
ONEOK (OKE) Stock Forecast & Price Target
ONEOK (OKE) Analyst Ratings
Bulls say
The positive outlook on ONEOK's stock is supported by its strategic acquisitions, including the recent $4.3 billion deal for EnLink, which enhances the company's gathering and processing capacity while creating synergies that contribute to improved operational efficiency. ONEOK is projected to achieve considerable growth in EBITDA and free cash flow through 2025, with expectations of increased accretion driven by its integrated Permian Basin platform and the ongoing success of organic growth initiatives. Furthermore, ONEOK's strong positioning as a pure play on NGL infrastructure provides investors with attractive exposure to a comprehensive NGL value chain, bolstered by competitive free cash flow yields relative to peers.
Bears say
The analysis of ONEOK's stock reveals several fundamental concerns contributing to a negative outlook. First, the company's exposure to volumetric risk linked to macroeconomic conditions could impair the flow of volumes through its infrastructure systems, particularly in areas lacking minimum volume commitments, which raises concerns about revenue stability. Additionally, the risk of suppressed commodity prices directly threatens ONEOK's earnings, as its gathering and processing contracts involve Percentage of Proceeds structures that could diminish profitability in adverse market conditions, compounded by the financial pressures associated with a large multi-billion dollar project backlog and potential funding challenges for growth initiatives.
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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