OKE Stock Sees Price Fluctuations Amid Analyst Target Hikes
ONEOK, Inc. (OKE) is a large-cap company with a market capitalization of $59.71 billion, primarily engaged in gathering, processing, fractionating, transporting, storing, and marketing natural gas.
The company's stock price has been fluctuating, trading near the top of its 52-week range and above its 200-day simple moving average. In recent after-hours trading, OKE shares rose $0.01 from their closing price of $92.70.
According to various analyst reports, OKE is poised for growth, with several firms raising their price targets in the past few weeks. These include TD Cowen, which increased its target to $93, and Morgan Stanley, which raised its target to $112.
However, not all analysts are optimistic about OKE's prospects. Goldman Sachs recently maintained a 'Hold' rating on the stock, citing balanced risk-reward with a price target of $105 amid Permian-driven growth expectations.