ONEOK (NYSE:OKE) Raised to Strong-Buy at US Capital Advisors

ONEOK (NYSE:OKE) was upgraded by equities researchers at US Capital Advisors from a “moderate buy” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports. US Capital Advisors also issued estimates for ONEOK’s Q4 2024 earnings at $1.23 EPS, FY2024 earnings at $4.84 EPS, Q1 2025 earnings at $1.38 EPS and Q2 2025 earnings at $1.30 EPS.

OKE has been the topic of a number of other reports. Scotiabank initiated coverage on ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective on the stock. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays boosted their target price on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Bank of America started coverage on ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Truist Financial boosted their target price on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Trading Down 0.6 %

OKE opened at $97.03 on Monday. ONEOK has a one year low of $67.05 and a one year high of $118.07. The stock has a market capitalization of $56.68 billion, a PE ratio of 20.30, a P/E/G ratio of 3.69 and a beta of 1.70. The business’s 50 day moving average price is $104.24 and its 200 day moving average price is $97.33. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

Hedge Funds Weigh In On ONEOK

Several large investors have recently bought and sold shares of OKE. Czech National Bank boosted its stake in ONEOK by 7.0% in the third quarter. Czech National Bank now owns 118,982 shares of the utilities provider’s stock valued at $10,843,000 after acquiring an additional 7,763 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ONEOK by 17.1% during the third quarter. GAMMA Investing LLC now owns 9,692 shares of the utilities provider’s stock worth $883,000 after buying an additional 1,416 shares during the period. Bangor Savings Bank acquired a new stake in shares of ONEOK during the third quarter worth about $51,000. Axiom Advisory LLC boosted its stake in shares of ONEOK by 2.7% during the third quarter. Axiom Advisory LLC now owns 11,266 shares of the utilities provider’s stock worth $981,000 after buying an additional 298 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of ONEOK by 2.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 21,312 shares of the utilities provider’s stock worth $1,942,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.