ONEOK (NYSE:OKE – Get Free Report) was upgraded by investment analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.
A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Citigroup raised their target price on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wall Street Zen downgraded ONEOK from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. boosted their price objective on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, 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 report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.81.
Check Out Our Latest Stock Report on ONEOK
ONEOK Stock Performance
ONEOK (NYSE:OKE – Get Free Report) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same period in the prior year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts predict that ONEOK will post 5.68 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in OKE. Zions Bancorporation National Association UT lifted its position in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after buying an additional 143 shares in the last quarter. Elyxium Wealth LLC bought a new stake in ONEOK in the 4th quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK during the 4th quarter worth approximately $29,000. Portus Wealth Advisors LLC bought a new position in shares of ONEOK during the 1st quarter valued at approximately $33,000. Finally, Wilkerson Advisory Group LLC grew its holdings in shares of ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.
ONEOK News Summary
Here are the key news stories impacting ONEOK this week:
- Positive Sentiment: ONEOK reported second-quarter adjusted earnings of $1.53 per share, ahead of the $1.46 consensus estimate, with revenue of $12.05 billion versus expectations of $8.95 billion. Results also improved from $1.34 per share in the year-ago quarter. Oneok Q2 Earnings: What Key Metrics Have to Say
- Positive Sentiment: Management raised its 2026 adjusted EBITDA guidance to an $8.35 billion midpoint and maintained full-year EPS guidance of $5.68. Record NGL throughput, project start-ups, stronger utilization and commercial wins are expected to support mid- to high-single-digit EBITDA growth. ONEOK Hikes Full-Year Guidance After Record NGL Volumes Drive Earnings Growth
- Positive Sentiment: Zacks characterized ONEOK as a strong value stock, which could appeal to investors seeking valuation support in the energy-infrastructure sector. Why ONEOK Is a Strong Value Stock
- Neutral Sentiment: ONEOK released its annual corporate sustainability report. The disclosure may support transparency and stakeholder confidence, but it does not materially change near-term earnings expectations. ONEOK Releases Annual Corporate Sustainability Report
- Neutral Sentiment: Jefferies reaffirmed a Hold rating, and broader analyst sentiment toward ONEOK remains mixed. This may limit upside from the strong earnings report unless execution and guidance continue to improve. Jefferies Reaffirms Hold Rating on ONEOK
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.
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