Barclays analyst Theresa Chen reiterated a Hold rating on Oneok (OKE – Research Report) yesterday and set a price target of $80.00. The company’s shares closed yesterday at $77.59.
According to TipRanks, Chen is a 5-star analyst with an average return of 16.4% and a 76.96% success rate. Chen covers the Energy sector, focusing on stocks such as Oneok, Valero Energy, and Enbridge.
Currently, the analyst consensus on Oneok is a Moderate Buy with an average price target of $80.53, implying a 3.79% upside from current levels. In a report released on February 28, Mizuho Securities also maintained a Hold rating on the stock with a $75.00 price target.
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OKE market cap is currently $45.25B and has a P/E ratio of 14.17.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.
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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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