ONEOK Upgraded by Argus (OKE) - InvestingChannel

ONEOK Upgraded by Argus (OKE)

Shares of ONEOK opened at 44.91 on Monday. ONEOK has a one year low of $39.32 and a one year high of $49.79. The stock?s 50-day moving average is currently $43.94. The company has a market cap of $9.189 billion and a P/E ratio of 26.03.

ONEOK last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.31 earnings per share for the quarter, missing the analysts? consensus estimate of $0.32 by $0.01. Analysts expect that ONEOK will post $1.66 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a ?neutral? rating on shares of ONEOK in a research note to investors on Friday, December 21st. They now have a $46.00 price target on the stock. Analysts at UBS AG cut their price target on shares of ONEOK from $55.00 to $52.00 in a research note to investors on Wednesday, November 28th. They now have a ?buy? rating on the stock.

Eight research analysts have rated the stock with a buy rating, and three have given a hold rating to the stock. The company presently has an average rating of ?overweight? and an average target price of $52.89.

ONEOK, Inc. is a diversified energy company. The Company is a natural gas distributor in Oklahoma, Kansas and Texas, providing service as a regulated public utility to wholesale and retail customers.