In a report released today, Jean Ann Salisbury from Bernstein maintained a Buy rating on Oneok (OKE – Research Report), with a price target of $79.00. The company’s shares closed yesterday at $74.37.
Ann Salisbury covers the Energy sector, focusing on stocks such as Cheniere Energy, Cheniere Energy Partners, and Energy Transfer. According to TipRanks, Ann Salisbury has an average return of 25.4% and a 72.73% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oneok with a $79.50 average price target, a 6.90% upside from current levels. In a report released yesterday, CFRA also maintained a Buy rating on the stock with a $83.00 price target.
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OKE market cap is currently $42.51B and has a P/E ratio of 13.40.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OKE in relation to earlier this year.
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Oneok (OKE) Company Description:
ONEOK, Inc. engages in gathering, processing, fractionating, transporting, storing, and marketing of natural gas. It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment offers midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins, where it provides midstream services to producers of NGLs and deliver those products to the two primary market centers, one in the Mid-Continent in Conway, Kansas, and the other in the Gulf Coast in Mont Belvieu, Texas. The Natural Gas Pipelines segment provides transportation and storage services to end users. The company was founded in 1906 and is headquartered in Tulsa, OK.
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