The Analyst Verdict: ONEOK In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
In the latest quarter, 4 analysts provided mixed ratings for ONEOK (NYSE:OKE), with 1 bullish, 1 somewhat bullish, and 2 indifferent. The 12-month price targets show an average of $78.75, up 9.0% from the previous $72.25. All four analysts raised their price targets, with the highest at $85.00 and the lowest at $71.00. ONEOK's financials indicate challenges with a revenue decline of -29.17%, below-average net margin and ROE, and a debt-to-equity ratio of 1.35.
January 31, 2024 | 8:00 pm
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POSITIVE IMPACT
Analysts have mixed views on ONEOK, but price targets have been raised, indicating a positive outlook. Financial challenges persist with revenue decline and below-average profitability metrics.
The unanimous raising of price targets by analysts suggests a positive sentiment, which could lead to a short-term increase in stock price. However, the financial challenges highlighted may temper investor enthusiasm, making the overall impact moderately positive.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100