ONEOK: Pullback Presents An Opportunity On Increasing NG Demand
Portfolio Pulse from
ONEOK's recent 20% share price pullback presents a buying opportunity due to its strong acquisition strategy, vast pipeline network, and robust EBITDA growth. The company is well-positioned to capitalize on increasing NGL demand and electricity generation needs, with a 12-month price target of $117/share.
February 17, 2025 | 12:45 pm
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POSITIVE IMPACT
ONEOK's shares have pulled back by 20%, presenting a buying opportunity. The company's acquisition strategy and pipeline network ensure stable cash flows and growth potential. A 12-month price target of $117/share is set, supported by robust EBITDA growth and strategic expansions.
The article highlights ONEOK's strategic position in the market with its acquisition strategy and pipeline network, which are crucial for stable cash flows and growth. The 20% pullback in share price is seen as an opportunity, with a price target of $117/share, indicating potential upside. The company's ability to capitalize on increasing NGL demand and electricity generation needs further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100