ONEOK (NYSE:OKE) Given New $92.00 Price Target at Scotiabank

Key Points

• Scotiabank raised its price target for ONEOK from $91 to $92 and kept a "sector outperform" rating, implying roughly a 6.43% upside from the current share price.
• Brokerage views are split—nine analysts rate ONEOK a Buy and nine a Hold—yielding a consensus "Moderate Buy" and a consensus price target of $89.69, while individual targets vary widely (e.g., Morgan Stanley $113, Wells Fargo $100, UBS $103 after a cut).
• Recent fundamentals: ONEOK traded at $86.44, beat estimates with $1.55 EPS and $9.07B revenue for the quarter, and set FY2026 guidance of 5.04–5.87 EPS; market cap is about $54.46B with a P/E of 15.93.

ONEOK (NYSE:OKE - Get Free Report) had its target price increased by research analysts at Scotiabank from $91.00 to $92.00 in a report issued on Monday,Benzinga reports. The firm currently has a "sector outperform" rating on the utilities provider's stock. Scotiabank's target price indicates a potential upside of 6.43% from the stock's current price.

A number of other analysts also recently issued reports on the stock. Truist Financial began coverage on shares of ONEOK in a research report on Tuesday, March 24th. They issued a "hold" rating and a $91.00 target price on the stock. UBS Group decreased their target price on shares of ONEOK from $114.00 to $103.00 and set a "buy" rating on the stock in a research report on Thursday, January 22nd. Wells Fargo & Company upgraded shares of ONEOK from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $81.00 to $100.00 in a research report on Wednesday, March 25th. Royal Bank Of Canada lifted their target price on shares of ONEOK from $79.00 to $84.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 19th. Finally, Morgan Stanley lifted their target price on shares of ONEOK from $104.00 to $113.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, ONEOK has an average rating of "Moderate Buy" and a consensus price target of $89.69.

ONEOK Price Performance

NYSE:OKE traded up $0.23 during trading hours on Monday, hitting $86.44. The stock had a trading volume of 444,405 shares, compared to its average volume of 5,006,326. The company has a 50 day simple moving average of $86.15 and a two-hundred day simple moving average of $76.98. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK has a one year low of $64.02 and a one year high of $95.30. The firm has a market capitalization of $54.46 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 6.52 and a beta of 0.84.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 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 firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts forecast that ONEOK will post 5.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONEOK

Several hedge funds have recently bought and sold shares of OKE. Brighton Jones LLC boosted its stake in ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock worth $1,534,000 after acquiring an additional 8,834 shares in the last quarter. Empowered Funds LLC boosted its stake in ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider's stock worth $1,782,000 after acquiring an additional 137 shares in the last quarter. Acadian Asset Management LLC bought a new stake in ONEOK during the first quarter worth about $216,000. Federated Hermes Inc. boosted its stake in ONEOK by 14.0% during the second quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider's stock worth $255,000 after acquiring an additional 383 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of ONEOK by 3.9% in the second quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider's stock worth $10,640,000 after buying an additional 4,902 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

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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