OKE Price Prediction Next Week
Prediction and Recommendation for OKE Stock
Based on the analysis of news sentiment, technical indicators, and recent financial data, here is the prediction for ONEOK (OKE) stock for the next trading week:
News Sentiment and Analyst Ratings:
- Barclays lowered the price target from $105 to $101 while maintaining an Equal Weight rating.
- Scotiabank maintained a Sector Outperform rating but lowered the price target to $102.
- Citi resumed coverage with a Buy rating, highlighting strong operational performance.
- Jim Cramer praised ONEOK as the best-run pipeline company and recommended owning it.
Technical Indicators:
- RSI (14): 30.67 (oversold territory, indicating potential rebound).
- MACD: -2.34 (bearish signal line crossover).
- Stochastic Oscillator: 12.65 (K) and 17.00 (D), suggesting a bullish crossover is forming.
- Fibonacci Levels: Pivot at 94.56, with resistance at 99.95 and support at 89.16.
- Bollinger Bands: Price is near the lower band, indicating potential undervaluation.
Price Prediction:
Based on the oversold RSI, bullish divergence in Stochastic Oscillator, and strong support at $89.16, the stock is expected to rebound next week. The target price is $96.50.
Recommendation:
Buy ONEOK (OKE) stock as the technical indicators and positive news sentiment suggest a rebound.
OKE Similar Chart Price Prediction
The price of OKE is predicted to go up 0.18%, based on the high correlation periods with FNLC. The similarity of these two price pattern on the periods is 95.27%.
OKE
FNLC
Up: 0.18%Similarity: 95.27%
OKE Revenue Forecast
OKE EPS Forecast
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OKE VS S&P500
Oneok's NGL gathering system is connected to 90% of the processing plants in the midcontinent.
Oneok has a well-integrated network of pipelines in the midcontinent and Texas, providing it with additional opportunities to invest but also take advantage of wider differentials.
The firm is well positioned to serve as an exporter of gas to Mexico via its Roadrunner pipeline.
OKE Analyst's Forecast
Theresa Chen
Barclays
Hold
2025-03-07
Price Target
$105 → $101
Upside
+12.76%
Barclays analyst Theresa Chen lowered the firm's price target on Oneok to $101 from $105 and keeps an Equal Weight rating on the shares after meeting with management.
Brandon Bingham
Scotiabank
Buy
2025-03-06
Price Target
$109 → $102
Upside
+13.66%
Michael Blum
Wells Fargo
Hold
2025-02-26
Price Target
$107 → $102
Upside
+6.52%
