Raymond James Lowers PT on ONEOK (OKE) to $110 From $115, Keeps an Overweight Rating

ONEOK, Inc. (NYSE:OKE) is one of the most oversold energy stocks to buy right now. On July 22, Raymond James analyst J.R. Weston lowered the firm’s price target on ONEOK, Inc. (NYSE:OKE) to $110 from $115, keeping an Outperform rating on the shares.

The analyst told investors in a research note that the company’s story in Q2 is the rebound off of challenging weather and volume impacts in Q1. ONEOK, Inc. (NYSE:OKE) reported $691 million in net income in fiscal Q1 2025, with net income attributable to the company reaching $636 million, resulting in $1.04 per diluted share.

ONEOK, Inc. (NYSE:OKE) gathers, fractionates, processes, transports, stores, and markets natural gas. The company’s operations are divided into the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.

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Disclosure: None. This article is originally published at Insider Monkey.