Analyst Rating Update on ONEOK (OKE)

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. 6 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 Buy with a rank of 2. 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 11 Wall Street Analysts endorse the stock as a Hold with a rating of 2.77.

ONEOK (OKE) : The most positive equity analysts on ONEOK (OKE) expects the shares to touch $49, whereas, the least positive believes that the stock will trade at $22 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $40 with an expected fluctuation of $8.83 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of ONEOK (NYSE:OKE). Jefferies has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $43 per share from a prior target of $42. The rating by the firm was issued on July 25, 2016.


ONEOK (NYSE:OKE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.50 and $42.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.85, notching a gain of 4.35% for the day. The total traded volume was 3,436,763 . The stock had closed at $43.94 on the previous day.

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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