uploads///analyst recom

More than 70% of the Analysts Rate ONEOK as a ‘Hold’

By

Dec. 4 2020, Updated 10:42 a.m. ET

Analysts’ recommendations

Of the analysts surveyed by Reuters, 71% rated ONEOK (OKE) as a “hold.” Nearly 23% rated ONEOK as a “buy,” while 6% rated it as a “sell.” The consensus target price for ONEOK is $57.50. Currently, ONEOK is trading at $55.06. If ONEOK attains its price target in a year, it would mean 4% upside from its current levels. The high percentage of “hold” recommendations go well with the tiny upside potential that analysts forecast. It likely indicates the absence of any strong catalyst at the moment to move the stock in either direction.

As the above graph shows, analysts have turned more bullish on ONEOK compared to the beginning of 2017.

Article continues below advertisement

Peers’ ratings

Nearly two-thirds of the surveyed analysts rated Kinder Morgan (KMI) as a “buy,” while the remaining one-third rated it as a “hold.” Analysts’ median target price for Kinder Morgan is $25.0 in a year. The target price implies 29% upside from Kinder Morgan’s current price of $19.32.

Nearly 78% of the analysts rated Williams Companies (WMB) as a “buy,” while 22% rated it as a “hold.” Williams Companies’ median target price of $34.30 implies nearly 14% upside potential from its current price of $29.99. To learn more about how Williams Companies compares with MLP general partners, read A Key Analysis of Master Limited Partnership Partners.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.