Forecasting The Future: 5 Analyst Projections For ONEOK
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for ONEOK (NYSE:OKE), with a mix of bullish and bearish perspectives. The average 12-month price target is now $75.8, up from $72.25, with a high estimate of $83.00 and a low of $68.00. ONEOK's financial performance shows a decline in revenue growth, below-average net margin and ROE, and a sound debt-to-equity ratio. The company operates in natural gas gathering, processing, storage, and transportation.
January 10, 2024 | 12:00 pm
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Analysts have raised their 12-month price targets for ONEOK, indicating a positive outlook on the stock. Despite a revenue decline and below-average profitability metrics, the company's sound debt management is noted.
The increase in the average price target suggests analysts see potential in ONEOK's stock, which could lead to a short-term positive impact on its price. However, the reported decline in revenue and below-average profitability may temper gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100