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Oneok (OKE) Receives a Buy from Wells Fargo


Wells Fargo analyst Michael Blum maintained a Buy rating on Oneok (NYSE: OKE) today and set a price target of $75. The company’s shares closed yesterday at $65.11.

According to TipRanks.com, Blum is a 4-star analyst with an average return of 12.9% and a 60.9% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Spectra Energy Partners, Energy Transfer Eq, and Kinder Morgan.

Oneok has an analyst consensus of Moderate Buy, with a price target consensus of $74.

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Oneok’s market cap is currently $26.77B and has a P/E ratio of 34.09. The company has a Price to Book ratio of 4.02.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OKE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ONEOK, Inc. engages in gathering, processing, fractionating, transporting, storing, and marketing of natural gas. It operates through the following business segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment offers midstream services to contracted producers.