ONEOK, Inc. (NYSE:OKE) has been upgraded to Hold in a statement by Deutsche Bank AG earlier today.
- Updated: October 10, 2016
Boasting a price of $49.36, ONEOK, Inc. (NYSE:OKE) traded 2.33% higher on the day. With the last stock price close up 17.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. ONEOK, Inc. has recorded a 50-day average of $48.60 and a two hundred day average of $43.00. Volume of trade was down over the average, with 569,664 shares of OKE changing hands under the typical 2,105,760
Deutsche Bank AG has upgraded ONEOK, Inc. (NYSE:OKE) to Hold in a statement released on Monday October 10, 2016.
On 10/04/2016, Morgan Stanley released a statement for ONEOK, Inc. (NYSE:OKE) bumped up the target price from $48.00 to $50.00 that suggested a downside of -0.02%.
With a total market value of $0, ONEOK, Inc. has price-earnings ratio of 38.41 with a one year low of $18.84 and a one year high of $51.72 .
A total of 15 equity analysts have released a research note on OKE. Three equity analysts rating the company a strong buy, two equity analysts rating the company a buy, nine equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $36.27.
Brief Synopsis About 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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