November 28, 2016 - By Pete Kolinski · 0 Comments
Oneok Inc (NYSE:OKE) institutional sentiment decreased to 1.2 in Q2 2016. Its down -0.01, from 1.21 in 2016Q1. The ratio has dropped, as 229 funds increased and started new stock positions, while 189 decreased and sold holdings in Oneok Inc. The funds in our partner’s database now have: 149.28 million shares, down from 156.65 million shares in 2016Q1. Also, the number of funds holding Oneok Inc in their top 10 stock positions increased from 6 to 11 for an increase of 5. Sold All: 39 Reduced: 150 Increased: 138 New Position: 91.
ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. , a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The company has a market cap of $11.27 billion. The Firm operates through three business divisions: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. It has a 39.2 P/E ratio. The Natural Gas Gathering and Processing segment provides non-discretionary services to producers that include gathering and processing of natural gas produced from natural gas and crude oil wells.
The stock decreased 0.37% or $0.2 on November 25, hitting $53.75. ONEOK, Inc. (NYSE:OKE) has risen 51.92% since April 25, 2016 and is uptrending. It has outperformed by 45.91% the S&P500.
Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on February, 27. They expect $0.47 EPS, up 4.44% or $0.02 from last year’s $0.45 per share. OKE’s profit will be $98.55 million for 28.59 P/E if the $0.47 EPS becomes a reality. After $0.44 actual EPS reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 6.82% EPS growth.
According to Zacks Investment Research, “ONEOK, Inc. is engaged in several aspects of the energy business. The company purchases, gathers, compresses, transports, stores, and distributes natural gas. It also leases pipeline capacity to others. The company drills for and produces oil and gas, extracts and sells natural gas liquids, and is engaged in the gas marketing business.”
Salient Capital Advisors Llc holds 5.52% of its portfolio in ONEOK, Inc. for 5.22 million shares. Sasco Capital Inc Ct owns 4.06 million shares or 4.81% of their US portfolio. Moreover, Arlington Capital Management Inc. has 4.24% invested in the company for 152,818 shares. The Texas-based Eagle Global Advisors Llc has invested 3.81% in the stock. Bridgecreek Investment Management Llc, a Oklahoma-based fund reported 202,050 shares.#img1#
Ratings analysis reveals 17% of ONEOK’s analysts are positive. Out of 12 Wall Street analysts rating ONEOK, 2 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $24 while the high is $53. The stock’s average target of $37.56 is -30.12% below today’s ($53.75) share price. OKE was included in 27 notes of analysts from August 11, 2015. The stock of ONEOK, Inc. (NYSE:OKE) has “Sector Perform” rating given on Monday, March 28 by RBC Capital Markets. Citigroup upgraded the shares of OKE in a report on Tuesday, September 15 to “Buy” rating. The firm has “Overweight” rating given on Monday, May 9 by Barclays Capital. Jefferies downgraded the stock to “Hold” rating in Wednesday, June 8 report. The firm earned “Equal Weight” rating on Wednesday, December 16 by Barclays Capital. Citigroup maintained the shares of OKE in a report on Tuesday, April 19 with “Buy” rating. The firm has “Perform” rating by Oppenheimer given on Friday, January 22. The stock of ONEOK, Inc. (NYSE:OKE) earned “Hold” rating by Argus Research on Friday, June 17. The company was upgraded on Thursday, December 31 by Credit Suisse. As per Friday, June 17, the company rating was maintained by Citigroup.
ONEOK, Inc., incorporated on May 16, 1997, 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 Firm operates through three business divisions: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers that include gathering and processing of natural gas produced from natural gas and crude oil 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.
Another recent and important ONEOK, Inc. (NYSE:OKE) news was published by Nasdaq.com which published an article titled: “ONEOK Inc. Earnings Rise 18% In Q3” on November 01, 2016.
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By Pete Kolinski