5 Analysts Have This To Say About ONEOK

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on ONEOK OKE in the last three months.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $88.8, a high estimate of $93.00, and a low estimate of $85.00. Surpassing the previous average price target of $85.80, the current average has increased by 3.5%.

Understanding Analyst Ratings: A Comprehensive Breakdown

The standing of ONEOK among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

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: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of ONEOK compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of ONEOK's stock. This comparison reveals trends in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of ONEOK's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on ONEOK analyst ratings.

Delving into ONEOK's Background

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 Economic Impact: An Analysis

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Revenue Growth: ONEOK's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 5.75%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: ONEOK's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 13.37%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): ONEOK's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.88%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): ONEOK's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.44%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 1.34, ONEOK adopts a prudent financial strategy, indicating a balanced approach to debt management.

Understanding the Relevance of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.