DailyIQ
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Sector:EnergyAll sectors
Last updated 2 minutes ago

OKE·ONEOK, Inc.

$.
-. (-.%)
After Hours
High
$93.99
Open
$93.56
Market Cap
59.35B
52W High
$96.07
Low
$91.61
P. Close
$91.84
P/E
16.81
52W Low
$64.02
Fwd P/E
66.24
DailyIQ Est.
$97.12
Technical Score (1D)
82
BUY
News Sentiment
79
BULLISH
RBC has lifted ONEOK’s price target to $90 from $84, a move that signals renewed confidence in the company’s operational performance and potential revenue growth. The upgrade reflects expectations that ONEOK will benefit from favorable market conditions and its strategic initiatives, such as expanding midstream infrastructure and optimizing asset utilization. For the next 1–10 trading days, the market may adjust valuations and trading ranges in response to the new target, potentially tightening the bid‑ask spread. Investors should watch for ONEOK’s upcoming earnings report to confirm whether revenue growth aligns with the higher target. They should also monitor any updates on capital allocation plans, including dividend adjustments or share‑buyback announcements, which could influence investor sentiment. The sector‑perform rating indicates that ONEOK is expected to outperform its peers, making it an attractive relative‑value play for traders. If the earnings guidance confirms the projected upside, the stock could experience upward momentum as the market incorporates the new valuation. Conversely, any deviation from the expected performance could prompt a reassessment of the target and a potential pullback. Keep an eye on broader pipeline and regulatory developments that could impact the midstream sector, as these factors may alter the company’s growth trajectory.
Earnings Summary
ONEOK, Inc. (OKE) is a leading midstream energy company that gathers, processes, transports, and stores natural gas and natural gas liquids across key U.S. production regions, including the Mid‑Continent, Permian Basin, and Rocky Mountains, thereby linking producers with end‑users such as utilities and refining businesses. The company’s extensive pipeline networks and processing facilities place it firmly within the oil & gas midstream sector. In the most recent reporting cycle, OKE posted Q4 2025 revenue of $9.065 billion, up from $8.634 billion in Q3 2025, and an EPS of $1.55 that beat the $1.49376 estimate, while Q1 2026 revenue rose to $9.618 billion, a notable increase over the $9.065 billion of Q4 2025, and an EPS of $1.30 that fell short of the $1.30939 forecast, marking the only earnings miss in the last four quarters. The company has consistently exceeded earnings estimates in all quarters except the Q1 2026 miss, and revenue has shown a steady upward trajectory, with a YoY jump from $7.0 billion in Q4 2024 to $9.065 billion in Q4 2025 and further to $9.618 billion in Q1 2026, while EPS has trended upward from $1.57 in Q4 2024 to $1.55 in Q4 2025 before the Q1 2026 dip. Recent analyst commentary reflects a mixed view: Jefferies downgraded OKE to Hold and trimmed its target price to $95, citing concerns over earnings outlook and capital‑expenditure profile, whereas TD Cowen and JPMorgan maintained or raised their targets, underscoring confidence in steady cash flows and dividend growth. Investors should watch the upcoming Q2 2026 earnings release for guidance on capital expenditures, pipeline expansion plans, and margin performance, as well as any regulatory updates that could affect pipeline operations; these factors will be key indicators of OKE’s ability to sustain revenue growth and manage cost pressures. The company’s dividend of $1.07 per share remains unchanged, reinforcing its commitment to a stable income stream, but any shift in cap‑ex or regulatory environment could influence the valuation narrative in the near term. Additionally, the inclusion of OKE in the Russell 1000 Defensive and Value Defensive indexes may attract income‑focused funds, potentially moderating short‑term volatility.

EPS

EstBeatMiss
$0.96$1.13$1.29$1.46$1.63Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.39 - -
Q1'26$1.31$1.30-0.7%
Q4'25$1.49$1.55+3.8%
Q3'25$1.45$1.49+2.5%
Q2'25$1.33$1.34+0.9%
Q1'25$1.23$1.04-15.3%

Revenue

EstBeatMiss
$7.6B$8.2B$8.8B$9.3B$9.9BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$9.0B - -
Q1'26$8.2B$9.6B+16.8%
Q4'25$8.7B$9.1B+3.6%
Q3'25 - $8.6B -
Q2'25 - $7.9B -
Q1'25 - $8.0B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

OKE Stock Snapshot

OKE is currently trading at $91.65, giving ONEOK, Inc. a market cap of 59.35B and a P/E ratio of 16.8. Today's range spans $91.61–$93.99, with shares opening at $93.56 and moving down $0.19 (0.2%) from the prior close. DailyIQ's technical score sits at 82/100 (BUY) with a news sentiment reading of 79/100.

Over the past year OKE has traded between $64.02 and $96.07 - the current price is +43.2% off the 52-week low and -4.6% from the high. 31 analysts cover the stock with a Hold consensus and a mean 12-month target of $95.76 (range $84.00–$113.00), implying upside of +4.5%.

ONEOK, Inc. (OKE) sits at $91.65 (in the upper portion of its 52-week range within $64.02–$96.07), scoring 82/100 (BUY) with bullish sentiment at 79/100. At 59.35B in Energy market cap (P/E: 16.8), this large-cap is right in the zone where buy-side analysts get excited and allocation committees approve new position additions. A bullish technical phase with sentiment confirmation is the green light most of them are looking for.

Earnings revision cycles in large-cap Energy names tend to compound: when technicals confirm a BUY thesis (82/100) and news sentiment (79/100, bullish) supports the narrative, analyst upgrades follow price rather than lead it. At $91.65 (in the upper portion of its 52-week range), OKE's position within the $64.02–$96.07 annual range suggests there's room for multiple expansion before the stock encounters meaningful technical resistance.