Breaking Finance News

Morgan Stanley announced Oneok Inc. (NYSE:OKE), bumping up its stock price target to $50.00 today

Just yesterday Oneok Inc. (NYSE:OKE) traded -0.54% lower at $51.11. Oneok Inc.’s 50-day moving average is $48.41 and its 200-day moving average is $42.62. The last closing price is up 19.92% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,496,774 shares of OKE traded hands, down from an average trading volume of 2,170,220

In a report released on 10/04/2016 Morgan Stanley increased the stock price target of Oneok Inc. (NYSE:OKE) from $48.00 to $50.00 reporting a possible downside of -0.02%.

Previously on 8/16/2016, RBC Capital Markets reported on Oneok Inc. (NYSE:OKE) increased the target price from $39.00 to $46.00. At the time, this indicated a possible downside of -0.03%.

Recent Performance Chart

Oneok Inc. (NYSE:OKE)

Oneok Inc. has 52 week low of $18.84 and a 52 week high of $51.72 with a PE ratio of 38.87 and has a market capitalization of $0.

In addition to Morgan Stanley reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $36.27 with 3 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 9 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Oneok Inc. (NYSE:OKE)

ONEOK, Inc. 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 Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides non-discretionary services to producers that include gathering and processing of natural gas produced from crude oil and natural gas 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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