ONEOK, Inc. (NYSE: OKE) has recently garnered attention as one of the stocks highlighted by Jim Cramer. During a recent “lightning round” segment, a caller inquired about increasing their investment in OKE, to which Cramer responded enthusiastically:
“Absolutely. Walter Hulse, the CFO, along with Pierce Norton, are both doing commendable work. I believe it’s a buy, especially given how low the stock is right now.”
ONEOK, Inc. (NYSE:OKE) is a prominent midstream energy player specializing in the gathering, processing, storage, transportation, and export of natural gas, NGLs, refined products, and crude oil. The company also participates in marketing, blending, and leasing services tailored for producers, utilities, refiners, and industrial clients. In a previous episode from July, Cramer remarked on ONEOK’s potential:
“If you’re seeking a natural gas-focused pipeline company with growth prospects, consider ONEOK. They have a strong role in transporting natural gas to the Gulf Coast, where much of our existing LNG export infrastructure is centered. Although the yield isn’t particularly high at over 5%, ONEOK’s units have dropped more than 30% from their peaks late last year, suggesting they may offer more upside compared to Energy Transfer.”
While there is notable interest in OKE as an investment opportunity, it is essential for potential investors to recognize that various AI stocks currently present higher upside potential while posing fewer risks. For those interested in exploring an undervalued AI stock poised to benefit from Trump-era tariffs and the trend of onshoring, we invite you to read our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
