ONEOK (OKE) : 2 brokerage houses believe that ONEOK (OKE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ONEOK (OKE). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.79.
ONEOK (OKE) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $49 and the lowest price target forecast is $32. The average forecast of all the analysts is $43.25 and the expected standard deviation is $5.04.
Shares of ONEOK Inc. rose by 2.48% in the last five trading days and 7.72% for the last 4 weeks. ONEOK Inc. is up 17.35% in the last 3-month period. Year-to-Date the stock performance stands at 107.3%. ONEOK (NYSE:OKE): stock turned positive on Tuesday. Though the stock opened at $47.99, the bulls momentum made the stock top out at $48.66 level for the day. The stock recorded a low of $47.9894 and closed the trading day at $48.28, in the green by 0.44%. The total traded volume for the day was 1,715,340. The stock had closed at $48.07 in the previous days trading.
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.