BofA Reduces PT on ONEOK (OKE) Stock to $100

ONEOK, Inc. (NYSE:OKE) is one of the Most Promising Energy Stocks According to Wall Street Analysts. On September 18, BofA reduced the price target on the company’s stock to $100 from $109, while keeping a “Buy” rating, as reported by The Fly. As per the analyst, the firm has been updating its price targets for Integrated, Refining, and Midstream stocks under its coverage. Elsewhere, ONEOK, Inc. (NYSE:OKE), WhiteWater, MPLX LP, and Enbridge Inc., via the existing Matterhorn JV, announced a new natural gas pipeline to transport growing natural gas production from the Permian Basin to the Gulf Coast region.

Notably, the pipeline’s strategic location provides connectivity to growing natural gas demand markets, supporting to meet the need for higher electricity generation and international demand for LNG exports. ONEOK, Inc. (NYSE:OKE) highlighted that strategic acquisitions continue to deliver tangible benefits as it is making meaningful progress on the acquisition-related synergies and organic growth. In May 2025, ONEOK, Inc. (NYSE:OKE) acquired the remaining 49.9% interest in Delaware G&P LLC., and, in July 2025, it acquired an additional 30% interest in BridgeTex Pipeline Company, LLC, leading to a 60% ownership interest.

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Disclosure: None. This article is originally published at Insider Monkey.