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.
Investment analysts gave a few price targets for OKE. The highest price target was 62, which equates to a potential upside of 9.81 percent. The most pessimistic analyst gave a price target of 48, implying a possible loss of -14.98 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0 percent. The average change in earnings estimates over the last 90 days 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of OKE to grow at a rate of 19.02 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. OKE has a PEG ratio of 1.78.
In the last 52-weeks, OKE has achieved a high of 59.47 and a 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 price/earnings 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 stock has a market capitalization of $21.45 billion. OKE's next earnings release will be on 0000-00-00, which is days away.