In today’s session ONEOK, Inc. (OKE) registered an unusually high (1,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious OKE increase. With 1,000 contracts traded and 11964 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: OKE161021C00049000 closed last at: $1.5 or 21.1% down. About 603,246 shares traded hands. ONEOK, Inc. (NYSE:OKE) has risen 77.89% since March 14, 2016 and is uptrending. It has outperformed by 72.28% the S&P500.
Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on November, 1. They expect $0.45 EPS, up 9.76% or $0.04 from last year’s $0.41 per share. OKE’s profit will be $95.36M for 27.53 P/E if the $0.45 EPS becomes a reality. After $0.41 actual EPS reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 9.76% EPS growth.
ONEOK, Inc. (NYSE:OKE) Ratings Coverage
Out of 12 analysts covering ONEOK (NYSE:OKE), 2 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 17% are positive. ONEOK has been the topic of 27 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, January 20 by Morgan Stanley. The firm has “Buy” rating by Citigroup given on Tuesday, April 19. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, August 11. On Thursday, February 25 the stock rating was maintained by Credit Suisse with “Neutral”. Barclays Capital upgraded it to “Overweight” rating and $49 target price in Monday, May 9 report. The stock of ONEOK, Inc. (NYSE:OKE) earned “Hold” rating by Argus Research on Friday, June 17. On Wednesday, December 23 the stock rating was upgraded by Oppenheimer to “Outperform”. On Thursday, December 31 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of ONEOK, Inc. (NYSE:OKE) has “Equal Weight” rating given on Wednesday, December 16 by Barclays Capital. The rating was upgraded by Deutsche Bank on Monday, October 10 to “Hold”.
According to Zacks Investment Research, “ONEOK, Inc. is engaged in several aspects of the energy business. The company purchases, gathers, compresses, transports, stores, and distributes natural gas. It also leases pipeline capacity to others. The company drills for and produces oil and gas, extracts and sells natural gas liquids, and is engaged in the gas marketing business.”
Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 0.14, from 1.35 in 2016Q1. The ratio is negative, as 39 funds sold all ONEOK, Inc. shares owned while 150 reduced positions. 91 funds bought stakes while 138 increased positions. They now own 149.28 million shares or 4.70% less from 156.65 million shares in 2016Q1.
Creative Planning holds 69,323 shares or 0.02% of its portfolio. Income Prtn Ltd Liability Co holds 1.07% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 1.01 million shares. Advisory Limited Liability Corporation accumulated 49 shares or 0% of the stock. Td Asset has 161,515 shares for 0.01% of their US portfolio. Moreover, Brown Advisory has 0% invested in ONEOK, Inc. (NYSE:OKE) for 11,800 shares. Northern Trust has invested 0.04% of its portfolio in ONEOK, Inc. (NYSE:OKE). Cibc Asset Mgmt Incorporated last reported 22,499 shares in the company. Qci Asset Incorporated Ny holds 0% or 200 shares in its portfolio. Signaturefd Lc has 198 shares for 0% of their US portfolio. First Manhattan Company last reported 5,430 shares in the company. Moreover, Cleararc Cap Inc has 0.05% invested in ONEOK, Inc. (NYSE:OKE) for 5,119 shares. Agf Invs reported 264 shares or 0% of all its holdings. Smithfield last reported 0.01% of its portfolio in the stock. Teacher Retirement Sys Of Texas accumulated 14,940 shares or 0% of the stock. Oppenheimer & holds 0.08% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 57,343 shares.
ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. , a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The company has a market cap of $10.50 billion. The Firm operates through three business divisions: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. It has a 36.87 P/E ratio. The Natural Gas Gathering and Processing segment provides non-discretionary services to producers that include gathering and processing of natural gas produced from natural gas and crude oil wells.
OKE Company Profile
ONEOK, Inc., incorporated on May 16, 1997, 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 Firm operates through three business divisions: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers that include gathering and processing of natural gas produced from natural gas and crude oil wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.
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