These updates reveal a dynamic period for Oneok Inc. (OKE). It has significantly increased its footprint in midstream assets with the acquisition of governing interest in EnLink Midstream and Medallion Midstream from Global Infrastructure Partners in a deal valued at $5.9 billion. Despite some stock performance setbacks, OKE stock rose in several instances. However, the share performance is reported to lag behind the market on many occasions.
Fund managers have shown interest in OKE, with Bahl & Gaynor Inc. and Acadian Asset Management boosting their stakes in the company. Institutions favor OKE, with them owning 70% of the company. Analysts have issued mixed reviews of Oneok's recent steps, but some, including Jim Cramer, have praised the company. Even though, there were several insider sales, including one by Director Pattye Moore.
Furthermore, Oneok outpaced the last earnings estimate and aims to bridge further into the Permian region and expand its pipeline to connect Denver. However, revenue missed Q2 estimates.
Oneok OKE News Analytics from Thu, 18 Jan 2024 08:00:00 GMT to Mon, 16 Sep 2024 00:00:00 GMT - Rating 5 - Innovation 7 - Information 8 - Rumor -3
