ONEOK Inc (OKE) Stock AnalysisOKEONEOK Inc

ONEOK, Inc. is a midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Its segments include Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines, and Refined Products and Crude. The Natural Gas Gathering and Processing segment provides midstream services to producers in the Rocky Mountain region, the Mid-Continent region, and the Permian Basin region. The Natural Gas Liquids segment gathers, treats, fractionates and transports natural gas liquids (NGLs) and stores, markets and distributes Purity NGLs. It provides midstream services to producers of NGLs in the Rocky Mountain region, Mid-Continent region, Permian Basin and Gulf Coast region and delivers those products to the market. The Natural Gas Pipelines segment transports, stores and markets natural gas. The Refined Products and Crude segment gather, transport, stores, distributes, blends and markets Refined Products and crude oil. It operates in the Energy sector (NATURAL GAS TRANSMISSION & DISTRIBUTION industry).

ONEOK Inc is currently priced at $89.80, which is close to the average analyst price target of $100. The stock has a forward P/E ratio of 14.49, indicating it is reasonably valued compared to its earnings potential. However, the RSI of 54.96 suggests that it is neither overbought nor oversold, indicating a neutral momentum. The main risk is the recent downgrade from analysts, with Stifel lowering its target from $105 to $100, which may affect investor sentiment in the short term.

16 analysts cover OKE: 4 rate it Buy, 12 Hold and 0 Sell. The average price target is 86.00.