29 Aug

ONEOK and Targa Resources: Analysts’ Recommendations

WRITTEN BY Rekha Khandelwal, CFA

Recommendations for ONEOK

Of the analysts covering ONEOK (OKE), 47% recommend a “buy,” while 53% recommend a “hold.” The median target price for ONEOK is $73, which implies an upside potential of 8% from its current price of $67.32. On August 17, Morgan Stanley raised its target price for ONEOK from $62 to $65. On August 1, UBS had raised its target price for ONEOK from $75 to $77.

ONEOK and Targa Resources: Analysts’ Recommendations

Recommendations for Targa Resources

On August 17, SunTrust Robinson raised its target price for Targa Resources (TRGP) from $53 to $56. Morgan Stanley raised Targa Resources’ target price from $51 to $55. Earlier in the month, Raymond James raised Targa Resources’ target price from $56 to $58. Stifel raised the target price from $53 to $57, while RBC raised the target price from $60 to $62.

Of the analysts covering Targa Resources, 52% recommend a “hold,” while 48% recommend a “buy.” The median target price for Targa Resources is $56, which implies ~1.0% upside from its current price of $55.47.

All of the analysts covering Enterprise Products Partners (EPD) rate it as a “buy.” Meanwhile, ~71% of the analysts rate Kinder Morgan (KMI) as a “buy.” To learn more, read Enterprise Products Partners and MPLX: Analysts’ Ratings.

Latest articles

The total refiners capacity in the US is around 18.8 million barrels per calendar day. The refinery utilization rate in 2018 was 93%.

Today's Snap earnings (SNAP) are a textbook example of how irrational, or at least unpredictable, market reactions can be.

On October 15, Aphria reported its Q1 earnings. Although Aphria's revenue came in lower than expected, its EBITDA and EPS beat analysts’ expectations.

Back-to-back dismal quarterly performance and a downbeat outlook have kept analysts increasingly cautious about FedEx's (FDX) growth prospects.

Texas Instruments (TXN) reported disappointing Q3 earnings and guidance. Its revenue fell 11.5% YoY to $3.77 billion, missing the estimate by 1.3%.

On October 22, Sprint announced that its True Mobile 5G service covers 16 million people in nine cities. That day, Sprint fell 1.1% and closed at $6.35.