
ONEOK (OKE) Stock Forecast & Price Target
ONEOK (OKE) Analyst Ratings
Bulls say
ONEOK is a well-diversified midstream service provider with a strong presence in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation. Its diverse operational regions, including the Midcontinent, Permian, and Rocky Mountain regions, provide a wide range of growth opportunities for the company. Despite a slight reduction in its price target, ONEOK's stock has outperformed its peers, with a YTD increase of 21% due to its strong hedging profile and the general uptick in the midstream sector. However, its financial outlook may change depending on commodity pricing and geopolitical factors.
Bears say
ONEOK is facing several challenges, including overvaluation compared to peers and potential downside risks due to the current Iranian conflict. With its focus on natural gas, mainly in the Bakken and Midcontinent regions, ONEOK may have a weaker growth outlook relative to its peers, making it less attractive in the market. Additionally, the company's multiple for its liquids operations is lower compared to its gas pipelines, limiting potential for growth and higher valuation. Additionally, key executives have a primarily energy and utilities background, rather than specifically within the midstream industry, potentially impacting strategic decision-making.
This aggregate rating is based on analysts' research of ONEOK and is not a guaranteed prediction by Public.com or investment advice.
ONEOK (OKE) Analyst Forecast & Price Prediction
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