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Rating: OKE
Buy $27

Oneok, Inc. (NYSE: OKE) upgraded to Buy with price target $27 by Argus

Monday,  Jan 11, 2016  8:25 AM ET by Dave Ficere

Argus upgraded Oneok, Inc. (NYSE: OKE) to Buy with
price target $27. Previously Argus rated Hold Oneok, Inc. (NYSE: OKE) on 12/05/2013, when the stock price was $59.31.

ONEOK, Inc. is a diversified energy company. It is a natural gas distributor in Oklahoma, Kansas and Texas. The Company?s distribution markets include Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita, and Topeka, Kansas, and Austin and El Paso, Texas. Its energy services operation is engaged in providing natural gas marketing services to wholesale and retail customers across the United States and Canada. The Company is the sole general partner and owns 47.7% of ONEOK Partners, L.P. ONEOK Partners is engaged in gathering, processing, storage and transportation of natural gas in the United States. The Company has four business segments: ONEOK Partners, Distribution, Energy Services and Other.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system



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