ONEOK, Inc. (NYSE:OKE) Given Average Rating of “Moderate Buy” by Analysts

ONEOK, Inc. (NYSE:OKE) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $88.00.

A number of analysts have issued reports on OKE shares. Barclays lowered their target price on ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. Raymond James Financial reissued an “outperform” rating and issued a $82.00 price objective (down from $100.00) on shares of ONEOK in a research report on Friday, October 24th. Argus raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Thursday, November 6th. UBS Group reiterated a “buy” rating on shares of ONEOK in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company reduced their price target on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th.

Insider Buying and Selling at ONEOK

In related news, Director Brian L. Derksen bought 2,500 shares of ONEOK stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the completion of the purchase, the director owned 21,200 shares in the company, valued at approximately $1,399,200. This represents a 13.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On ONEOK

Several large investors have recently added to or reduced their stakes in the company. City Holding Co. bought a new stake in shares of ONEOK during the third quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new stake in ONEOK during the third quarter worth $28,000. Global Wealth Strategies & Associates bought a new stake in ONEOK in the 3rd quarter valued at $29,000. Financial Consulate Inc. bought a new stake in ONEOK in the 3rd quarter valued at $29,000. Finally, Access Investment Management LLC acquired a new position in shares of ONEOK in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE opened at $75.84 on Thursday. The company has a market capitalization of $47.72 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 4.14 and a beta of 0.94. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.75. ONEOK has a one year low of $64.02 and a one year high of $111.02. The company’s fifty day moving average price is $72.18 and its 200 day moving average price is $73.78.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.01. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same period last year, the business posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, analysts expect that ONEOK will post 5.07 earnings per share for the current year.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.