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, implying potential capital gains of 9.81 percent. The most pessimistic price target was 48, implying potential capital losses of -14.98 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain 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.
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. 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. 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 that is often interpreted as the company being fairly priced relative to its growth rate. 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 trailing 52-weeks, OKE hit 59.47 at the highest peak, while it's lowest trading point was 42.79. Today's price is 31.95 percent above the 52-week 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.