The stock of ONEOK, Inc. (NYSE:OKE) is a huge mover today! About 764,430 shares traded hands. ONEOK, Inc. (NYSE:OKE) has risen 64.09% since April 5, 2016 and is uptrending. It has outperformed by 62.13% the S&P500.
The move comes after 9 months positive chart setup for the $10.76B company. It was reported on Nov, 8 by Barchart.com. We have $71.42 PT which if reached, will make NYSE:OKE worth $4.73B more.
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 rating was maintained by Oppenheimer with “Outperform” on Tuesday, August 11. Credit Suisse initiated ONEOK, Inc. (NYSE:OKE) on Monday, September 14 with “Neutral” rating. The company was downgraded on Friday, January 22 by Oppenheimer. Argus Research downgraded ONEOK, Inc. (NYSE:OKE) on Friday, June 17 to “Hold” rating. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, December 16 report. On Monday, May 9 the stock rating was upgraded by Barclays Capital to “Overweight”. The company was downgraded on Wednesday, May 18 by US Capital Advisors. As per Monday, February 8, the company rating was downgraded by Robert W. Baird. The company was upgraded on Monday, January 11 by Argus Research. The company was initiated on Monday, March 28 by RBC Capital Markets.
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 Q2 2016. Its down 0.14, from 1.35 in 2016Q1. The ratio turned 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.
Moreover, Mizuho Asset Mgmt Coltd has 0.03% invested in ONEOK, Inc. (NYSE:OKE) for 3,288 shares. Aull Monroe Mngmt Corp last reported 0.29% of its portfolio in the stock. Benjamin F Edwards & owns 20,374 shares or 0.19% of their US portfolio. Stone Run Cap Limited Liability Co last reported 5,950 shares in the company. The New Jersey-based Mercer Cap Advisers Inc has invested 0.02% in ONEOK, Inc. (NYSE:OKE). Us State Bank De holds 24,403 shares or 0% of its portfolio. Asset accumulated 0.62% or 808,733 shares. Crawford Inv Counsel holds 0.07% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 34,833 shares. Dubuque National Bank & Trust And Com has invested 0.01% of its portfolio in ONEOK, Inc. (NYSE:OKE). National Bank Of Nova Scotia Tru Com has invested 0.03% of its portfolio in ONEOK, Inc. (NYSE:OKE). Comerica Savings Bank owns 61,485 shares or 0.02% of their US portfolio. Pinnacle Hldg Ltd Liability has 110,037 shares for 0% of their US portfolio. Arlington Cap last reported 4.24% of its portfolio in the stock. Mutual Of America Capital Mgmt Limited Co last reported 0.02% of its portfolio in the stock. Citigroup Inc accumulated 0% or 76,700 shares.
Another recent and important ONEOK, Inc. (NYSE:OKE) news was published by Nasdaq.com which published an article titled: “ONEOK Inc. Earnings Rise 18% In Q3” on November 01, 2016.
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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