ONEOK (NYSE:OKE) Stock Gets Price Target Bump from Truist Financial

ONEOK (NYSE:OKE) had its price objective upped by stock analysts at Truist Financial from $104.00 to $105.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Truist Financial‘s price target points to a potential upside of 7.96% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Seaport Research Partners boosted their target price on ONEOK from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Mizuho increased their target price on ONEOK from $91.00 to $95.00 in a research note on Friday, July 10th. Weiss Ratings raised ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Raymond James Financial reaffirmed an “outperform” rating and set a $98.00 price target on shares of ONEOK in a report on Tuesday, October 20th. Finally, Freedom Capital upgraded ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.05.

ONEOK Stock Up 1.5%

OKE traded up $1.44 during midday trading on Friday, reaching $97.25. The company’s stock had a trading volume of 876,715 shares, compared to its average volume of 4,129,121. The firm has a market capitalization of $61.31 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.88 and a beta of 0.82. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.83. ONEOK has a 1 year low of $64.02 and a 1 year high of $99.85. The stock’s 50-day moving average is $92.81 and its 200-day moving average is $88.47.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 27th. The utilities provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.63. ONEOK had a net margin of 9.42% and a return on equity of 16.36%. The firm had revenue of $12.46 billion during the quarter, compared to analyst estimates of $10.54 billion. During the same period last year, the business earned $1.49 earnings per share. As a group, research analysts expect that ONEOK will post 5.74 EPS for the current year.

Institutional Investors Weigh In On ONEOK

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC raised its position in shares of ONEOK by 482.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 13,783 shares of the utilities provider’s stock valued at $1,175,000 after purchasing an additional 11,418 shares during the period. Sawyer & Company Inc purchased a new position in shares of ONEOK during the 3rd quarter valued at $102,000. MBM Wealth Consultants LLC lifted its stake in shares of ONEOK by 18.3% during the 3rd quarter. MBM Wealth Consultants LLC now owns 8,665 shares of the utilities provider’s stock valued at $739,000 after buying an additional 1,341 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in ONEOK by 8.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 2,894 shares of the utilities provider’s stock worth $247,000 after buying an additional 218 shares during the period. Finally, CFS Investment Advisory Services LLC boosted its holdings in ONEOK by 77.1% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 5,059 shares of the utilities provider’s stock worth $451,000 after buying an additional 2,202 shares during the period. Institutional investors own 69.13% of the company’s stock.

Trending Headlines about ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK raised its 2026 outlook for the third consecutive time. Adjusted EBITDA guidance increased to approximately $8.5 billion-$8.6 billion, with management citing record Permian volumes, infrastructure expansion and contributions from the Brazos Midland acquisition. OKE Q3 Earnings Call Highlights Higher Guidance and Permian Growth
• Positive Sentiment: Third-quarter results exceeded expectations. Revenue reached $12.46 billion and diluted EPS was $2.13, versus the $1.50 analyst consensus cited in the reports. Earnings rose 43% year over year, helped by higher volumes and marketing gains. OKE Q3 Earnings Surpass Estimates on Higher Volumes and Marketing Gains
• Positive Sentiment: ONEOK’s financial position is improving. The company received about $9 billion in minority equity investment, repaid approximately $5.5 billion of debt and established a target of roughly 3.25 times leverage. Credit-rating upgrades could reduce financing pressure and support future investment. ONEOK Outlines Leverage Target While Raising EBITDA Guidance
• Positive Sentiment: Analyst sentiment remains generally constructive. Jefferies raised its price target to $97 from $94, while US Capital Advisors maintained a “Moderate Buy” rating and another report said its FY2028 earnings forecast was increased. Jefferies Adjusts Price Target on ONEOK
• Neutral Sentiment: Valuation is becoming a more important consideration. After a substantial multiyear gain, investors are assessing whether future earnings growth is sufficient to justify the share price, which is near its 52-week high. ONEOK Stock May Look Reasonable on Raised 2026 Earnings Guidance
• Negative Sentiment: Some forward EPS estimates were reduced. US Capital Advisors lowered its FY2026 forecast to $5.74 from $5.90 and FY2027 forecast to $6.12 from $6.36, along with several quarterly estimates, suggesting expectations for future profit growth remain mixed.

ONEOK Company Profile

ONEOK, Inc is an energy infrastructure company that operates midstream assets across the United States. Its business includes the gathering, processing, storage and transportation of natural gas, as well as the gathering, fractionation, storage and transportation of natural gas liquids (NGLs). The company also provides transportation and storage services for refined petroleum products, crude oil and other related commodities.

ONEOK serves major producing and consuming regions, including the Mid-Continent, Rocky Mountain, Permian and Gulf Coast areas.