Peeling Back The Layers: Exploring ONEOK Through Analyst Insights

Throughout the last three months, 5 analysts have evaluated ONEOK OKE, offering a diverse set of opinions 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.

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $78.0, along with a high estimate of $85.00 and a low estimate of $71.00. Witnessing a positive shift, the current average has risen by 6.85% from the previous average price target of $73.00.

Diving into Analyst Ratings: An In-Depth Exploration

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.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to ONEOK. This insight gives a snapshot of analysts' perspectives on 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: 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.

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.

Unveiling the Story Behind ONEOK

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.

Financial Milestones: ONEOK's Journey

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

Negative Revenue Trend: Examining ONEOK's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -29.17% in revenue growth, reflecting 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 is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 10.81%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): ONEOK's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.85%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): ONEOK's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.33%, 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 1.35.

The Basics of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

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.