Oneok Inc. (OKE) Trading Up 3.1%
Shares of Oneok Inc. (NYSE:OKE) were up 3.1% on Monday . The stock traded as high as $47.86 and last traded at $47.50, with a volume of 1,123,201 shares changing hands. The stock had previously closed at $46.08.
Several analysts have weighed in on OKE shares. Royal Bank Of Canada upped their target price on Oneok from $39.00 to $46.00 and gave the company a “sector perform” rating in a report on Tuesday, August 16th. RBC Capital Markets reissued a “sector perform” rating and issued a $46.00 target price (up previously from $39.00) on shares of Oneok in a report on Tuesday, August 16th. Zacks Investment Research raised Oneok from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, July 26th. Jefferies Group upped their target price on Oneok from $42.00 to $43.00 and gave the company a “hold” rating in a report on Monday, July 25th. Finally, Argus lowered Oneok from a “buy” rating to a “hold” rating in a report on Friday, June 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.71.
The firm has a market cap of $9.96 billion, a PE ratio of 37.40 and a beta of 1.11. The firm has a 50-day moving average of $47.12 and a 200-day moving average of $41.04.
Oneok (NYSE:OKE) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) 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 period last year, the firm earned $0.36 EPS. Analysts predict that Oneok Inc. will post $1.79 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Oneok during the second quarter valued at about $403,000. Kentucky Retirement Systems purchased a new position in shares of Oneok during the second quarter valued at about $848,000. Mason Street Advisors LLC purchased a new position in shares of Oneok during the second quarter valued at about $1,343,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Oneok by 52.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,138 shares of the company’s stock valued at $197,000 after buying an additional 1,431 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Oneok by 13.8% in the second quarter. IFP Advisors Inc now owns 8,007 shares of the company’s stock valued at $380,000 after buying an additional 971 shares during the period. Institutional investors own 72.31% 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.
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