Mizuho Securities analyst Gabe Moreen has maintained their neutral stance on OKE stock, giving a Hold rating yesterday.
Gabe Moreen has given his Hold rating due to a combination of factors influencing Oneok’s financial outlook. The company reported a mixed performance in its fourth-quarter results, with a notable beat on headline figures primarily due to a one-time uplift from a gas pipeline sale. However, this was counterbalanced by transaction costs related to other deals, leading to a neutral overall assessment.
Furthermore, Oneok’s initial guidance for adjusted EBITDA in fiscal year 2025 was lighter than anticipated, which tempered expectations despite a stronger outlook for fiscal year 2026. The company’s substantial capital expenditure plans and strategic projects, such as the LPG export joint venture and processing plant relocation, are expected to drive future growth. However, uncertainties surrounding synergy realizations and competitive pressures in the market contribute to the Hold rating, as investors may remain cautious until more concrete results are observed.
In another report released yesterday, Barclays also maintained a Hold rating on the stock with a $105.00 price target.