ONEOK (OKE) is Upgraded by Oppenheimer to Outperform, Price Target at $27

ONEOK (OKE) is Upgraded by Oppenheimer to Outperform according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $27. Earlier the firm had a rating of Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-24-2015.

Shares of ONEOK, Inc. (NYSE:OKE) ended Thursday session in red amid volatile trading. The shares closed down 1.02 points or 4.89% at $19.86 with 6,815,003 shares getting traded. Post opening the session at $20.81, the shares hit an intraday low of $19.12 and an intraday high of $21 and the price vacillated in this range throughout the day. The company has a market cap of $4,156 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 $19.675.

During the last several months other analysts have commented on the company rating. In a research note released to the investors, Deutsche Bank maintains its rating on ONEOK, Inc. (NYSE:OKE).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $36 per share to $26 per share. The rating by the firm was issued on November 18, 2015.

ONEOK, Inc. (NYSE:OKE) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 2.92 by 12 Wall Street Analysts. 3 analysts have added the shares in their list of strong buys. 6 broker firms have advised hold. 2 market experts have rated it as strong sell. A sell call was initiated by 1 analysts.

ONEOK, Inc. (NYSE:OKE): The mean short term price target for ONEOK, Inc. (NYSE:OKE) has been established at $37.56 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 $7.57

ONEOK Inc. has lost 10.94% in the last five trading days and dropped 30.22% in the last 4 weeks. ONEOK Inc. has dropped 43.4% during the last 3-month period . Year-to-Date the stock performance stands at -57.65%.

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.