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Boosting Our Oneok Fair Value Estimate to $49 Following Second-Quarter Results

Stephen Ellis Sector Strategist

Analyst Note

| Stephen Ellis |

After updating our model for second-quarter results, we're boosting our fair value estimate to $49 per share. Oneok’s second quarter clearly shows the firm benefiting from a recovery in volumes across its footprint after the COVID-19-driven decline last year as well as numerous new assets placed in service.

Read Full Analysis

Company Profile

Business Description

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

Contact
100 West Fifth Street
Tulsa, OK, 74103
T +1 918 588-7000
Sector Energy
Industry Oil & Gas Midstream
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Hard Assets
Employees 2,886

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