
ONEOK (OKE) Stock Forecast & Price Target
ONEOK (OKE) Analyst Ratings
Bulls say
ONEOK is well positioned for long-term success due to its diverse portfolio in natural gas and liquid services, as well as its strategic presence in key regions such as the midcontinent, Permian, and Rocky Mountain areas. The recent acquisitions of Magellan Midstream Partners and EnLink Midstream, along with the divestiture of gas pipelines to DT Midstream Inc., have expanded ONEOK's reach in the market and diversified its revenue streams. However, the stock's current valuation is high, limiting its potential for growth in the near term. Nonetheless, its strong grip on the path from wellhead to water and its growth agenda make it a compelling long-term investment.
Bears say
ONEOK is a diversified midstream service provider, but its performance has been largely driven by external factors like commodity prices and geopolitical events. Compared to its peers in the same region, ONEOK has a below average EBITDA growth forecast, leading to a disparity in its relative value proposition. Additionally, there are risks related to customer production activity and regulatory changes that could negatively impact the company's financials in the future.
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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