Stock Worth Mentioning: Is ONEOK, Inc. a Buy? The Stock Rises Again

Stock Worth Mentioning: Is ONEOK, Inc. a Buy? The Stock Rises Again

The stock of ONEOK, Inc. (NYSE:OKE) is a huge mover today! About 1.44M 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.
The move comes after 9 months positive chart setup for the $11.52 billion company. It was reported on Nov, 30 by Barchart.com. We have $57.32 PT which if reached, will make NYSE:OKE worth $460.80 million more.

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 $98.23 million for 29.32 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. ONEOK has been the topic of 27 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Credit Suisse initiated ONEOK, Inc. (NYSE:OKE) on Monday, September 14 with “Neutral” rating. Citigroup maintained the shares of OKE in a report on Tuesday, April 19 with “Buy” rating. Oppenheimer upgraded ONEOK, Inc. (NYSE:OKE) rating on Wednesday, December 23. Oppenheimer has “Outperform” rating and $27.0 price target. On Thursday, December 31 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of ONEOK, Inc. (NYSE:OKE) has “Sector Perform” rating given on Monday, March 28 by RBC Capital Markets. On Wednesday, May 18 the stock rating was downgraded by US Capital Advisors to “Hold”. Morgan Stanley downgraded ONEOK, Inc. (NYSE:OKE) on Tuesday, October 4 to “Equal-Weight” rating. Jefferies downgraded ONEOK, Inc. (NYSE:OKE) on Wednesday, June 8 to “Hold” rating. As per Monday, January 11, the company rating was upgraded by Argus Research. Citigroup upgraded the stock to “Buy” rating in Tuesday, September 15 report.

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 Q2 2016. 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.
First Interstate Bank & Trust holds 0% or 400 shares in its portfolio. Wetherby Asset Mgmt last reported 0.07% of its portfolio in the stock. Guggenheim Limited Liability Corporation last reported 704,960 shares in the company. Tarbox Gru Inc has 63 shares for 0% of their US portfolio. First Quadrant L P Ca holds 24,900 shares or 0.03% of its portfolio. Deutsche Commercial Bank Ag has invested 0.03% of its portfolio in ONEOK, Inc. (NYSE:OKE). Tower Bridge Advisors, a Pennsylvania-based fund reported 4,800 shares. Delta Lloyd Nv has 0.02% invested in the company for 14,859 shares. Advisor Partners Ltd Liability Company holds 0.11% or 6,837 shares in its portfolio. Segall Bryant Hamill Limited Liability Co holds 0.07% or 53,793 shares in its portfolio. Stephens Ar has 22,072 shares for 0.05% of their US portfolio. Thompson Davis And last reported 1,208 shares in the company. Benjamin F Edwards Company, a Missouri-based fund reported 20,374 shares. Brick & Kyle Associates holds 200 shares or 0.01% of its portfolio. Rhumbline Advisers has invested 0.06% of its portfolio in ONEOK, Inc. (NYSE:OKE).

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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