ONEOK, Inc. with ticker code (OKE) now have 18 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 82 and 61 with the average target price sitting at $72.44. Now with the previous closing price of $66.25 this indicates there is a potential upside of 9.3%. The 50 day MA is $65.55 and the 200 moving average now moves to $62.46. The total market capitalization for the company now stands at $29,876m. Visit the company website at: https://www.oneok.com/
The potential market cap would be $32,667m based on the market consensus.
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also provides midstream services to producers of NGLs. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; NGL distribution pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana; and transports refined petroleum products, including unleaded gasoline and diesel from Kansas to Iowa, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space and rail cars. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
The company has a dividend yield of 5.77% with the ex dividend date set at 27-1-2023 (DMY).
Other points of data to note are a P/E ratio of 17.39, revenue per share of 50.03 and a 7.06% return on assets.
