Deutsche Bank AG Upgrades Oneok Inc. (OKE) to “Hold”
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. Deutsche Bank AG currently has $52.00 price target on the stock, up from their prior price target of $49.00.
Several other equities research analysts have also recently weighed in on the company. Morgan Stanley cut Oneok from an overweight rating to an equal weight rating and upped their target price for the stock from $48.00 to $50.00 in a report on Tuesday, October 4th. They noted that the move was a valuation call. RBC Capital Markets reiterated a sector perform rating and issued a $46.00 target price (up from $39.00) on shares of Oneok in a report on Tuesday, August 16th. Royal Bank Of Canada upped their target price on Oneok from $39.00 to $46.00 and gave the stock a sector perform rating in a report on Tuesday, August 16th. Zacks Investment Research cut Oneok from a buy rating to a hold rating in a report on Tuesday, August 9th. Finally, Jefferies Group reiterated a hold rating on shares of Oneok in a report on Wednesday, August 3rd. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Oneok has a consensus rating of Hold and an average price target of $40.79.
Shares of Oneok (NYSE:OKE) opened at 49.80 on Monday. The company has a 50-day moving average price of $48.80 and a 200 day moving average price of $43.49. The company has a market capitalization of $10.48 billion, a P/E ratio of 37.87 and a beta of 1.10. Oneok has a 12-month low of $18.84 and a 12-month high of $51.72.
Oneok (NYSE:OKE) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ 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 period in the previous year, the firm posted $0.36 EPS. On average, equities analysts anticipate that Oneok will post $1.72 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Washington Trust Bank raised its position in shares of 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 purchased a new position in shares of Oneok during the second quarter worth $123,000. Baker Ellis Asset Management LLC purchased a new position in shares of Oneok during the second quarter worth $133,000. WFG Advisors LP raised its position in shares of 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 purchased a new position in shares of Oneok during the second quarter worth $149,000. 72.28% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Oneok Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oneok Inc. and related companies with MarketBeat.com's FREE daily email newsletter.