ONEOK OKE has been analyzed by 12 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 2 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 3 | 0 | 0 |
| 2M Ago | 2 | 1 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $81.42, a high estimate of $88.00, and a low estimate of $71.00. This upward trend is evident, with the current average reflecting a 6.88% increase from the previous average price target of $76.18.
Investigating Analyst Ratings: An Elaborate Study
In examining recent analyst actions, we gain insights into how financial experts perceive ONEOK. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Selman Akyol | Stifel | Raises | Buy | $88.00 | $81.00 |
| Robert Kad | Morgan Stanley | Raises | Equal-Weight | $85.00 | $84.00 |
| Neal Dingmann | Truist Securities | Raises | Hold | $81.00 | $71.00 |
| Gabriel Moreen | Mizuho | Raises | Neutral | $81.00 | $75.00 |
| Jeremy Tonet | JP Morgan | Raises | Overweight | $85.00 | $81.00 |
| Theresa Chen | Barclays | Raises | Equal-Weight | $80.00 | $73.00 |
| Spiro Dounis | Citigroup | Raises | Buy | $83.00 | $73.00 |
| Brian Reynolds | UBS | Raises | Buy | $87.00 | $80.00 |
| Gabriel Moreen | Mizuho | Raises | Neutral | $75.00 | $72.00 |
| Sunil Sibal | Seaport Global | Announces | Buy | $76.00 | - |
| Neal Dingmann | Truist Securities | Raises | Hold | $71.00 | $68.00 |
| Justin Jenkins | Raymond James | Raises | Outperform | $85.00 | $80.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ONEOK. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ONEOK compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for ONEOK's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of ONEOK's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on ONEOK analyst ratings.
Discovering ONEOK: A Closer Look
Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.
ONEOK's Financial Performance
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining ONEOK's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.03% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: ONEOK's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 13.14%, the company may face hurdles in effective cost management.
Return on Equity (ROE): ONEOK's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.2%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): ONEOK's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.56%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.32.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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