Bank of America Securities analyst Jean Ann Salisbury has maintained their bullish stance on OKE stock, giving a Buy rating yesterday.
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Jean Ann Salisbury’s rating is based on several key considerations. Oneok’s second-quarter EBITDA aligned with market expectations, and the company maintained its 2025 guidance, indicating stability in its financial outlook. Additionally, there was a notable increase in NGL volumes across various regions, which suggests operational strength and potential for future growth.
Despite a reduction in 2026 guidance, the potential for re-rating exists if certain conditions are met, such as improvements in the Bakken GOR and successful contracts for the LPG terminal. The stock is perceived as undervalued, with a price objective significantly higher than the current trading price, which supports the Buy rating.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $91.00 price target.
OKE’s price has also changed moderately for the past six months – from $97.910 to $75.700, which is a -22.68% drop .