ONEOK Inc. (NYSE:OKE) Targets Growth Amid Competitive Pipeline Sector

• Holly Stewart from Scotiabank sets a price target of $92 for NYSE:OKE, indicating a potential upside of approximately 12.77%.
• ONEOK's strategic acquisitions and focus on fee-based earnings aim to bolster its market position and operational footprint.
• The company plans to invest between $2.8 billion and $3.2 billion in capital projects to maintain competitiveness in the pipeline business.

ONEOK Inc. (NYSE:OKE) is a prominent player in the natural gas industry, focusing on gathering, processing, storage, and transportation of natural gas. The company has been actively expanding its operations through strategic acquisitions and capital investments. Despite facing stiff competition in the pipeline sector, ONEOK continues to strengthen its market position.

On July 15, 2025, Holly Stewart from Scotiabank set a price target of $92 for OKE, suggesting a potential upside of approximately 12.77% from its current trading price of $81.58. This optimistic outlook is supported by ONEOK's strategic moves, such as acquiring EnLink Midstream and gaining full control of Delaware G, which have bolstered its presence in high-production regions.

ONEOK's growth strategy includes a focus on fee-based earnings, with 90% of its revenue expected to come from these sources in 2025. The company plans to invest between $2.8 billion and $3.2 billion in capital projects, aiming to enhance its operational footprint. These investments are crucial for maintaining competitiveness in the pipeline business, where ONEOK holds a Zacks Rank #3 (Hold).

As of the latest trading session, ONEOK's stock price is $81.58, showing a slight increase of 0.30%. The stock has fluctuated between $80.73 and $81.68 during the day, with a market capitalization of approximately $50.96 billion. Over the past year, the stock has seen a high of $118.07 and a low of $75.47, reflecting its volatility in the market.