ONEOK OKE has been analyzed by 11 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 2 | 5 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 4 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $82.36, a high estimate of $88.00, and a low estimate of $75.00. Witnessing a positive shift, the current average has risen by 6.82% from the previous average price target of $77.10.
Analyzing Analyst Ratings: A Detailed Breakdown
An in-depth analysis of recent analyst actions unveils 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 |
|---|---|---|---|---|---|
| Michael Blum | Wells Fargo | Raises | Overweight | $85.00 | $81.00 |
| 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 | - |
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 explore the dynamics of price targets, providing estimates for the future value of ONEOK's stock. This examination reveals shifts in analysts' expectations over time.
Capture valuable insights into ONEOK's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic 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: A Financial Overview
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Challenges: ONEOK's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -8.67%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: ONEOK's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 13.37%, the company may face hurdles in effective cost management.
Return on Equity (ROE): ONEOK's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.88%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): ONEOK's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.44%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.34.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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