Jim Cramer on ONEOK: "I Can't Believe it's This Low"

ONEOK, Inc. (NYSE:OKE) is one of the stocks Jim Cramer shared his take on. When a caller asked if they could buy more of the stock during the lightning round, Cramer said:

“Absolutely. Walter Hulse, CFO there is doing an amazing job. So is Pierce Norton. I think that’s a buy. I can’t believe it’s this low.”

ONEOK, Inc. (NYSE:OKE) is a midstream energy company providing gathering, processing, storage, transportation, and export services for natural gas, NGLs, refined products, and crude oil. The company also engages in marketing, blending, and leasing activities while serving producers, utilities, refiners, and industrial customers. Cramer mentioned the stock in a July episode and commented:

“Now, if you’re looking for another natural gas-oriented pipeline company with some growth, there’s ONEOK. These guys have a particularly strong presence, bringing natural gas to the Gulf Coast, which is where most of our existing liquified natural gas export infrastructure currently sits. Now, the yield isn’t quite as strong here. Right now, ONEOK units pay a dividend that yields just over 5%, but with ONEOK currently down over 30% from its highs late last year, this one could potentially have more upside than Energy Transfer.”

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