Morgan Stanley (NYSE:MS) analyst Robert Kad maintained a Hold rating on Oneok Inc on Thursday, setting a price target of $59, which is approximately 10.36% above the present share price of $53.46.
Kad expects Oneok Inc to post earnings per share (EPS) of $0.77 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Oneok, with an average price target of $57.44.
The analysts price targets range from a high of $61 to a low of $53.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.39 billion and a net profit of $610.81 million. The company's market cap is $23.83 billion.
According to TipRanks.com, Morgan Stanley analyst Robert Kad is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.3% and a 27.78% success rate.
ONEOK (NYSE:OKE), Inc. engages in gathering, processing, fractionating, transporting, storing, and marketing of natural gas. It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment offers midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins, where it provides midstream services to producers of NGLs and deliver those products to the two primary market centers, one in the Mid-Continent in Conway, Kansas, and the other in the Gulf Coast in Mont Belvieu, Texas. The Natural Gas Pipelines segment provides transportation and storage services to end users. The company was founded in 1906 and is headquartered in Tulsa, OK.