Shares of Oneok Inc. (NYSE:OKE) have been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the firm. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $38.00.
A number of equities analysts have issued reports on OKE shares. Citigroup Inc. raised their price target on shares of Oneok from $35.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, June 17th. Zacks Investment Research raised shares of Oneok from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday, July 26th. Jefferies Group raised their price target on shares of Oneok from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, July 25th. Argus lowered shares of Oneok from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $46.00 price target (up from $39.00) on shares of Oneok in a research report on Tuesday, August 16th.
Shares of Oneok (NYSE:OKE) opened at 48.62 on Tuesday. Oneok has a 12 month low of $18.84 and a 12 month high of $51.13. The company’s 50-day moving average is $47.59 and its 200 day moving average is $41.45. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 36.97 and a beta of 1.11.
Oneok (NYSE:OKE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.03. Oneok had a return on equity of 9.41% and a net margin of 3.58%. During the same quarter in the previous year, the business earned $0.36 EPS. On average, equities research analysts anticipate that Oneok will post $1.81 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Energy Income Partners LLC raised its position in shares of Oneok by 5.9% in the first quarter. Energy Income Partners LLC now owns 944,249 shares of the company’s stock worth $28,195,000 after buying an additional 52,623 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Oneok by 2.9% in the first quarter. Geode Capital Management LLC now owns 1,715,697 shares of the company’s stock worth $51,126,000 after buying an additional 48,653 shares during the last quarter. Legal & General Group Plc raised its position in shares of Oneok by 2.9% in the first quarter. Legal & General Group Plc now owns 1,030,202 shares of the company’s stock worth $30,757,000 after buying an additional 28,955 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Oneok during the first quarter worth $3,029,000. Finally, Stephens Inc. AR raised its position in shares of Oneok by 3.8% in the second quarter. Stephens Inc. AR now owns 22,072 shares of the company’s stock worth $1,047,000 after buying an additional 814 shares during the last quarter. Institutional investors own 72.29% 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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