Why Oneok's Stock Is Trading Lower Today

Oneok, Inc. OKE shares are trading lower on Wednesday after getting a downgrade.

UBS downgraded the stock from Buy to Neutral and lowered its price target from $38 to $34 per share.

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

Oneok shares were trading down 4.91% at $31.39 on Wednesday. The stock has a 52-week high of $78.48 and a 52-week low of $12.16.