ONEOK, Inc. (NYSE:OKE) Receives $92.44 Average PT from Analysts

Shares of ONEOK, Inc. (NYSE:OKE) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $91.8125.

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Truist Financial boosted their price objective on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Barclays reduced their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $103.00 price target (down from $113.00) on shares of ONEOK in a research note on Wednesday.

Trending Headlines about ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts for several future periods, including Q3 2026 to $1.45 from $1.43, FY2027 to $6.12 from $6.03, and FY2028 to $6.97 from $6.88. The revisions suggest improving expectations for ONEOK’s earnings growth beyond the upcoming quarter. US Capital Advisors earnings estimates
• Positive Sentiment: Analysts’ earnings preview highlights rising natural-gas demand, stronger processing volumes and ONEOK’s fee-based revenue model as potential supports for second-quarter performance and longer-term cash-flow stability. ONEOK Gears Up to Report Q2 Earnings: What to Expect From the Stock?
• Neutral Sentiment: Second-quarter earnings are the main near-term catalyst. Investors will focus on revenue, volumes, fee-based earnings and management’s outlook for growth when ONEOK reports. ONEOK Q2 2026 earnings preview: Investors weigh growth outlook
• Negative Sentiment: US Capital Advisors reduced its Q2 2026 EPS estimate to $1.43 from $1.46, indicating some pressure on expectations for the imminent report. The estimate remains below the firm’s longer-term outlook revisions. ONEOK Q2 earnings estimate revision
• Negative Sentiment: Morgan Stanley downgraded ONEOK over growth concerns and said it preferred Targa Resources, creating a relative-performance and valuation overhang for OKE despite its more defensive, fee-based business mix. ONEOK cut at Morgan Stanley on growth concerns

ONEOK Stock Up 2.0%

Shares of ONEOK stock opened at $90.83 on Monday. ONEOK has a 12 month low of $64.02 and a 12 month high of $96.07. The business has a fifty day simple moving average of $89.09 and a 200 day simple moving average of $86.58. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The stock has a market cap of $57.24 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 4.84 and a beta of 0.73.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. Research analysts predict that ONEOK will post 5.63 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Hedge Funds Weigh In On ONEOK

A number of large investors have recently bought and sold shares of OKE. Zions Bancorporation National Association UT boosted its holdings in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the last quarter. Elyxium Wealth LLC bought a new stake in ONEOK during the fourth quarter worth $29,000. Cornerstone Financial Management LLC bought a new stake in ONEOK during the fourth quarter worth $29,000. SRH Advisors LLC lifted its stake in ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares during the last quarter. Finally, Portus Wealth Advisors LLC acquired a new stake in ONEOK in the first quarter valued at $33,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.