
ONEOK Inc (OKE) Stock Forecast & Price Target
ONEOK Inc (OKE) Analyst Ratings
Bulls say
ONEOK is a strong company with a well-diversified portfolio of midstream services. Its focus on natural gas and natural gas liquids in the midcontinent, Permian, and Rocky Mountain regions, as well as its growing exposure to the Permian gas egress, position it for success in the current energy landscape. The company's expanded scale through recent acquisitions, growing fee-based business, and strong infrastructure network make it an attractive investment opportunity in the midstream sector.
Bears say
ONEOK is facing challenges on multiple fronts, including declining legacy business and overpaying for the recent acquisition of Brazos, which adds scale but at a high price. Furthermore, their higher exposure to the Bakken and MidCon basins may put them at a disadvantage compared to peers in the Permian region. This, combined with their current high valuation and potential for downside risk in the event of a firm resolution to the Iranian conflict, makes us have a negative outlook on ONEOK's stock.
This aggregate rating is based on analysts' research of ONEOK Inc and is not a guaranteed prediction by Public.com or investment advice.
ONEOK Inc (OKE) Analyst Forecast & Price Prediction
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