Jim Cramer Calls ONEOK a Buy

ONEOK, Inc. (NYSE:OKE) is one of the stocks Jim Cramer answered questions about. During the lightning round, a caller inquired after Cramer’s thoughts on the stock, and he replied, “ONEOK is a buy right here. Not just because I think Walter Hulse is terrific.”

ONEOK, Inc. (NYSE:OKE) provides midstream energy services, which include handling the gathering, processing, transportation, storage, and export of natural gas, natural gas liquids, refined products, and crude oil. Cramer mentioned the company during the July 28 episode and said:

“Now, if you’re looking for another natural gas-oriented pipeline company with some growth, there’s ONEOK. These guys have a particularly strong presence, bringing natural gas to the Gulf Coast, which is where most of our existing liquified natural gas export infrastructure currently sits. Now, the yield isn’t quite as strong here. Right now, ONEOK units pay a dividend that yields just over 5%, but with ONEOK currently down over 30% from its highs late last year, this one could potentially have more upside than Energy Transfer.”

While we acknowledge the risk and potential of OKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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