What Is The Market Missing About ONEOK Stock?
ONEOK (OKE) stock is considered a strong value buy due to its below-average valuation and robust revenue growth. Despite a 27% decline this year, OKE's fee-based model ensures stable cash flow, supported by synergies from acquisitions. The stock trades at a PE multiple of 13.1, below the S&P 500 median. Risks include historical performance during downturns, but OKE's fundamentals remain strong. Alternatives like Accenture, Adobe, and PayPal are suggested for those hesitant to invest in OKE.