ONEOK (OKE) is Upgraded by Credit Suisse to Outperform , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-31-2015.
The company shares have dropped 51.62% in the past 52 Weeks. On April 15, 2015 The shares registered one year high of $51.53 and one year low was seen on December 18, 2015 at $18.84. The 50-day moving average is $26.15 and the 200 day moving average is recorded at $34.28. S&P 500 has rallied 1.33% during the last 52-weeks.
Shares of ONEOK, Inc. (NYSE:OKE) appreciated by 27.42% during the past week but lost 18.13% on a 4-week basis. The shares have outperformed the S&P 500 by 23.99% in the past week but underperformed the index by 16.97% in the last 4 weeks.
During the last several months other analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of ONEOK, Inc. (NYSE:OKE). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $27 per share from a prior target of $45. The rating by the firm was issued on December 16, 2015.
Shares of ONEOK, Inc. (NYSE:OKE) ended Thursday session in red amid volatile trading. The shares closed down 0.17 points or 0.7% at $24.12 with 2,207,615 shares getting traded. Post opening the session at $24.35, the shares hit an intraday low of $23.88 and an intraday high of $24.72 and the price vacillated in this range throughout the day. The company has a market cap of $5,048 million and the number of outstanding shares has been calculated to be 209,277,590 shares. The 52-week high of ONEOK, Inc. (NYSE:OKE) is $51.53 and the 52-week low is $18.84.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director, of Oneok Inc /New/, Rodriguez Eduardo A had unloaded 3,700 shares at $44.74 per share in a transaction on May 8, 2015. The total value of transaction was $165,538. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
ONEOK, Inc. (NYSE:OKE): The mean short term price target for ONEOK, Inc. (NYSE:OKE) has been established at $35.56 per share. The higher price target estimate is at $48 and the lower price target estimate is expected at $26 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.73
ONEOK, Inc. is a diversified energy company. It is a partner company of ONEOK Partners. The Company holds approximately 41.20 % interest in ONEOK Partners. The Company’s distribution markets include Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas, and Austin and El Paso, Texas. The Company’s segments include ONEOK Partners, Natural Gas Distribution and Energy Services. The ONEOK Partners segment gathers, processes and stores, and transports natural gas in the United States. The Natural Gas Distribution segment provides natural gas distribution services to residential, commercial, industrial and transportation customers. The Energy Services segment provides next-day and no-notice natural gas delivery services as per customer requirement.