Can ONEOK, Inc. (OKE)’s Tomorrow be Different? The Stock Just Broke Its High

January 23, 2018 - By Marguerite Chambers

Investors sentiment increased to 2.82 in 2017 Q3. Its up 1.47, from 1.35 in 2017Q2. It improved, as 52 investors sold ONEOK, Inc. shares while 103 reduced holdings. 164 funds opened positions while 273 raised stakes. 264.73 million shares or 40.11% more from 188.94 million shares in 2017Q2 were reported.
Schroder Invest Group has invested 0% of its portfolio in ONEOK, Inc. (NYSE:OKE). Welch Gru Ltd Limited Liability Company has invested 0.05% in ONEOK, Inc. (NYSE:OKE). Baldwin Invest Mgmt Llc holds 0.51% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 24,402 shares. North Star Investment Corp invested 0.06% in ONEOK, Inc. (NYSE:OKE). Macquarie Gru Ltd has invested 0.01% in ONEOK, Inc. (NYSE:OKE). 24,245 are held by Ngam L P. 87,346 are owned by Paloma Prtnrs Mgmt. Horan Advisors Lc accumulated 50 shares. Moreover, Dearborn Partners Limited Liability Corporation has 1.66% invested in ONEOK, Inc. (NYSE:OKE). Starr International holds 0.74% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 145,977 shares. Aviva Public Lc stated it has 226,911 shares or 0.07% of all its holdings. Old Mutual Customised Solutions (Proprietary) Limited invested in 0.12% or 15,300 shares. Ballentine Prtn Limited Liability Corporation invested 0.08% in ONEOK, Inc. (NYSE:OKE). Mercer Capital Advisers has 0.08% invested in ONEOK, Inc. (NYSE:OKE). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.03% or 64,168 shares in its portfolio.

The stock of ONEOK, Inc. (NYSE:OKE) hit a new 52-week high and has $63.22 target or 5.00 % above today’s $60.21 share price. The 9 months bullish chart indicates low risk for the $23.09 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $63.22 price target is reached, the company will be worth $1.15B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.55% or $0.33 during the last trading session, reaching $60.21. About 1.57M shares traded. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since January 23, 2017 and is uptrending. It has outperformed by 7.11% the S&P500.

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on February, 26. They expect $0.52 earnings per share, up 20.93 % or $0.09 from last year’s $0.43 per share. OKE’s profit will be $199.39 million for 28.95 P/E if the $0.52 EPS becomes a reality. After $0.43 actual earnings per share reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 20.93 % EPS growth.

ONEOK, Inc. (NYSE:OKE) Ratings Coverage

Among 19 analysts covering ONEOK (NYSE:OKE), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. ONEOK had 65 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Sunday, October 1. The firm has “Equal Weight” rating given on Wednesday, December 16 by Barclays Capital. The firm has “Hold” rating given on Monday, June 19 by RBC Capital Markets. The firm has “Hold” rating by Jefferies given on Monday, April 3. BMO Capital Markets maintained the shares of OKE in report on Monday, September 25 with “Buy” rating. On Thursday, January 4 the stock rating was upgraded by U.S. Capital Advisors to “Buy”. The stock of ONEOK, Inc. (NYSE:OKE) earned “Hold” rating by Argus Research on Friday, June 17. As per Tuesday, September 15, the company rating was upgraded by Citigroup. The stock has “Neutral” rating by Credit Suisse on Monday, September 14. On Thursday, August 3 the stock rating was maintained by Credit Suisse with “Outperform”.

More notable recent ONEOK, Inc. (NYSE:OKE) news were published by: Usnews.com which released: “ONEOK Inc. Plans to Build $1.4 Billion Natural Gas Pipeline” on January 05, 2018, also Fool.com with their article: “ONEOK, Inc. Dramatically Increases the Odds of Achieving Its Ambitious …” published on January 05, 2018, Prnewswire.com published: “ONEOK Announces 2018 Financial Guidance” on January 22, 2018. More interesting news about ONEOK, Inc. (NYSE:OKE) were released by: Streetinsider.com and their article: “Barclays Upgrades ONEOK Inc (OKE) to Overweight” published on January 17, 2018 as well as Streetinsider.com‘s news article titled: “UPDATE: RBC Capital Upgrades ONEOK Inc (OKE) to Outperform” with publication date: January 16, 2018.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company has market cap of $23.09 billion. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines divisions. It has a 37.08 P/E ratio. It owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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