ONEOK, Inc. (NYSE:OKE) has earned a consensus rating of “Hold” from the twenty-four research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $46.45.

Several equities analysts recently weighed in on OKE shares. Mizuho increased their target price on ONEOK from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Credit Suisse Group lowered ONEOK from an “outperform” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Tuesday, May 5th. Goldman Sachs Group lowered ONEOK from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Monday, April 20th. Citigroup lowered ONEOK from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $80.00 to $36.00 in a research note on Wednesday, June 3rd. Finally, Robert W. Baird lowered ONEOK from an “outperform” rating to a “neutral” rating in a research note on Monday, March 9th.

Shares of NYSE:OKE traded up $1.41 on Tuesday, hitting $33.22. The company had a trading volume of 4,854,262 shares, compared to its average volume of 6,174,620. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 2.56. ONEOK has a 52-week low of $12.16 and a 52-week high of $78.48. The business has a 50 day moving average of $36.34 and a 200 day moving average of $50.31. The company has a market cap of $14.12 billion, a PE ratio of 17.30, a PEG ratio of 1.84 and a beta of 2.21.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. ONEOK had a return on equity of 21.11% and a net margin of 8.40%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $0.81 earnings per share. As a group, equities analysts predict that ONEOK will post 2.79 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in OKE. Princeton Global Asset Management LLC bought a new position in ONEOK during the 4th quarter worth approximately $28,000. Verus Capital Partners LLC bought a new position in ONEOK during the 4th quarter worth approximately $30,000. Flagship Harbor Advisors LLC lifted its holdings in ONEOK by 224.9% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,436 shares of the utilities provider’s stock worth $31,000 after buying an additional 994 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of ONEOK by 31.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 1,531 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 367 shares during the last quarter. Finally, ERTS Wealth Advisors LLC bought a new stake in shares of ONEOK in the 4th quarter worth approximately $39,000. 69.57% of the stock is currently owned by institutional investors.

ONEOK Company Profile

ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

Further Reading: What is the Ex-Dividend Date in Investing?

Analyst Recommendations for ONEOK (NYSE:OKE)

Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.