Stifel Nicolaus Reaffirms “Hold” Rating for ONEOK, Inc. (OKE)

Stifel Nicolaus restated their hold rating on shares of ONEOK, Inc. (NYSE:OKE) in a research note published on Thursday morning. The firm currently has a $54.00 price objective on the utilities provider’s stock.

Several other brokerages have also issued reports on OKE. Morgan Stanley lowered ONEOK from an overweight rating to an equal weight rating and set a $54.00 price target for the company. in a report on Wednesday, July 5th. Jefferies Group LLC reiterated a hold rating and set a $52.00 price target (up from $51.00) on shares of ONEOK in a report on Friday, September 1st. BidaskClub upgraded ONEOK from a strong sell rating to a sell rating in a report on Tuesday, June 27th. Argus upgraded ONEOK from a hold rating to a buy rating and set a $55.00 price target for the company in a report on Wednesday, June 21st. Finally, BMO Capital Markets upgraded ONEOK from a market perform rating to an outperform rating and lifted their price target for the company from $53.00 to $59.00 in a report on Wednesday, July 5th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $58.15.

Shares of ONEOK (OKE) traded up 0.11% on Thursday, hitting $56.47. 2,089,185 shares of the stock traded hands. The stock has a market cap of $21.46 billion, a price-to-earnings ratio of 35.38 and a beta of 1.30. ONEOK has a one year low of $45.41 and a one year high of $59.47. The company’s 50 day moving average is $55.67 and its 200 day moving average is $53.18.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.12). The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. During the same quarter in the prior year, the firm earned $0.40 earnings per share. On average, equities analysts forecast that ONEOK will post $1.72 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Stifel Nicolaus Reaffirms “Hold” Rating for ONEOK, Inc. (OKE)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/15/stifel-nicolaus-reaffirms-hold-rating-for-oneok-inc-oke.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CHICAGO TRUST Co NA increased its position in ONEOK by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 4,020 shares of the utilities provider’s stock worth $210,000 after buying an additional 20 shares during the period. Cleararc Capital Inc. increased its position in ONEOK by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 5,147 shares of the utilities provider’s stock worth $285,000 after buying an additional 36 shares during the period. New Amsterdam Partners LLC NY increased its position in ONEOK by 0.6% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 9,367 shares of the utilities provider’s stock worth $489,000 after buying an additional 58 shares during the period. Stephens Inc. AR increased its position in ONEOK by 0.4% in the 2nd quarter. Stephens Inc. AR now owns 15,430 shares of the utilities provider’s stock worth $805,000 after buying an additional 58 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in ONEOK by 0.7% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,076 shares of the utilities provider’s stock worth $448,000 after buying an additional 60 shares during the period. 51.26% of the stock is

Several other brokerages have also issued reports on OKE. Morgan Stanley lowered ONEOK from an overweight rating to an equal weight rating and set a $54.00 price target for the company. in a report on Wednesday, July 5th. Jefferies Group LLC reiterated a hold rating and set a $52.00 price target (up from $51.00) on shares of ONEOK in a report on Friday, September 1st. BidaskClub upgraded ONEOK from a strong sell rating to a sell rating in a report on Tuesday, June 27th. Argus upgraded ONEOK from a hold rating to a buy rating and set a $55.00 price target for the company in a report on Wednesday, June 21st. Finally, BMO Capital Markets upgraded ONEOK from a market perform rating to an outperform rating and lifted their price target for the company from $53.00 to $59.00 in a report on Wednesday, July 5th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $58.15.

Shares of ONEOK (OKE) traded up 0.11% on Thursday, hitting $56.47. 2,089,185 shares of the stock traded hands. The stock has a market cap of $21.46 billion, a price-to-earnings ratio of 35.38 and a beta of 1.30. ONEOK has a one year low of $45.41 and a one year high of $59.47. The company’s 50 day moving average is $55.67 and its 200 day moving average is $53.18.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.12). The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. During the same quarter in the prior year, the firm earned $0.40 earnings per share. On average, equities analysts forecast that ONEOK will post $1.72 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Stifel Nicolaus Reaffirms “Hold” Rating for ONEOK, Inc. (OKE)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/15/stifel-nicolaus-reaffirms-hold-rating-for-oneok-inc-oke.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CHICAGO TRUST Co NA increased its position in ONEOK by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 4,020 shares of the utilities provider’s stock worth $210,000 after buying an additional 20 shares during the period. Cleararc Capital Inc. increased its position in ONEOK by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 5,147 shares of the utilities provider’s stock worth $285,000 after buying an additional 36 shares during the period. New Amsterdam Partners LLC NY increased its position in ONEOK by 0.6% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 9,367 shares of the utilities provider’s stock worth $489,000 after buying an additional 58 shares during the period. Stephens Inc. AR increased its position in ONEOK by 0.4% in the 2nd quarter. Stephens Inc. AR now owns 15,430 shares of the utilities provider’s stock worth $805,000 after buying an additional 58 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in ONEOK by 0.7% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,076 shares of the utilities provider’s stock worth $448,000 after buying an additional 60 shares during the period. 51.26% of the stock is currently owned by institutional investors.

About ONEOK

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Analyst Recommendations for ONEOK (NYSE:OKE)

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