ONEOK, Inc. (OKE) is a major midstream energy company based in Tulsa, Oklahoma, with a market cap of $46.6 billion. However, over the past year, OKE shares have underperformed, declining 13.1% compared to the S&P 500’s 20.6% gain.

The company released its Q2 results on Aug. 4, with shares falling 5.2% the next day. Despite a 22% increase in adjusted EBITDA and meeting net income estimates, higher NGL inventory and lower prices may have impacted investor sentiment.

Analysts predict OKE’s EPS to grow 5.8% to $5.47 for the current fiscal year, with a mixed earnings surprise history. Among 17 analysts, the consensus rating is a “Moderate Buy,” with a mix of “Strong Buy,” “Moderate Buy,” and “Hold” recommendations.

JPMorgan Chase & Co. analyst Jeremy Tonet maintains a “Buy” rating on OKE with a price target of $93, suggesting a 25.6% potential upside. The mean price target of $100.59 indicates a 35.8% premium, while the Street-high target of $147 implies a 98.5% potential upside.

Read more at Yahoo Finance: Do Wall Street Analysts Like ONEOK Stock?