Jim Cramer Shares Why ONEOK (OKE) Is His Favorite Gas Stock

ONEOK, Inc. (NYSE:OKE) is simply a midstream lipid and state institution headquartered successful Oklahoma. Its shares are up by 15% implicit the past twelvemonth and by 21% year-to-date. Wells Fargo discussed ONEOK, Inc. (NYSE:OKE)’s shares connected March 25th arsenic it importantly raised the stock terms people to $100 from $81 and upgraded the standing to Overweight from Equal Weight. The sum was based connected the struggle successful Iran, arsenic Wells Fargo claimed that ONEOK, Inc. (NYSE:OKE) could payment from a maturation successful request for US energy. Barclays raised the stock terms people to $82 from $76 and kept an Equal Weight standing connected March 6th. According to Barclays, ONEOK, Inc. (NYSE:OKE) could payment from request successful lower-tier state basins. However, betwixt March 30th and April 1st, the shares dropped by 6%. Like the analysts, Cramer besides commented connected the affirmative interaction of the existent situation connected ONEOK, Inc. (NYSE:OKE):

“I’ve got Oneok contiguous which is 1 of my favourite stocks ever. One Oak is the benignant of banal you bargain successful this environment. Pierce Norton, they enactment unneurotic a large pipeline. People privation pipelines. . .”

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