Oneok price target raised to $103 from $91 at Seaport Research

Seaport Research raised the firm’s price target on Oneok (OKE) to $103 from $91 and keeps a Buy rating on the shares. The firm expects recent acquisitions in Permian will expand the company’s opportunity set and further solidify its position as a multi-basin, multi-product midstream service provider, the analyst tells investors. Additionally, the firm believes the company can do sizable stock buybacks in 2025 while still hitting its guidance.