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Scotiabank Sticks to Its Buy Rating for Oneok (OKE)

Tipranks - Tipranks - Thu Apr 30, 7:40AM CDT

In a report released today, Brandon Bingham from Scotiabank maintained a Buy rating on Oneok, with a price target of $92.00.

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According to TipRanks, Bingham is a 5-star analyst with an average return of 19.7% and a 90.77% success rate. Bingham covers the Energy sector, focusing on stocks such as Williams Co, Targa Resources, and Kinder Morgan.

In addition to Scotiabank, Oneok also received a Buy from Stifel Nicolaus’s Selman Akyol in a report issued today. However, on the same day, Truist Financial maintained a Hold rating on Oneok (NYSE: OKE).

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Based on Oneok’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.07 billion and a net profit of $979 million. In comparison, last year the company earned a revenue of $7 billion and had a net profit of $923 million

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