Jefferies Financial Group Forecasts Strong Price Appreciation for ONEOK (NYSE:OKE) Stock

ONEOK (NYSE:OKE) had its price objective increased by investment analysts at Jefferies Financial Group from $98.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 16.05% from the stock’s previous close.

A number of other brokerages have also weighed in on OKE. Mizuho set a $89.00 target price on shares of ONEOK in a research note on Monday, February 23rd. Scotiabank reiterated an “outperform” rating and set a $91.00 target price on shares of ONEOK in a research note on Friday, January 16th. Truist Financial began coverage on shares of ONEOK in a research note on Tuesday, March 24th. They set a “hold” rating and a $91.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered shares of ONEOK from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $87.00 to $83.00 in a research note on Tuesday, January 27th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.63.

ONEOK Price Performance

Shares of OKE opened at $86.17 on Wednesday. The firm has a market cap of $54.29 billion, a PE ratio of 15.90, a P/E/G ratio of 6.57 and a beta of 0.84. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The firm has a fifty day simple moving average of $86.01 and a two-hundred day simple moving average of $76.82. ONEOK has a 1-year low of $64.02 and a 1-year high of $95.30.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the previous year, the business earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities analysts anticipate that ONEOK will post 5.07 EPS for the current year.

Institutional Investors Weigh In On ONEOK

A number of hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its position in shares of ONEOK by 17.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 395,776 shares of the utilities provider’s stock valued at $29,090,000 after acquiring an additional 59,666 shares during the period. World Investment Advisors grew its position in shares of ONEOK by 78.8% during the 4th quarter. World Investment Advisors now owns 20,615 shares of the utilities provider’s stock valued at $1,515,000 after acquiring an additional 9,083 shares during the period. Brighton Securities CORP. grew its position in shares of ONEOK by 58.4% during the 4th quarter. Brighton Securities CORP. now owns 5,355 shares of the utilities provider’s stock valued at $394,000 after acquiring an additional 1,975 shares during the period. Worthington Financial Partners LLC bought a new stake in shares of ONEOK during the 4th quarter valued at $220,000. Finally, Pure Financial Advisors LLC grew its position in shares of ONEOK by 6.7% during the 4th quarter. Pure Financial Advisors LLC now owns 6,810 shares of the utilities provider’s stock valued at $501,000 after acquiring an additional 428 shares during the period. Institutional investors own 69.13% of the company’s stock.

About ONEOK

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.