03:40 AM EDT, 08/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $81, cut by $8, reflects a 10x multiple of enterprise value to projected 2026 EBITDA. The applied multiple is a modest discount to OKE's historical forward average, but merited in our view by concerns over end market demand growth in some of OKE's key markets in 2026. We lift our 2025 EPS estimate by $0.09 to $5.45, but trim our 2026 estimate by $0.32 to $6.00. We harbor some concern that demand for natural gas processing and logistics in the Bakken may decelerate, as the number of active rigs in this play is dwindling of late. To be fair, the marginal well in U.S. unconventional plays is getting somewhat gassier , and so even flattish rig demand could still imply a rise in demand for OKE's services. Nonetheless, we note that with weaker commodity pricing of late, the risk of further reductions in working rigs could indirectly affect demand for OKE's services.