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Wells Fargo Keeps Their Buy Rating on Oneok (OKE)

Tipranks - Tipranks - Fri May 1, 6:20AM CDT

In a report released today, Michael Blum from Wells Fargo maintained a Buy rating on Oneok, with a price target of $98.01.

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Blum covers the Energy sector, focusing on stocks such as Enterprise Products Partners, Oneok, and Archrock. According to TipRanks, Blum has an average return of 15.8% and a 71.02% success rate on recommended stocks.

In addition to Wells Fargo, Oneok also received a Buy from Jefferies’s Julien Dumoulin Smith in a report issued today. However, on the same day, Barclays maintained a Hold rating on Oneok (NYSE: OKE).

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Based on Oneok’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.62 billion and a net profit of $774 million. In comparison, last year the company earned a revenue of $8.04 billion and had a net profit of $636 million

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