ONEOK (NYSE:OKE) Given New $100.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies raised its price target on ONEOK to $100 (from $98) and maintained a "buy" rating, implying roughly a 15.6% upside from the current price.
• The stock fell about 4.6% to $86.49 mid-day, while analysts are split—nine Buy and nine Hold—with a consensus price target of $89.63 (a "Moderate Buy").
• ONEOK beat quarterly estimates with EPS of $1.55 (vs. $1.50 expected) and $9.07B in revenue, and set FY2026 guidance of 5.040–5.870 EPS (analysts forecast ~5.07).

ONEOK (NYSE:OKE - Get Free Report) had its target price boosted by equities research analysts at Jefferies Financial Group from $98.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the utilities provider's stock. Jefferies Financial Group's price target suggests a potential upside of 15.63% from the stock's current price.

Several other analysts have also recently issued reports on OKE. Mizuho set a $89.00 target price on shares of ONEOK in a research note on Monday, February 23rd. UBS Group lowered their target price on shares of ONEOK from $114.00 to $103.00 and set a "buy" rating on the stock in a research note on Thursday, January 22nd. Scotiabank reiterated an "outperform" rating and issued a $91.00 target price on shares of ONEOK in a research note on Friday, January 16th. Barclays increased their target price on shares of ONEOK from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company upgraded shares of ONEOK from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $81.00 to $100.00 in a research note on Wednesday, March 25th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.63.

ONEOK Stock Down 4.6%

OKE stock traded down $4.14 during mid-day trading on Wednesday, reaching $86.49. 5,336,095 shares of the company traded hands, compared to its average volume of 5,065,028. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The stock has a market cap of $54.49 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 6.70 and a beta of 0.84. The firm's 50 day moving average price is $85.70 and its 200 day moving average price is $76.69. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $95.30.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, equities research analysts predict that ONEOK will post 5.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OKE. Brighton Jones LLC raised its holdings in ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock worth $1,534,000 after purchasing an additional 8,834 shares in the last quarter. Empowered Funds LLC raised its holdings in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider's stock worth $1,782,000 after purchasing an additional 137 shares in the last quarter. Acadian Asset Management LLC bought a new position in ONEOK in the 1st quarter worth $216,000. EverSource Wealth Advisors LLC raised its holdings in ONEOK by 5.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,744 shares of the utilities provider's stock worth $306,000 after purchasing an additional 209 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in ONEOK by 14.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider's stock worth $255,000 after purchasing an additional 383 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

About ONEOK

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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