Movement Alert｜ONEOK Rises 3.05% in Regular Trading, Bank of America Raises Target Price to $96

Market Focus06-01

On June 1, ONEOK rose 3.05% in regular trading, trading at $86.63/share, with trading volume of $58.87 million. The move came after Bank of America Securities raised its target price on the stock from $94 to $96.

According to analyst consensus data, ONEOK carries an average rating of overweight with a mean price target of $95.25. The upgraded target reflects continued confidence in the company's midstream energy infrastructure operations across natural gas gathering, processing, fractionation, transportation, storage, and marine export services. ONEOK is one of North America's largest diversified energy infrastructure companies.

Within the Oil & Gas Storage & Transportation sector, the overall performance was positive. Among individual stocks, Cheniere rose 3.17%, Energy Transfer LP rose 1.30%, Enbridge rose 1.00%, Kinder Morgan rose 0.47%, while Williams declined 0.43%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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