ONEOK (OKE) Stock Forecast & Price Target

$113.16 +0.05 (+0.04%)

(As of 11/20/2024 ET)

ONEOK - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
7

Buy
10

Based on 17 Wall Street analysts who have issued ratings for ONEOK in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 7 have given a hold rating, and 10 have given a buy rating for OKE.

Consensus Price Target

$100.38
-11.29% Downside

According to the 17 analysts' twelve-month price targets for ONEOK, the average price target is $100.38. The highest price target for OKE is $132.00, while the lowest price target for OKE is $85.00. The average price target represents a forecasted downside of -11.29% from the current price of $113.16.

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OKE Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)	6 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$100.38	$94.77	$86.58	$75.00
Forecasted Upside	-11.29% Downside	-2.69% Downside	-1.69% Downside	12.51% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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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	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.59	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-11.29% Downside	1,433.26% Upside	9.81% 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

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/15/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$112.00 ➝ $132.00	+21.27%
11/7/2024	Mizuho 2 of 5 stars	G. Moreen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
11/4/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$94.00 ➝ $99.00	+6.04%
11/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $107.00	+14.32%
10/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$83.00 ➝ $99.00	+2.79%
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$105.00	+9.78%
Get the Latest News and Ratings for OKE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ONEOK and its competitors with MarketBeat's FREE daily newsletter.
10/16/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$89.00 ➝ $98.00	+2.28%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$103.00 ➝ $111.00	+21.48%
9/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $102.00	+11.83%
8/30/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$88.00 ➝ $102.00	+11.48%
7/18/2024	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating	Z. Van. Everen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
6/26/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$89.00 ➝ $92.00	+13.55%
4/16/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$81.00 ➝ $88.00	+13.04%
3/20/2024	US Capital Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Carreker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Hold
2/8/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Sibal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
1/19/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $85.00	+19.30%
1/10/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
10/3/2023	Pickering Energy Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:04 AM 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, October 27, 2024. 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's stock price has been steadily increasing, reaching $93.55 on the latest trading day, indicating positive momentum.
ONEOK reported strong quarterly earnings results, surpassing analysts' expectations with $1.33 EPS for the quarter.
Analysts have raised price targets for ONEOK, with Barclays increasing the target to $94.00, suggesting further potential upside.
Multiple brokerages have given ONEOK a positive rating, with some upgrading the stock to "overweight" and "buy" ratings.
ONEOK has a solid return on equity of 15.54% and a healthy net margin of 13.41%, indicating efficient operations.

ONEOK
Bear Case

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

ONEOK's stock has a relatively high price-to-earnings ratio of 21.62, which may indicate the stock is currently overvalued.
The company's P/E/G ratio of 4.47 suggests that the stock may be overpriced relative to its expected growth rate.
ONEOK's debt-to-equity ratio of 1.22 is higher than industry averages, indicating higher financial leverage.
The current ratio of 0.62 and quick ratio of 0.41 may raise concerns about the company's short-term liquidity position.
While the stock has seen recent positive performance, the beta of 1.67 indicates higher volatility compared to the market average.

OKE Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for ONEOK is $100.38, with a high forecast of $132.00 and a low forecast of $85.00.
: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" OKE shares.
: According to analysts, ONEOK's stock has a predicted downside of -11.29% based on their 12-month stock forecasts.
: Over the previous 90 days, ONEOK's stock had 2 upgrades by analysts.
: ONEOK has been rated by research analysts at Bank of America, Barclays, Citigroup, Mizuho, Morgan Stanley, Royal Bank of Canada, Scotiabank, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like ONEOK less than other "oils/energy" companies. The consensus rating score for ONEOK is 2.59 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how OKE compares to other companies.

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This page (NYSE:OKE) was last updated on 11/21/2024 by MarketBeat.com Staff

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ONEOK (OKE) Stock Forecast & Price Target