Shares of ONEOK, Inc. (NYSE:OKE) have been given an average rating of “Hold” by the seventeen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $58.62.
A number of research firms have commented on OKE. Zacks Investment Research cut ONEOK from a “hold” rating to a “sell” rating in a research note on Tuesday. Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 price target on shares of ONEOK in a research note on Friday, November 3rd. UBS increased their price target on ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. BMO Capital Markets set a $62.00 price target on ONEOK and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Mizuho began coverage on ONEOK in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 price target for the company.
Shares of ONEOK (NYSE OKE) traded down $0.58 during midday trading on Monday, hitting $52.16. The company had a trading volume of 5,325,749 shares, compared to its average volume of 2,224,105. 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 1 year low of $47.14 and a 1 year high of $59.47. The stock has a market cap of $20,222.45, a PE ratio of 32.96, a P/E/G ratio of 3.38 and a beta of 1.26.
ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). ONEOK had a net margin of 3.76% and a return on equity of 9.25%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the business posted $0.43 earnings per share. analysts predict that ONEOK will post 1.73 EPS for the current year.
In other news, Director Brian L. Derksen acquired 1,800 shares of ONEOK stock in a transaction dated Monday, November 20th. The stock was purchased at an average cost of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.
Several large investors have recently made changes to their positions in OKE. Vanguard Group Inc. grew its holdings in ONEOK by 17.3% during the second quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock worth $1,418,645,000 after acquiring an additional 4,002,795 shares during the period. BlackRock Inc. grew its holdings in ONEOK by 28.4% during the second quarter. BlackRock Inc. now owns 24,014,654 shares of the utilities provider’s stock worth $1,252,605,000 after acquiring an additional 5,317,251 shares during the period. State Street Corp grew its holdings in ONEOK by 53.7% during the second quarter. State Street Corp now owns 17,416,296 shares of the utilities provider’s stock worth $908,434,000 after acquiring an additional 6,086,061 shares during the period. Tortoise Capital Advisors L.L.C. grew its holdings in ONEOK by 269.7% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,348,843 shares of the utilities provider’s stock worth $739,659,000 after acquiring an additional 9,737,701 shares during the period. Finally, Kayne Anderson Capital Advisors LP grew its holdings in ONEOK by 184.7% during the third quarter. Kayne Anderson Capital Advisors LP now owns 9,476,645 shares of the utilities provider’s stock worth $525,098,000 after acquiring an additional 6,148,494 shares during the period. Hedge funds and other institutional investors own 71.02% of the company’s stock.
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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.
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