OneOK Inc. Shares Surge 3.02% Amidst Analyst Estimates and GF Value Insights

ONEOK Inc (OKE) shares surged 3.02% to $83.69 on July 18, with an intraday high of $83.91. The stock is now 29.12% below its 52-week high and 10.88% above its 52-week low. Analysts forecast an average target price of $103.61, indicating a 23.81% upside from the current price. The estimated GF Value for OKE in one year is $76.57, suggesting a downside of 8.51%.

Shares of ONEOK Inc. (OKE) surged 3.02% to $83.69 on July 18, reaching an intraday high of $83.91. This performance places the stock 29.12% below its 52-week high of $118.07 and 10.88% above its 52-week low of $75.48. The trading volume was 2,002,993 shares, representing 53.5% of the average daily volume of 3,744,756 shares [1].

Analysts are optimistic about ONEOK Inc.'s future prospects. The average target price for ONEOK Inc. (OKE) stands at $103.61, with a high estimate of $147.00 and a low estimate of $87.00. This average target implies an upside of 23.81% from the current price of $83.69 [1]. The consensus recommendation from 20 brokerage firms is a "2.1" rating, indicating an "Outperform" status. GuruFocus estimates a GF Value for ONEOK Inc. (OKE) in one year at $76.57, suggesting a potential downside of 8.51% from the current price [1].

ONEOK Inc. (OKE) has also announced the continuation of its quarterly dividend at $1.03 per share, providing a forward yield of 5.2%. This dividend is scheduled for payment on August 14 to shareholders recorded by August 1. The company is focusing on growth strategies, particularly in expanding its Natural Gas Liquids (NGL) capacity and leveraging synergy-driven projects [2].

Wall Street analysts project an average price target of $104.38 for ONEOK Inc. (OKE) over the next year, with a high target of $147.00 and a low of $87.00, suggesting a potential upside of 31.84% from the current stock price of $79.17 [2]. The consensus recommendation from 20 brokerage firms places ONEOK Inc. (OKE) at an average rating of 2.1, indicating an "Outperform" status [2].

GuruFocus provides an estimated GF Value for ONEOK Inc. (OKE) at $76.57 for the next year, implying a potential downside of 3.28% from the current market price of $79.17 [2].

References:
[1] https://www.gurufocus.com/news/2988191/oneok-inc-oke-trading-302-higher-on-jul-18
[2] https://www.gurufocus.com/news/2982565/oneok-oke-announces-steady-dividend-amid-strategic-growth-plans