ONEOK OKE has been analyzed by 10 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 5 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 1 | 3 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $106.6, a high estimate of $132.00, and a low estimate of $98.00. Surpassing the previous average price target of $96.88, the current average has increased by 10.03%.
Investigating Analyst Ratings: An Elaborate Study
The standing of ONEOK among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Brandon Bingham | Scotiabank | Announces | Sector Outperform | $109.00 | - |
| Michael Blum | Wells Fargo | Maintains | Equal-Weight | $107.00 | $107.00 |
| Neal Dingmann | Truist Securities | Raises | Hold | $107.00 | $99.00 |
| Brian Reynolds | UBS | Raises | Buy | $132.00 | $112.00 |
| Theresa Chen | Barclays | Raises | Equal-Weight | $99.00 | $94.00 |
| Michael Blum | Wells Fargo | Raises | Overweight | $107.00 | $100.00 |
| Neal Dingmann | Truist Securities | Raises | Hold | $99.00 | $83.00 |
| Sunil Sibal | Seaport Global | Raises | Buy | $103.00 | $91.00 |
| Jean Ann Salisbury | B of A Securities | Announces | Buy | $105.00 | - |
| Elvira Scotto | RBC Capital | Raises | Sector Perform | $98.00 | $89.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ONEOK. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ONEOK compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of ONEOK's stock. This analysis reveals shifts in analysts' expectations over time.
For valuable insights into ONEOK's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on ONEOK analyst ratings.
Discovering ONEOK: A Closer Look
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation and natural gas liquids transportation and fractionation. It also operates a refined product and crude oil segment connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.
Understanding the Numbers: ONEOK's Finances
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, ONEOK showcased positive performance, achieving a revenue growth rate of 19.91% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: ONEOK's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.78%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): ONEOK's ROE stands out, surpassing industry averages. With an impressive ROE of 4.12%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): ONEOK's ROA stands out, surpassing industry averages. With an impressive ROA of 1.45%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 1.67, ONEOK adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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