ONEOK (NYSE:OKE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

ONEOK (NYSE:OKE) had its price objective hoisted by JPMorgan Chase & Co. from $91.00 to $92.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.68% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Wells Fargo & Company lowered their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Wall Street Zen lowered ONEOK from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Finally, Morgan Stanley increased their price objective on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Down 0.5%

Shares of NYSE OKE traded down $0.43 during trading on Friday, reaching $85.44. The company had a trading volume of 1,814,623 shares, compared to its average volume of 4,853,976. ONEOK has a 12-month low of $64.02 and a 12-month high of $95.30. The stock has a market cap of $53.83 billion, a PE ratio of 15.24, a P/E/G ratio of 6.07 and a beta of 0.78. The business’s 50-day moving average is $87.19 and its 200 day moving average is $78.82. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts forecast that ONEOK will post 5.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zions Bancorporation National Association UT increased its position in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Winnow Wealth LLC purchased a new position in shares of ONEOK in the third quarter worth approximately $28,000. Elyxium Wealth LLC purchased a new position in shares of ONEOK in the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC bought a new stake in ONEOK during the fourth quarter valued at approximately $29,000. Finally, SRH Advisors LLC increased its holdings in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Company Profile

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.