ONEOK Inc
OKE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$95.00 | Dyyczw | Nqbthknh |
Increasing Oneok's Fair Value Estimate to $61 Per Share After Adding Medford Settlement and Higher Volumes
After looking deeper at Oneok's fourth-quarter results, we are increasing our fair value estimate to $61 per share from $58. The Medford settlement accounted for a bit more than $1 per share of that increase, while modestly higher volumes at Oneok's gathering and processing operations accounted for the remainder.