ONEOK (OKE): Price Target and June Short Interest Disclosure

ONEOK (OKE) : 8 Wall Street analysts covering ONEOK (OKE) believe that the average level the stock could reach for the short term is $37.75. The maximum price target given is $49 and the minimum target for short term is around $22, hence the standard deviation is calculated at $8.92.

ONEOK (OKE), A reduction of 2,323,783 shares or 14.6% was observed in the short interest of ONEOK Inc. The interest on June 30,2016 came in at 13,576,274 shares and as per the average daily trading of 3,324,206 shares, the days to cover are 4. The reduced interest is 6.5% of the floated shares. The data of June 15,2016 put the interest at 15,900,057 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Argus Research downgrades its rating on ONEOK (NYSE:OKE). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 17, 2016.


ONEOK (NYSE:OKE): stock turned positive on Thursday. Though the stock opened at $47.81, the bulls momentum made the stock top out at $48.05 level for the day. The stock recorded a low of $47.11 and closed the trading day at $47.49, in the green by 0.32%. The total traded volume for the day was 2,141,799. The stock had closed at $47.34 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.

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