Price Target Update on ONEOK (NYSE:OKE)

ONEOK (NYSE:OKE) : Currently there are 8 street experts covering ONEOK (NYSE:OKE) stock. The most bullish and bearish price target for the stock is $49 and $22 respectively for the short term. The average price target of all the analysts comes to $37.75. The estimated standard deviation from the target is $8.92.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Argus Research downgrades its rating on ONEOK (NYSE:OKE).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 17, 2016.

ONEOK (NYSE:OKE): stock turned positive on Thursday. Though the stock opened at $47.05, the bulls momentum made the stock top out at $47.08 level for the day. The stock recorded a low of $46.13 and closed the trading day at $46.86, in the green by 0.99%. The total traded volume for the day was 2,180,193. The stock had closed at $46.4 in the previous days trading.

The company shares have rallied 18.04% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $47.34 and the one year low was seen on Dec 18, 2015. The 50-Day Moving Average price is $43.01 and the 200 Day Moving Average price is recorded at $30.37. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Oneok Inc /New/, Derksen Brian L had purchased shares worth of $54,594 in a transaction dated on March 17, 2016. A total of 1,800 shares were purchased at a price of $30.33 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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