ONEOK (NYSE:OKE) Downgraded by US Capital Advisors to Moderate Buy

ONEOK (NYSE:OKE) was downgraded by research analysts at US Capital Advisors from a “strong-buy” rating to a “moderate buy” rating in a note issued to investors on Thursday,Zacks.com reports. US Capital Advisors also issued estimates for ONEOK’s Q3 2026 earnings at $1.56 EPS, Q4 2026 earnings at $1.52 EPS, FY2026 earnings at $5.90 EPS, Q1 2027 earnings at $1.51 EPS, Q2 2027 earnings at $1.57 EPS, Q3 2027 earnings at $1.63 EPS, Q4 2027 earnings at $1.66 EPS, FY2027 earnings at $6.36 EPS and FY2028 earnings at $7.22 EPS.

Several other brokerages have also issued reports on OKE. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price target on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Barclays decreased their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.94.

ONEOK Stock Performance

Shares of ONEOK stock opened at $94.69 on Thursday. ONEOK has a one year low of $64.02 and a one year high of $97.90. The business has a 50-day simple moving average of $90.03 and a 200 day simple moving average of $88.16. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. The firm has a market capitalization of $59.69 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.69 and a beta of 0.73.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The business had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same period last year, the business earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, research analysts anticipate that ONEOK will post 5.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ONEOK

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zions Bancorporation National Association UT increased its position in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares during the period. Pin Oak Investment Advisors Inc. purchased a new position in ONEOK in the second quarter valued at $28,000. Elyxium Wealth LLC purchased a new position in ONEOK during the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC acquired a new stake in ONEOK in the 4th quarter valued at $29,000. Finally, Transamerica Financial Advisors LLC increased its stake in shares of ONEOK by 69.6% during the second quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 149 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors lifted earnings forecasts across multiple periods. The firm raised its Q3 2026 EPS estimate to $1.56 from $1.45 and its FY2026 forecast to $5.90 from $5.67, above the broader consensus of $5.82. It also increased FY2027 EPS to $6.36 from $6.12 and FY2028 EPS to $7.22 from $6.97. Estimates for each quarter of 2027 were also raised, signaling stronger expected operating performance. ONEOK analyst estimates
• Positive Sentiment: Analyst sentiment remains favorable. ONEOK has received a consensus “Moderate Buy” rating, while a Morgan Stanley analyst reportedly expects the stock to rise. These views reinforce the bullish impact of the upgraded earnings outlook. ONEOK consensus rating Morgan Stanley ONEOK outlook
• Positive Sentiment: Investors are highlighting ONEOK’s durable growth and income profile. A recent investment article described the high-yield pipeline operator as stronger than many investors recognize, supporting continued interest in the shares. High-yield pipeline stock investors keep underestimating
• Neutral Sentiment: Market momentum is supportive but raises valuation sensitivity. OKE is trading near its 52-week high and above both its 50-day and 200-day moving averages. Its beta of 0.73 may appeal to investors seeking lower volatility, although the stock’s 16.33 price-to-earnings ratio and debt-to-equity ratio of 1.34 could limit upside if earnings upgrades do not materialize.

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.