ONEOK (NYSE:OKE) Stock Rating Upgraded by US Capital Advisors

ONEOK (NYSE:OKE) was upgraded by US Capital Advisors from a “moderate buy” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports. US Capital Advisors also issued estimates for ONEOK’s Q4 2024 earnings at $1.23 EPS, FY2024 earnings at $4.84 EPS, Q1 2025 earnings at $1.38 EPS and Q2 2025 earnings at $1.30 EPS.

A number of other brokerages also recently commented on OKE. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research note on Wednesday, December 18th. Barclays boosted their target price on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Bank of America started coverage on ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target for the company. Scotiabank started coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Finally, UBS Group boosted their price target on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Stock Performance

Shares of NYSE OKE opened at $97.03 on Monday. The business’s 50-day moving average price is $104.24 and its two-hundred day moving average price is $97.33. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK has a one year low of $67.05 and a one year high of $118.07. The company has a market capitalization of $56.68 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 3.69 and a beta of 1.70.

Hedge Funds Weigh In On ONEOK

Large investors have recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in ONEOK in the 3rd quarter valued at approximately $29,000. Kieckhefer Group LLC acquired a new position in ONEOK in the 4th quarter valued at approximately $30,000. Access Investment Management LLC acquired a new position in ONEOK in the 3rd quarter valued at approximately $37,000. Canton Hathaway LLC acquired a new position in ONEOK in the 4th quarter valued at approximately $40,000. Finally, Values First Advisors Inc. acquired a new position in ONEOK in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.