ONEOK (NYSE:OKE) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 3 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $85.88, a high estimate of $93.00, and a low estimate of $81.00. Surpassing the previous average price target of $81.38, the current average has increased by 5.53%.
Diving into Analyst Ratings: An In-Depth Exploration
A comprehensive examination of how financial experts perceive ONEOK is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Robert Kad | Morgan Stanley | Raises | Equal-Weight | $93.00 | $90.00 |
| Jeremy Tonet | JP Morgan | Raises | Overweight | $89.00 | $88.00 |
| Michael Blum | Wells Fargo | Raises | Overweight | $85.00 | $81.00 |
| Selman Akyol | Stifel | Raises | Buy | $88.00 | $81.00 |
| Robert Kad | Morgan Stanley | Raises | Equal-Weight | $85.00 | $84.00 |
| Neal Dingmann | Truist Securities | Raises | Hold | $81.00 | $71.00 |
| Gabriel Moreen | Mizuho | Raises | Neutral | $81.00 | $75.00 |
| Jeremy Tonet | JP Morgan | Raises | Overweight | $85.00 | $81.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ONEOK. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of ONEOK compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of ONEOK's stock. This comparison reveals trends 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.
Get to Know ONEOK Better
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 Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Positive Revenue Trend: Examining ONEOK's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.75% as of 31 March, 2024, showcasing a substantial increase 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 13.37%, 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 3.88%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.44%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: ONEOK's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.34.
How Are Analyst Ratings Determined?
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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.