Jim Cramer Discussed The Iran Ceasefire & Commented On These 5 Stocks

2. ONEOK, Inc. (NYSE:OKE)

Number of Hedge Fund Holders: 46

ONEOK, Inc. (NYSE:OKE) is a midstream oil and gas company headquartered in Oklahoma. Its shares are up by 15% over the past year and by 21% year-to-date. Wells Fargo discussed ONEOK, Inc. (NYSE:OKE)’s shares on March 25th as it significantly raised the share price target to $100 from $81 and upgraded the rating to Overweight from Equal Weight. The coverage was based on the conflict in Iran, as Wells Fargo claimed that ONEOK, Inc. (NYSE:OKE) could benefit from a growth in demand for US energy. Barclays raised the share price target to $82 from $76 and kept an Equal Weight rating on March 6th. According to Barclays, ONEOK, Inc. (NYSE:OKE) could benefit from demand in lower-tier gas basins. However, between March 30th and April 1st, the shares dropped by 6%. Like the analysts, Cramer also commented on the positive impact of the current environment on ONEOK, Inc. (NYSE:OKE):

“I’ve got Oneok tonight which is one of my favorite stocks ever. One Oak is the kind of stock you buy in this environment. Pierce Norton, they put together a great pipeline. People want pipelines. . .”