ONEOK (OKE) : Analyst Rating Update

ONEOK (OKE) has an average broker rating of 2.77, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

ONEOK (OKE) : 8 investment research analysts covering ONEOK (OKE) have an average price target of $37.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $49 and the lowest target is $22 for the short term. Analysts expect the variance to be within $8.92 of the average price.

ONEOK (NYSE:OKE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.98 and $46.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.41, notching a gain of 0.59% for the day. The total traded volume was 3,338,362 . The stock had closed at $47.13 on the previous day.

Also, Argus Research downgrades its view on ONEOK (NYSE:OKE) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 17, 2016. The company shares have rallied 22.38% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $47.76 and the one year low was seen on Dec 18, 2015. The 50-Day Moving Average price is $44.66 and the 200 Day Moving Average price is recorded at $32.03.

ONEOK, Inc. 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 Company operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers, including gathering and processing of natural gas produced from crude oil and natural gas 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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