Barclays maintains Hold rating on ONEOK after missing EPS estimates, but sees growth in volumes

ONEOK, Inc. (NYSE:OKE) is listed among the 11 Best 52-Week Low Stocks to Buy Right Now. Barclays analyst Theresa Chen maintained a Hold rating on OKE with a price target of $91 after the company missed EPS estimates for the fiscal first quarter of 2025.

In the fiscal first quarter of 2025, ONEOK reported a Net income of $691 million, up from $639 million last year. However, net income attributable to shareholders decreased to $636 million from $639 million. This led to an EPS of $1.04, missing the market consensus by $0.20.

On the positive side, ONEOK saw increased year-over-year volumes of natural gas liquids and natural gas processing, especially in the Rocky Mountain region. NGL raw feed throughput volumes in the Rocky Mountain region rose by 15% year-over-year, while natural gas volumes processed increased by 7%. Management reaffirmed its full-year guidance for 2025.

ONEOK, Inc. (NYSE:OKE) is a midstream energy company specializing in the transportation, processing, and storage of natural gas and related products. The company’s potential as an investment is noted, but certain AI stocks are believed to offer greater upside potential and less downside risk.

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Read more at Yahoo Finance: Barclays Maintained a Hold Rating on ONEOK (OKE), Keeps the PT Unchanged