ONEOK (OKE) Stock Forecast & Price Target

Q: What analysts cover ONEOK?

ONEOK has been rated by research analysts at Barclays , Citigroup , Freedom Capital , Jefferies Financial Group , JPMorgan Chase & Co. , Morgan Stanley , Royal Bank Of Canada , Scotiabank , Stifel Nicolaus , TD Cowen , Truist Financial , UBS Group , US Capital Advisors , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$95.80 -0.02 (-0.02%)

As of 03:44 PM Eastern

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ONEOK - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 19 Analyst Ratings

Sell
0

Hold
12

Buy
7

Based on 19 Wall Street analysts who have issued ratings for ONEOK in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 12 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for OKE.

Consensus Price Target

$96.63
0.86% Upside

According to the 19 analysts' twelve-month price targets for ONEOK, the average price target is $96.63. The highest price target for OKE is $112.00, while the lowest price target for OKE is $72.00. The average price target represents a forecasted upside of 0.86% from the current price of $95.80.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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OKE Analyst Ratings Over Time

Type	Current Forecast 9/10/25 to 9/10/26	1 Month Ago 8/11/25 to 8/11/26	3 Months Ago 6/12/25 to 6/12/26	1 Year Ago 9/10/24 to 9/10/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	9 Buy rating(s)
Hold	12 Hold rating(s)	10 Hold rating(s)	10 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$96.63	$91.81	$91.88	$100.60
Forecasted Upside	0.86% Upside	0.42% Upside	1.63% Upside	37.36% Upside
Consensus Rating	Hold	Moderate Buy	Hold	Moderate Buy

OKE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

OKE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ONEOK Stock vs. The Competition

Type	ONEOK	Energy Companies	Broader Market
Consensus Rating Score	2.42	2.43	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	0.74% Upside	30.65% Upside	16.96% Upside
News Sentiment Rating	Positive News See Recent OKE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/10/2026	Stifel Nicolaus 4 of 5 stars		Initiated Coverage	Hold	$105.00	+9.45%
9/9/2026	Morgan Stanley 3 of 5 stars	Robert Kad 3 of 5 stars	Boost Target	Equal Weight	$105.00 ➝ $112.00	+16.25%
9/3/2026	Citigroup 4 of 5 stars	Spiro Dounis 3 of 5 stars	Boost Target	Buy	$97.00 ➝ $108.00	+12.41%
9/2/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gabe Daoud Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$93.00 ➝ $104.00	+8.60%
9/2/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Manav Gupta Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$105.00	+11.15%
9/2/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Julien Dumoulin-Smith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$95.00 ➝ $105.00	+9.61%
9/2/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Blum Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$98.00 ➝ $106.00	+10.66%
9/1/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brandon Bingham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$89.00 ➝ $95.00	-1.15%
9/1/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeremy Tonet Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$95.00 ➝ $106.00	+10.29%
8/31/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy (B-) ➝ Buy (B)
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8/20/2026	US Capital Advisors Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Moderate Buy
8/5/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
7/21/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Elvira Scotto Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$84.00 ➝ $90.00	-3.87%
7/16/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Gabelman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$85.00 ➝ $90.00	-3.10%
7/8/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Theresa Chen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$90.00 ➝ $88.00	-3.00%
4/30/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$92.00	+1.87%
2/25/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
2/23/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gabriel Moreen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$89.00	+1.93%
11/6/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$79.00	+19.19%
11/3/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Mackay Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$72.00	+7.32%
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy	$105.00	+9.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:44 PM ET.

Should I Buy ONEOK Stock? OKE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 6, 2026. Please send any questions or comments about these ONEOK pros and cons to contact@marketbeat.com.

ONEOK
Bull Case

Here are some ways that investors could benefit from investing in ONEOK, Inc.:

ONEOK, Inc. is currently trading at $95.25, a price that sits just below its 52-week high of $99.85, indicating strong recent momentum and investor confidence in the company's midstream energy infrastructure.
The company recently announced a $4.425 billion acquisition of Brazos Midstream's Permian Midland Basin assets, a strategic move that expands its natural gas gathering and processing footprint in a high-growth region and is supported by a $9 billion minority equity investment from Apollo-managed funds.
ONEOK, Inc. offers a compelling income stream with a dividend yield of 4.48%, providing shareholders with a consistent return that is significantly above the broader market average for utility and energy stocks.
The stock demonstrates lower volatility than the broader market with a beta of 0.74, making it a potentially stable holding for investors seeking exposure to the energy sector with reduced risk of sharp price swings.
Recent earnings results showed the company beating consensus estimates, with Q2 2026 EPS of $1.53 exceeding the expected $1.46, highlighting strong operational performance and the ability to generate revenue above analyst projections.

ONEOK
Bear Case

Investors should be bearish about investing in ONEOK, Inc. for these reasons:

The company carries a high debt-to-equity ratio of 1.34, which indicates a significant level of leverage that could pressure cash flows and limit financial flexibility, especially if interest rates remain elevated or commodity prices decline.
ONEOK, Inc. has a relatively high dividend payout ratio of 73.79%, meaning the company is distributing a large portion of its earnings to shareholders, which may leave less capital available for reinvestment in growth projects or debt reduction.
The current price-to-earnings ratio of 16.42 is higher than the sector average for many midstream peers, suggesting the stock may be overvalued relative to its earnings power, particularly if growth slows down.
Short interest has been increasing, with shares shorted rising to 25,082,461 in the most recent reporting period, indicating that a notable portion of the market is betting against the stock's future performance.
The company's current ratio of 0.74 is below 1.0, suggesting that its short-term liabilities exceed its current assets, which could pose liquidity challenges if the company faces unexpected cash flow disruptions.

OKE Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for ONEOK is $96.63, with a high forecast of $112.00 and a low forecast of $72.00.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last twelve months. There are currently 12 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" OKE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKE, but not buy additional shares or sell existing shares.

According to analysts, ONEOK's stock has a predicted upside of 0.86% based on their 12-month stock forecasts.

Over the previous 90 days, ONEOK's stock had 2 upgrades and 1 downgrade by analysts.

ONEOK has been rated by research analysts at Barclays, Citigroup, Freedom Capital, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Royal Bank Of Canada, Scotiabank, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, US Capital Advisors, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like ONEOK less than other "energy" companies. The consensus rating score for ONEOK is 2.42 while the average consensus rating score for "energy" companies is 2.43. Learn more on how OKE compares to other companies.

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Brokerages With ONEOK Recommendations

MarketBeat monitors more than a dozen sources for ONEOK analyst ratings, with the most recent rating issued on 9/10/2026.

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ONEOK (OKE) Stock Forecast & Price Target