Goldman Sachs Remains a Hold on Oneok (OKE)
In a report released yesterday, John Mackay from Goldman Sachs maintained a Hold rating on Oneok, with a price target of $88.00. The company’s shares closed yesterday at $88.43.
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According to TipRanks, Mackay is a 5-star analyst with an average return of 21.4% and a 67.76% success rate. Mackay covers the Energy sector, focusing on stocks such as LandBridge Company LLC Class A, Venture Global, Inc. Class A, and Enterprise Products Partners.
In addition to Goldman Sachs, Oneok also received a Hold from J.P. Morgan’s Jeremy Tonet in a report issued on May 8. However, yesterday, Morgan Stanley maintained a Buy rating on Oneok (NYSE: OKE).
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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