Deutsche Bank AG upgraded shares of Oneok Inc. (NYSE:OKE) from a sell rating to a hold rating in a research note published on Monday. They currently have $52.00 price target on the stock, up from their prior price target of $49.00.
Several other equities analysts have also weighed in on OKE. Jefferies Group reaffirmed a hold rating on shares of Oneok in a research report on Wednesday, August 3rd. Argus lowered shares of Oneok from a buy rating to a hold rating in a research report on Friday, June 17th. Royal Bank Of Canada raised their price objective on shares of Oneok from $39.00 to $46.00 and gave the company a sector perform rating in a research report on Tuesday, August 16th. Zacks Investment Research raised shares of Oneok from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research report on Tuesday, July 26th. Finally, RBC Capital Markets reissued a sector perform rating and issued a $46.00 price target (up previously from $39.00) on shares of Oneok in a research report on Tuesday, August 16th. Fourteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Oneok presently has a consensus rating of Hold and an average price target of $40.79.
Oneok (NYSE:OKE) traded down 0.52% during midday trading on Monday, reaching $50.09. 128,488 shares of the company’s stock traded hands. The company’s 50-day moving average price is $48.62 and its 200 day moving average price is $43.35. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 38.09 and a beta of 1.10. Oneok has a 52 week low of $18.84 and a 52 week high of $51.72.
Oneok (NYSE:OKE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.03. Oneok had a net margin of 3.58% and a return on equity of 9.41%. During the same quarter in the prior year, the business posted $0.36 EPS. On average, equities research analysts expect that Oneok will post $1.72 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Washington Trust Bank increased its stake in Oneok by 0.6% in the third quarter. Washington Trust Bank now owns 2,007 shares of the company’s stock worth $103,000 after buying an additional 11 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Oneok during the second quarter worth $123,000. Baker Ellis Asset Management LLC acquired a new stake in Oneok during the second quarter worth $133,000. WFG Advisors LP increased its stake in Oneok by 3.1% in the second quarter. WFG Advisors LP now owns 2,947 shares of the company’s stock worth $140,000 after buying an additional 88 shares in the last quarter. Finally, Euclid Advisors LLC acquired a new stake in Oneok during the second quarter worth $149,000. Hedge funds and other institutional investors own 72.28% 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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