After Today’s Bullish Options Activity, Is ONEOK, Inc.’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is ONEOK, Inc.'s Near Term Analysis Positive?

In today’s session ONEOK, Inc. (OKE) registered an unusually high (1,012) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious OKE increase. With 1,012 contracts traded and 5594 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: OKE170120C00057500 closed last at: $0.9 or 18.2% down. About 355,337 shares traded hands. ONEOK, Inc. (NYSE:OKE) has risen 41.46% since April 27, 2016 and is uptrending. It has outperformed by 36.24% the S&P500.

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on February, 27. They expect $0.47 EPS, up 4.44% or $0.02 from last year’s $0.45 per share. OKE’s profit will be $98.25M for 29.06 P/E if the $0.47 EPS becomes a reality. After $0.44 actual EPS reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 6.82% 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. $53 is the highest target while $24 is the lowest. The $37.56 average target is -31.25% below today’s ($54.63) stock price. ONEOK has been the topic of 27 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock with “Buy” rating in Friday, June 17 report. The stock of ONEOK, Inc. (NYSE:OKE) earned “Hold” rating by Deutsche Bank on Monday, October 10. The rating was maintained by Citigroup on Tuesday, April 19 with “Buy”. The firm has “Overweight” rating given on Monday, May 9 by Barclays Capital. Jefferies downgraded it to “Hold” rating and $42 target price in Wednesday, June 8 report. The firm has “Outperform” rating by Credit Suisse given on Thursday, December 31. The firm has “Outperform” rating by Oppenheimer given on Tuesday, August 11. The firm has “Hold” rating given on Wednesday, May 18 by US Capital Advisors. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, October 4 report. Citigroup upgraded ONEOK, Inc. (NYSE:OKE) rating on Tuesday, September 15. Citigroup has “Buy” rating and $40 price target.

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 1.2 in 2016 Q2. Its down 0.01, from 1.21 in 2016Q1. The ratio dived, 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.
Manufacturers Life The accumulated 0.05% or 708,018 shares. Gulf Interest Bankshares (Uk) Ltd owns 62,106 shares or 0.05% of their US portfolio. Bridgecreek Invest Mgmt Limited Liability, a Oklahoma-based fund reported 202,050 shares. Aperio Group last reported 133,270 shares in the company. Omers Administration Corporation accumulated 137,000 shares or 0.13% of the stock. Cornerstone Capital Management Holding Lc holds 0.04% or 112,778 shares in its portfolio. State Of New Jersey Common Pension Fund D has invested 0.28% of its portfolio in ONEOK, Inc. (NYSE:OKE). Finemark Bank And last reported 600 shares in the company. Apg Asset Mgmt Nv owns 390,783 shares or 0.03% of their US portfolio. Moreover, One Cap Lc has 0.11% invested in ONEOK, Inc. (NYSE:OKE) for 6,855 shares. Utah Retirement System, a Utah-based fund reported 38,094 shares. Moreover, Commonwealth Natl Bank Of has 0.02% invested in ONEOK, Inc. (NYSE:OKE) for 37,552 shares. Blackrock Fund Advisors reported 11.61 million shares or 0.12% of all its holdings. Moreover, Exxonmobil Inv Inc Tx has 0.05% invested in ONEOK, Inc. (NYSE:OKE) for 54,386 shares. Bb&T Secs Ltd Co accumulated 0.01% or 7,168 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 $11.42 billion. The Firm operates through three business divisions: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. It has a 39.85 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.

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.

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