The stock of ONEOK, Inc. (NYSE:OKE) is a huge mover today! About 1.13M shares traded hands. ONEOK, Inc. (NYSE:OKE) has risen 50.06% since April 13, 2016 and is uptrending. It has outperformed by 46.14% the S&P500.
The move comes after 9 months positive chart setup for the $10.49B company. It was reported on Nov, 15 by Barchart.com. We have $69.89 PT which if reached, will make NYSE:OKE worth $4.20B more.
ONEOK, Inc. (NYSE:OKE) Ratings Coverage
Out of 12 analysts covering ONEOK (NYSE:OKE), 2 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 17% are positive. ONEOK has been the topic of 27 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Argus Research given on Friday, June 17. Oppenheimer maintained the shares of OKE in a report on Tuesday, August 11 with “Outperform” rating. The rating was upgraded by Deutsche Bank to “Hold” on Monday, October 10. Citigroup maintained the stock with “Buy” rating in Friday, June 17 report. As per Wednesday, December 16, the company rating was maintained by Barclays Capital. The rating was upgraded by Oppenheimer to “Outperform” on Wednesday, December 23. The stock has “Overweight” rating given by Barclays Capital on Monday, May 9. The stock of ONEOK, Inc. (NYSE:OKE) has “Sector Perform” rating given on Monday, March 28 by RBC Capital Markets. Credit Suisse upgraded ONEOK, Inc. (NYSE:OKE) rating on Thursday, December 31. Credit Suisse has “Outperform” rating and $40 price target. The stock of ONEOK, Inc. (NYSE:OKE) earned “Neutral” rating by Credit Suisse on Thursday, February 25.
According to Zacks Investment Research, “ONEOK, Inc. is engaged in several aspects of the energy business. The company purchases, gathers, compresses, transports, stores, and distributes natural gas. It also leases pipeline capacity to others. The company drills for and produces oil and gas, extracts and sells natural gas liquids, and is engaged in the gas marketing business.”
Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 0.14, from 1.35 in 2016Q1. The ratio is negative, as 39 funds sold all ONEOK, Inc. shares owned while 150 reduced positions. 91 funds bought stakes while 138 increased positions. They now own 149.28 million shares or 4.70% less from 156.65 million shares in 2016Q1.
Next Grp has invested 0.01% of its portfolio in ONEOK, Inc. (NYSE:OKE). Stone Run Limited Liability reported 5,950 shares or 0.18% of all its holdings. Nuveen Asset Limited Liability holds 0.09% or 314,818 shares in its portfolio. Panagora Asset Mngmt Inc reported 51,697 shares or 0.01% of all its holdings. Sigma Planning Corp has 0.05% invested in the company for 8,665 shares. Investors Asset Mngmt Of Georgia Ga Adv has invested 0.46% of its portfolio in ONEOK, Inc. (NYSE:OKE). Amer Century Cos Incorporated holds 0% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 19,075 shares. Chem Savings Bank accumulated 0.03% or 4,968 shares. Andra Ap holds 52,000 shares or 0.06% of its portfolio. Lmr Partners Llp holds 0.11% or 14,981 shares in its portfolio. Trust Of Oklahoma has 0% invested in the company for 12,184 shares. Smith Asset Mngmt L P accumulated 0% or 1,250 shares. Retirement Of Alabama has 107,113 shares for 0.03% of their US portfolio. Moreover, Suntrust Banks Inc has 0.01% invested in ONEOK, Inc. (NYSE:OKE) for 36,848 shares. Van Eck Assoc has invested 0% of its portfolio in ONEOK, Inc. (NYSE:OKE).
OKE Company Profile
ONEOK, Inc., incorporated on May 16, 1997, is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Firm operates through three business divisions: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers that include gathering and processing of natural gas produced from natural gas and crude oil wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.
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