ONEOK (OKE) Stock Forecast & Price Target

$100.08 +2.42 (+2.48%)

(As of 12/20/2024 05:31 PM ET)

ONEOK - Analysts' Recommendations and Stock Price Forecast (2025)

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 16 Analyst Ratings

Sell
0

Hold
7

Buy
9

Based on 16 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 16 analysts, 7 have given a hold rating, and 9 have given a buy rating for OKE.

Consensus Price Target

$101.00
0.92% Upside

According to the 16 analysts' twelve-month price targets for ONEOK, the average price target is $101.00. 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 upside of 0.92% from the current price of $100.08.

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OKE Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 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	$101.00	$100.38	$92.38	$75.67
Forecasted Upside	0.92% Upside	-14.23% Downside	-3.04% Downside	7.85% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	2.56	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	0.92% Upside	1,671.86% Upside	14.54% 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
12/18/2024	Wells Fargo & Company 3 of 5 stars	M. Blum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$107.00 ➝ $107.00	+5.13%
12/3/2024	Truist Financial 2 of 5 stars		Boost Target	Hold ➝ Hold	$99.00 ➝ $107.00	-3.11%
11/26/2024	US Capital Advisors 5 of 5 stars	J. Carreker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
11/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$112.00 ➝ $132.00	+21.27%
11/7/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Moreen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
11/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$94.00 ➝ $99.00	+6.04%
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10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$105.00	+9.78%
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%
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 Sunday at 10:44 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 Friday, December 13, 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, Inc. has shown strong institutional interest, with 69.13% of its stock owned by institutional investors, indicating confidence in the company's future performance.
The company recently reported a solid market capitalization of approximately $61.41 billion, reflecting its significant size and stability in the utilities sector.
ONEOK, Inc. has a current stock price of $105.12, which is near its 52-week high of $118.07, suggesting strong market performance and potential for growth.
Despite missing earnings estimates, the company reported a net margin of 14.05% and a return on equity of 16.84%, indicating efficient management and profitability.
Recent investments from firms like Quadrature Capital Ltd, which acquired shares valued at approximately $1.72 million, highlight ongoing interest and potential for future growth.

ONEOK
Bear Case

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

ONEOK, Inc. reported earnings per share (EPS) of $1.18, which was below analysts' consensus estimate of $1.23, raising concerns about its ability to meet market expectations.
The company's revenue of $5.02 billion for the quarter fell short of the consensus estimate of $5.81 billion, indicating potential challenges in revenue generation.
With a debt-to-equity ratio of 1.59, the company has a relatively high level of debt compared to its equity, which could pose risks in times of economic downturns.
The stock has experienced volatility, with a beta of 1.69, suggesting that it is more volatile than the market, which could lead to higher risk for investors.
Recent selling by institutional investors, such as Duff & Phelps Investment Management Co. reducing its stake by 3.3%, may signal a lack of confidence in the stock's short-term performance.

OKE Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for ONEOK is $101.00, with a high forecast of $132.00 and a low forecast of $85.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OKE shares.
: According to analysts, ONEOK's stock has a predicted upside of 0.92% 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 Bank of America, Barclays, Mizuho, Royal Bank of Canada, Truist Financial, UBS Group, US Capital Advisors, 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 2.56 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how OKE compares to other companies.

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This page (NYSE:OKE) was last updated on 12/22/2024 by MarketBeat.com Staff

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ONEOK (OKE) Stock Forecast & Price Target