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Argus upgraded ONEOK, Inc. (NYSE:OKE) to Buy in a report released today.

Argus has upgraded ONEOK, Inc. (NYSE:OKE) to Buy in a report released on 06/21/2017.

Previously on 6/14/2017, UBS Securities released a statement about ONEOK, Inc. (NYSE:OKE) increased the target price from $56.00 to $59.00. At the time, this indicated a possible upside of 0.19%.

Boasting a price of $47.50, ONEOK, Inc. (NYSE:OKE) traded -1.20% lower on the day. The last stock close price is down 6.20% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. The company has recorded a 50-day moving average of $54.00 and a 200-day moving average of $52.92. Trading volume was up over the average, with 13,014,886 shares of OKE changing hands over the typical 4,857,600

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ONEOK, Inc. has a 52 week low of $45.41 and a 52 week high of $59.47 with a P/E ratio of 35.21 The company’s market cap is currently $0.

In addition to Argus reporting its target price, a total of 15 firms have issued a report on the stock. The consensus target price is $36.27 with 3 firms rating the stock a strong buy, 2 firms rating the stock a buy, 9 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About ONEOK, Inc. (NYSE:OKE)

ONEOK, Inc. is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company's operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions. The Company operates through three business segments. The Natural Gas Gathering and Processing segment provides midstream services to contracted producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products primarily in the Mid-Continental, Permian Basin and the Rocky Mountain regions. The Natural Gas Pipelines segment provides transportation and storage services to end users.

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