ONEOK – Consensus indicates downside potential of -11.8%


ONEOK with ticker code (OKE) now have 20 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The target price varies between 68 and 46 by calculating the average target price that we see 56.45. With the stock’s previous close at 64.01, that would imply a potential drop of -11.8%. The 50 day moving average is 61.93 and the 200 moving average now drops to 54.54. The company’s market capitalization is $ 28,314 million. Visit the company’s website at: http://www.oneok.com

ONEOK, together with its subsidiaries, is responsible for the collection, processing, storage and transportation of natural gas in the United States. It operates through the segments of natural gas collection and processing, natural gas liquids and natural gas pipelines. The company has natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also collects, processes, fractionates and transports natural gas liquids (NGLs), as well as stores, markets and distributes NGL products. The Company has NGL collection and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming and Colorado; terminals and storage facilities in Kansas, Missouri, Nebraska, Iowa and Illinois; and NGL and refined petroleum product distribution pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois and Indiana, as well as owns and operates truck and rail loading and unloading facilities connected to fractionation, storage assets and the LGN pipeline. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. In addition, the company owns and operates a parking lot in downtown Tulsa, Oklahoma; and rents excess office space. It operates 18,900 miles of natural gas gathering pipelines; 1,500 miles of interstate gas pipelines regulated by FERC; 5,100 miles of state-regulated intrastate transportation pipeline; and 6 NGL storage facilities. It serves integrated and independent exploration and production companies; NGL and natural gas collection and processing companies; crude oil and natural gas companies; propane dispensers; municipalities; ethanol producers; and NGL petrochemical, refining and marketing companies, as well as natural gas distribution companies, power generation facilities, industrial companies, producers, processors and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.

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