November 28, 2016 - By Louis Casey · 0 Comments
Oneok Inc (NYSE:OKE) institutional sentiment decreased to 1.2 in 2016 Q2. Its down -0.01, from 1.21 in 2016Q1. The ratio worsened, as 229 institutional investors increased or started new positions, while 189 sold and reduced their positions in Oneok Inc. The institutional investors in our partner’s database now possess: 149.28 million shares, down from 156.65 million shares in 2016Q1. Also, the number of institutional investors holding Oneok Inc in their top 10 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 earnings per share, up 4.44% or $0.02 from last year’s $0.45 per share. OKE’s profit will be $98.55M for 28.59 P/E if the $0.47 EPS becomes a reality. After $0.44 actual earnings per share 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 firm has “Outperform” rating given on Tuesday, August 11 by Oppenheimer. The firm earned “Outperform” rating on Thursday, December 31 by Credit Suisse. The rating was upgraded by Deutsche Bank to “Hold” on Monday, October 10. The rating was initiated by Credit Suisse with “Neutral” on Monday, September 14. Argus Research upgraded it to “Buy” rating and $27 target price in Monday, January 11 report. As per Thursday, February 25, the company rating was maintained by Credit Suisse. Oppenheimer downgraded the shares of OKE in a report on Friday, January 22 to “Perform” rating. The rating was upgraded by Morgan Stanley on Wednesday, January 20 to “Overweight”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, October 4. The company was upgraded on Monday, May 9 by Barclays Capital.
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 Louis Casey