Daqo New Energy (DQ) Reaches $21.40 Formed H&S, 4 Bullish Analysts Covering ONEOK, Inc. (OKE)

July 17, 2017 - By Kurt Siggers

Among 15 analysts covering ONEOK (NYSE:OKE), 4 have Buy rating, 0 Sell and 11 Hold. Therefore 27% are positive. ONEOK had 41 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Wednesday, July 5 by Morgan Stanley. The firm has “Outperform” rating given on Wednesday, December 23 by Oppenheimer. RBC Capital Markets maintained ONEOK, Inc. (NYSE:OKE) on Monday, June 19 with “Hold” rating. The stock has “Underperform” rating by Jefferies on Thursday, January 12. The rating was upgraded by Barclays Capital on Monday, May 9 to “Overweight”. Credit Suisse upgraded ONEOK, Inc. (NYSE:OKE) on Thursday, February 2 to “Outperform” rating. The rating was maintained by Credit Suisse on Thursday, February 25 with “Neutral”. Citigroup upgraded the shares of OKE in report on Tuesday, September 15 to “Buy” rating. Oppenheimer downgraded the stock to “Perform” rating in Friday, January 22 report. The company was maintained on Tuesday, August 11 by Oppenheimer. See ONEOK, Inc. (NYSE:OKE) latest ratings:

19/06/2017 Broker: RBC Capital Markets Rating: Hold New Target: $58.0000 Maintain
16/06/2017 Broker: Jefferies Rating: Hold New Target: $51.0000 Maintain
05/07/2017 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Downgrade
05/07/2017 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform Upgrade
26/06/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $48 Initiates Coverage On
21/06/2017 Broker: Argus Research Old Rating: Hold New Rating: Buy Upgrade
14/06/2017 Broker: UBS Old Rating: Neutral New Rating: Buy Old Target: $56.00 New Target: $59.00 Upgrade
15/05/2017 Broker: RBC Capital Markets Rating: Hold New Target: $58.00 Maintain
03/04/2017 Broker: Jefferies Rating: Hold New Target: $51.00 Maintain
23/02/2017 Broker: Jefferies Old Rating: Underperform New Rating: Hold Upgrade

Daqo New Energy Corp (DQ) formed H&S with $20.76 target or 3.00% below today’s $21.40 share price. Daqo New Energy Corp (DQ) has $234.86M valuation. The stock increased 4.34% or $0.89 on July 14, reaching $21.4. About shares traded. Daqo New Energy Corp (NYSE:DQ) has declined 5.57% since July 17, 2016 and is downtrending. It has underperformed by 22.27% the S&P500.

Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.01, from 1.2 in 2016Q3. It improved, as 37 investors sold ONEOK, Inc. shares while 165 reduced holdings. 68 funds opened positions while 176 raised stakes. 153.12 million shares or 3.46% more from 148.00 million shares in 2016Q3 were reported. Sumitomo Mitsui Tru Inc invested in 0.06% or 611,646 shares. State Of New Jersey Common Pension Fund D holds 0.31% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 1.26M shares. 15,792 were accumulated by Dnb Asset Mngmt As. Loomis Sayles & Lp has 0% invested in ONEOK, Inc. (NYSE:OKE). Meiji Yasuda Life Insurance Com invested in 0.05% or 5,320 shares. Avalon Advisors Limited Liability Corp reported 0.02% in ONEOK, Inc. (NYSE:OKE). Parallax Volatility Advisers Limited Partnership invested in 1,158 shares. Fifth Third Bankshares accumulated 316 shares. Lpl Fincl Ltd Limited Liability Company has invested 0.02% in ONEOK, Inc. (NYSE:OKE). Nuveen Asset Limited Liability Corporation has 456,546 shares for 0.13% of their portfolio. Proshare Advisors Limited Liability Company reported 0.04% of its portfolio in ONEOK, Inc. (NYSE:OKE). 300 were accumulated by Endurance Wealth Mngmt. Nelson Van Denburg Campbell Wealth Mgmt Group Inc Limited Company reported 0.39% of its portfolio in ONEOK, Inc. (NYSE:OKE). Pub Employees Retirement Association Of Colorado has invested 0.02% of its portfolio in ONEOK, Inc. (NYSE:OKE). Chevy Chase holds 0.06% in ONEOK, Inc. (NYSE:OKE) or 182,515 shares.

The stock increased 1.33% or $0.7 on July 14, reaching $53.16. About shares traded. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since July 17, 2016 and is uptrending. It has outperformed by 7.11% the S&P500.

ONEOK, Inc. is an energy midstream service well-known provider in the United States. The company has market cap of $20.46 billion. The Firm owns and operates natural gas liquids systems, and is engaged in the gathering, processing, storage and transportation of natural gas. It has a 31.7 P/E ratio. THe Company’s activities include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Analysts await Daqo New Energy Corp (NYSE:DQ) to report earnings on August, 8. They expect $1.38 earnings per share, down 32.35% or $0.66 from last year’s $2.04 per share. DQ’s profit will be $15.15 million for 3.88 P/E if the $1.38 EPS becomes a reality. After $2.23 actual earnings per share reported by Daqo New Energy Corp for the previous quarter, Wall Street now forecasts -38.12% negative EPS growth.

Among 3 analysts covering Daqo New Energy (NYSE:DQ), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Daqo New Energy had 6 analyst reports since August 12, 2015 according to SRatingsIntel. Roth Capital maintained it with “Buy” rating and $3500 target in Monday, June 26 report. The company was initiated on Friday, December 18 by Northland Capital. Roth Capital maintained the shares of DQ in report on Friday, May 26 with “Buy” rating. Roth Capital maintained the stock with “Buy” rating in Monday, June 5 report. The company was downgraded on Tuesday, November 10 by Morgan Stanley.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.