Analyst Ratings for ONEOK Inc. (OKE)Updated: 2017-07-29
ONEOK Inc. (NYSE:OKE) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for OKE last month.
A buy rating was issued by 4 analysts, 0 gave an overweight rating, 11 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for OKE. The maximum price target given was 62, implying a possible profit of 9.81 percent. The most pessimistic analyst gave a price target of 48, implying potential capital losses of -14.98 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 2.52 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -2.43 percent. If we look at the last 90 days instead, we find a net average change of -2.22 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
OKE has an estimated earnings growth rate of 19.02 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of OKE is 1.78.
OKE has a 52-week high of 59.47 and a 52-week low of 42.79. Currently the stock is 31.95 percent higher than its low, and below the high by 5.06 percent. OKE has a P/E ratio of 33.92. Investors typically compare the P/E ratio to a company's peers in the industry. The OKE value stock report compares OKE to some of its peers using value stock charts. The market cap of OKE is $21.45 billion. OKE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.