ONEOK's 32.55% Volume Drop Pushes Stock to 497th Rank Amid $3.0B Fundraising and 42.98% Price Target

On August 18, 2025, ONEOK (OKE) traded with a volume of $0.18 billion, reflecting a 32.55% decline from the previous day. The stock closed down 1.20%, ranking 497th in trading volume among listed equities. The energy midstream operator, established in 1906, reported 2024 revenue of $21.7 billion, a 22.75% increase from 2023, with earnings rising 14.15% to $3.03 billion. Analysts maintain a "Buy" consensus, projecting a 12-month price target of $104.43, implying 42.98% upside.

ONEOK recently announced a $3.0 billion senior notes offering, priced on August 6, to fund capital initiatives. The company also declared a final investment decision for a new gas processing plant in the Delaware Basin, expanding its presence in a key U.S. shale region. This follows a record NGL throughput in the Rocky Mountain region, supporting its 2025 financial guidance. On July 16, ONEOK reaffirmed its quarterly dividend of $1.03 per share, maintaining consistency amid market volatility.

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