the third quarter valued at about $150,000. 70.89% of the stock is owned by institutional investors and hedge funds.

Shares of ONEOK (OKE) traded down $0.14 on Friday, hitting $56.06. The company had a trading volume of 10,159,496 shares, compared to its average volume of 4,509,450. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. ONEOK has a one year low of $47.14 and a one year high of $59.30. The company has a market capitalization of $21,500.00, a price-to-earnings ratio of 35.04, a P/E/G ratio of 2.88 and a beta of 1.26.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). ONEOK had a return on equity of 9.25% and a net margin of 3.76%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm earned $0.43 EPS. research analysts anticipate that ONEOK will post 1.78 earnings per share for the current fiscal year.

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ONEOK Company Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Analyst Recommendations for ONEOK (NYSE:OKE)

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