Oneok Inc. (OKE) Given Average Rating of “Hold” by Brokerages
Shares of Oneok Inc. (NYSE:OKE) have received an average rating of “Hold” from the sixteen analysts that are covering the company. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $42.64.
A number of equities analysts have weighed in on the company. Jefferies Group reissued a “hold” rating and issued a $46.00 target price on shares of Oneok in a research report on Thursday, November 3rd. Deutsche Bank AG upgraded Oneok from a “sell” rating to a “hold” rating and boosted their price target for the company from $49.00 to $52.00 in a research note on Monday, October 10th. Morgan Stanley downgraded Oneok from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $48.00 to $50.00 in a research note on Tuesday, October 4th. They noted that the move was a valuation call. RBC Capital Markets restated a “sector perform” rating and set a $46.00 price target (up from $39.00) on shares of Oneok in a research note on Tuesday, August 16th. Finally, Royal Bank Of Canada boosted their price target on Oneok from $39.00 to $46.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 16th.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Daily Political and is the propert of of Daily Political. If you are accessing this report on another domain, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be read at http://www.dailypolitical.com/2016/11/29/oneok-inc-oke-given-average-rating-of-hold-by-brokerages.html.
Shares of Oneok (NYSE:OKE) traded down 0.767% during midday trading on Tuesday, reaching $52.415. 928,343 shares of the company were exchanged. Oneok has a 12-month low of $18.84 and a 12-month high of $54.50. The stock has a market capitalization of $11.03 billion, a P/E ratio of 38.711 and a beta of 1.06. The company has a 50 day moving average price of $49.80 and a 200-day moving average price of $47.30.
Oneok (NYSE:OKE) last issued its earnings results on Tuesday, November 1st. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.02. Oneok had a return on equity of 9.99% and a net margin of 3.50%. During the same period in the previous year, the business posted $0.39 earnings per share. On average, analysts forecast that Oneok will post $1.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, October 31st were paid a $0.615 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $2.46 annualized dividend and a yield of 4.66%. Oneok’s payout ratio is 182.22%.
A number of hedge funds and other institutional investors have recently bought and sold shares of OKE. HighPoint Advisor Group LLC purchased a new stake in shares of Oneok during the third quarter valued at about $409,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Oneok by 0.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 408,720 shares of the company’s stock valued at $21,004,000 after buying an additional 1,430 shares during the period. LPL Financial LLC boosted its stake in shares of Oneok by 9.6% in the third quarter. LPL Financial LLC now owns 47,415 shares of the company’s stock valued at $2,349,000 after buying an additional 4,142 shares during the period. Tuttle Tactical Management LLC purchased a new stake in shares of Oneok during the third quarter valued at about $151,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Oneok by 457.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 628,643 shares of the company’s stock valued at $32,305,000 after buying an additional 515,865 shares during the period. Institutional investors and hedge funds own 71.32% of the company’s stock.
Oneok Company Profile
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.