Truist Financial Issues Positive Forecast for ONEOK (NYSE:OKE) Stock Price

Key Points

• Truist Financial raised ONEOK’s price target from $104 to $105 while maintaining a “hold” rating, implying approximately 7.96% upside from the prior close.
• Analyst sentiment is generally positive but mixed: ONEOK has a consensus “Moderate Buy” rating and an average price target of $98.05, with 11 analysts rating the stock a Hold.
• ONEOK reported stronger-than-expected quarterly results, posting $2.13 in EPS versus the $1.50 consensus estimate and revenue of $12.46 billion versus $10.54 billion expected.

ONEOK (NYSE:OKE - Get Free Report) had its price objective increased by analysts at Truist Financial from $104.00 to $105.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "hold" rating on the utilities provider's stock. Truist Financial's target price would indicate a potential upside of 7.96% from the company's previous close.

A number of other research firms have also issued reports on OKE. Jefferies Financial Group set a $97.00 target price on ONEOK in a report on Thursday. US Capital Advisors downgraded shares of ONEOK from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. reduced their price objective on ONEOK from $106.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, October 6th. UBS Group set a $93.00 price target on ONEOK in a research note on Friday, September 11th. Finally, Weiss Ratings raised ONEOK from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and a consensus target price of $98.05.

ONEOK Stock Performance

Shares of NYSE:OKE traded up $1.44 during trading on Friday, reaching $97.25. 876,715 shares of the company's stock traded hands, compared to its average volume of 4,129,121. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.59. The company has a 50 day moving average of $92.81 and a 200-day moving average of $88.47. ONEOK has a 12 month low of $64.02 and a 12 month high of $99.85. The stock has a market capitalization of $61.31 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.88 and a beta of 0.82.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.63. ONEOK had a return on equity of 16.36% and a net margin of 9.42%. The company had revenue of $12.46 billion for the quarter, compared to analysts' expectations of $10.54 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. On average, equities analysts expect that ONEOK will post 5.74 EPS for the current year.

Institutional Trading of ONEOK

Several institutional investors and hedge funds have recently modified their holdings of the business. Soltis Investment Advisors LLC boosted its stake in ONEOK by 482.8% during the third quarter. Soltis Investment Advisors LLC now owns 13,783 shares of the utilities provider's stock valued at $1,175,000 after buying an additional 11,418 shares during the period. Sawyer & Company Inc bought a new stake in ONEOK in the 3rd quarter worth approximately $102,000. MBM Wealth Consultants LLC raised its stake in shares of ONEOK by 18.3% during the third quarter. MBM Wealth Consultants LLC now owns 8,665 shares of the utilities provider's stock worth $739,000 after acquiring an additional 1,341 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of ONEOK by 8.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 2,894 shares of the utilities provider's stock valued at $247,000 after purchasing an additional 218 shares in the last quarter. Finally, CFS Investment Advisory Services LLC grew its stake in shares of ONEOK by 77.1% during the third quarter. CFS Investment Advisory Services LLC now owns 5,059 shares of the utilities provider's stock valued at $451,000 after buying an additional 2,202 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK News Roundup

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.

About ONEOK

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.

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