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.
Many analysts weighed in on price targets for OKE. The maximum price target given was 62, implying potential capital gains of 9.81 percent. The most pessimistic price target was 48, which equates to a potential downside of -14.98 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -0 percent. That number becomes 2.52 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -2.43 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.22 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. 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.
Analysts estimate earnings of OKE to grow at a rate of 19.02 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. 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. Today's price is 31.95 percent above the 52-week low, and 5.06 percent below the high. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.