Entering text into the input field will update the search result below

ONEOK upgraded at Barclays

May 09, 2016 2:58 PM ETONEOK, Inc. (OKE) StockOKEBy: Carl Surran, SA News Editor5 Comments
  • ONEOK (OKE -1.5%) is lower but by less than many of its peers after Barclays upgrades shares to Overweight from Equal Weight with a $49 price target, raised from $27, at Barclays, which says it has a line of sight into the company's growth because of its valuable asset footprint.
  • The company has said it has $200M of extra earnings potential from reduced ethane rejection on its natural gas liquids segment that it can generate with minimal capital spending.
  • The firm sees opportunity for OKE in the form of higher realizations for the ethane in the Mid-Continent where contracts are still primarily POP, volume growth in the Mid-Continent that will kick up due to rising prices for natural gas and natural gas liquids, the potential to raise bundled rates as capacity on the system gets tight, and the ability for low-cost expansions.
  • Also: OKS -2.1%.
  • Now read ONEOK Partners upgraded at Credit Suisse

Recommended For You

About OKE Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
OKE--
ONEOK, Inc.