Jim Cramer Calls ONEOK a Buy

ONEOK, Inc. (NYSE:OKE) is one of the stocks Jim Cramer answered questions about. During the lightning round, a caller inquired after Cramer’s thoughts on the stock, and he replied, “ONEOK is a buy right here. Not just because I think Walter Hulse is terrific.”

ONEOK, Inc. (NYSE:OKE) provides midstream energy services, which include handling the gathering, processing, transportation, storage, and export of natural gas, natural gas liquids, refined products, and crude oil. Cramer mentioned the company during the July 28 episode and said:

“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.