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.
Several price targets were given for OKE by the analysts covering the stock. The highest price target was 62, implying potential capital gains of 9.81 percent. The most pessimistic analyst gave a price target of 48, implying potential capital losses of -14.98 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. Meanwhile, fiscal year estimates have been revised downwards by -2.43 percent, compared to last month. 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, which can be compared to the 1 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
Analysts estimate earnings of OKE to grow at a rate of 19.02 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. OKE has a PEG ratio of 1.78.
In the trailing 52-weeks, OKE hit 59.47 at the highest peak, while it's lowest trading point was 42.79. Currently the stock is 31.95 percent higher than its low, and 5.06 percent lower than its 52-week 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's next earnings release will be on 0000-00-00, which is days away.