ONEOK, Inc. (NYSE:OKE)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a research report issued on Friday, November 3rd. They currently have a $55.00 price objective on the utilities provider’s stock. Stifel Nicolaus’ price target points to a potential upside of 8.12% from the company’s previous close.
A number of other equities research analysts have also commented on the company. Barclays PLC started coverage on ONEOK in a research report on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 price objective for the company. Jefferies Group LLC restated a “hold” rating and set a $52.00 price objective (up from $51.00) on shares of ONEOK in a research report on Friday, September 1st. Mizuho assumed coverage on ONEOK in a report on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price target for the company. Zacks Investment Research upgraded ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a report on Tuesday, October 17th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $58.00 price target on shares of ONEOK in a report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. ONEOK currently has an average rating of “Hold” and a consensus target price of $59.07.
Shares of ONEOK (NYSE OKE) traded up $0.04 on Friday, reaching $50.87. The company had a trading volume of 640,029 shares, compared to its average volume of 3,287,157. The stock has a market cap of $19,700.98, a PE ratio of 32.11, a P/E/G ratio of 3.71 and a beta of 1.29. ONEOK has a 1 year low of $47.14 and a 1 year high of $59.47. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41.
ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same period in the prior year, the business posted $0.43 EPS. equities analysts anticipate that ONEOK will post 1.73 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of OKE. Delta Asset Management LLC TN bought a new stake in shares of ONEOK during the second quarter valued at approximately $103,000. Ropes Wealth Advisors LLC bought a new stake in shares of ONEOK during the second quarter valued at approximately $103,000. Smithfield Trust Co. increased its position in shares of ONEOK by 107.7% during the second quarter. Smithfield Trust Co. now owns 1,994 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,034 shares during the period. Winslow Evans & Crocker Inc. increased its position in shares of 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. Finally, Mercer Capital Advisers Inc. increased its position in shares of ONEOK by 229.8% during the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 1,379 shares during the period. 53.22% of the stock is currently owned by institutional investors.
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.
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