Oneok Inc. (NYSE:OKE)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a research note issued to investors on Sunday. They presently have a $46.00 target price on the stock. Jefferies Group’s price objective would suggest a potential downside of 8.24% from the stock’s current price.

OKE has been the subject of a number of other research reports. Zacks Investment Research cut shares of Oneok from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. RBC Capital Markets restated a “sector perform” rating and set a $46.00 target price (up previously from $39.00) on shares of Oneok in a research report on Tuesday, August 16th. Royal Bank Of Canada lifted their target price on shares of Oneok from $39.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 16th. Deutsche Bank AG upgraded shares of Oneok from a “sell” rating to a “hold” rating and lifted their target price for the stock from $49.00 to $52.00 in a research report on Monday, October 10th. Finally, Morgan Stanley cut shares of Oneok from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $48.00 to $50.00 in a research report on Tuesday, October 4th. They noted that the move was a valuation call. Fourteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.00.

Analyst Recommendations for Oneok (NYSE:OKE)

Oneok (NYSE:OKE) opened at 50.13 on Friday. Oneok has a one year low of $18.84 and a one year high of $51.72. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 38.12 and a beta of 1.10. The stock has a 50 day moving average of $48.89 and a 200 day moving average of $43.65.

Oneok (NYSE:OKE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ 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 quarter last year, the firm posted $0.36 earnings per share. Analysts forecast that Oneok will post $1.72 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Oneok by 7.3% in the second quarter. Vanguard Group Inc. now owns 20,707,166 shares of the company’s stock worth $982,554,000 after buying an additional 1,401,380 shares during the last quarter. BlackRock Fund Advisors increased its stake in Oneok by 6.2% in the second quarter. BlackRock Fund Advisors now owns 11,605,034 shares of the company’s stock valued at $550,659,000 after buying an additional 677,055 shares in the last quarter. State Street Corp increased its stake in Oneok by 4.8% in the first quarter. State Street Corp now owns 10,113,298 shares of the company’s stock valued at $301,992,000 after buying an additional 465,388 shares in the last quarter. Sasco Capital Inc. CT increased its stake in Oneok by 14.4% in the first quarter. Sasco Capital Inc. CT now owns 5,670,365 shares of the company’s stock valued at $169,317,000 after buying an additional 711,734 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Oneok by 21.9% in the second quarter. Bank of New York Mellon Corp now owns 4,038,472 shares of the company’s stock valued at $191,625,000 after buying an additional 724,684 shares in the last quarter. Hedge funds and other institutional investors own 72.28% 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.

5 Day Chart for NYSE:OKE

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