Oneok price target raised to $73 from $69 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on Oneok to $73 from $69 and keeps a Buy rating on the shares. The analyst sees continued stable operations for the company despite the ongoing pressure on quarter-to-date prices of NGLs and other commodities. Dingmann further states that Oneok should experience more stable earnings/cash flow than many peers given its ramping fee businesses in all three segments, leading to potential for future higher distributions.