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Synergy Progress and Market Volatility Will Shape Midstream Expansion Ahead

Published
20 Aug 24
Updated
26 Oct 25
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AnalystConsensusTarget's Fair Value
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1Y
-34.8%
7D
-6.9%

Author's Valuation

US$90.8429.2% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on 26 Oct 25

Fair value Decreased 2.65%

ONEOK's fair value estimate has been lowered by analysts from $93.32 to $90.84 per share. This change reflects recent price target reductions, which are driven by a cautious outlook on synergy realization, evolving growth expectations, and continued macroeconomic uncertainty.

Shared on 12 Oct 25

Fair value Decreased 1.72%

Global Energy Demand Will Empower US Midstream Expansion

ONEOK's analyst price target has been lowered by approximately $1.63 to $93.32. Analysts cite recent sector-wide price target revisions, along with a focus on synergy execution, multiple stabilization, and commodity market headwinds as key factors behind the update.

Shared on 28 Sep 25

Fair value Decreased 1.21%

Global Energy Demand Will Empower US Midstream Expansion

ONEOK’s consensus price target was modestly reduced as analysts cite near-term commodity price pressure and a diminished long-term growth outlook due to sector-wide infrastructure limits, partially offsetting positive integration efforts and resulting in a modest downward fair value revision to $94.94. Analyst Commentary Bullish analysts expect investor focus to shift from growth to return of cash, emphasizing capital discipline, dividends, and buybacks as key valuation drivers.

Shared on 31 Aug 25

Fair value Decreased 1.76%

Global Energy Demand Will Empower US Midstream Expansion

ONEOK’s consensus price target was modestly reduced to $96.44 as analysts weighed ongoing commodity price and macroeconomic headwinds, limited near-term NGL growth opportunities, and sector uncertainty against strong execution, synergy benefits, and robust EBITDA, resulting in a slight downward revision of fair value. Analyst Commentary Analyst price target reductions reflect ongoing commodity price headwinds and macroeconomic volatility, particularly concerns about lower hydrocarbon prices into 2026.

Shared on 07 May 25

Fair value Decreased 6.97%

Global Energy Demand Will Empower US Midstream Expansion

Shared on 30 Apr 25

Fair value Decreased 6.62%

Pipeline Expansion And Easton Connection Will Solidify US Operations

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 6.55%

Pipeline Expansion And Easton Connection Will Solidify US Operations

AnalystConsensusTarget has increased shares outstanding growth rate from 0.0% to 0.0%.

Shared on 16 Apr 25

Fair value Decreased 1.79%

Pipeline Expansion And Easton Connection Will Solidify US Operations

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.049%

Pipeline Expansion And Easton Connection Will Solidify US Operations

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 10%

Pipeline Expansion And Easton Connection Will Solidify US Operations

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 1.58%

Pipeline Expansion And Easton Connection Will Solidify US Operations

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 0.24%

Pipeline Expansion And Easton Connection Will Solidify US Operations

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 6.18%

Pipeline Expansion And Easton Connection Will Solidify US Operations

AnalystConsensusTarget has decreased revenue growth from 16.7% to 14.3%.