ONEOK (OKE) Stock Forecast, Price Target & Predictions
OKE Stock Forecast
ONEOK stock forecast is as follows: an average price target of $79.00 (represents a -16.54% downside from OKE’s last price of $94.66) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
OKE Price Target
The average price target for ONEOK (OKE) is $79.00 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $111.00 to $57.00. This represents a potential -16.54% downside from OKE's last price of $94.66.
OKE Analyst Ratings
According to 13 Wall Street analysts, ONEOK's rating consensus is 'Buy'. The analyst rating breakdown for OKE stock is 0 'Strong Buy' (0.00%), 9 'Buy' (69.23%), 4 'Hold' (30.77%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
ONEOK Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 16, 2024 | Robert Kad | Morgan Stanley | $111.00 | $91.37 | 21.48% | 17.26% |
| Sep 10, 2024 | Stewart Glickman | CFRA | $97.00 | $92.07 | 5.35% | 2.47% |
| Sep 03, 2024 | Spiro Dounis | Citigroup | $102.00 | $92.36 | 10.44% | 7.75% |
| Aug 07, 2024 | Stewart Glickman | CFRA | $90.00 | $83.06 | 8.36% | -4.92% |
| Jul 30, 2024 | Neal Dingmann | Truist Financial | $83.00 | $82.79 | 0.25% | -12.32% |
| Jul 30, 2024 | Sunil Sibal | Seaport Global | $89.00 | $82.20 | 8.27% | -5.98% |
| Feb 08, 2024 | Sunil Sibal | Seaport Global | $76.00 | $68.97 | 10.19% | -19.71% |
| Oct 02, 2023 | Sector Outperform | Scotiabank | $78.00 | $61.75 | 26.31% | -17.60% |
| Dec 21, 2022 | - | Truist Financial | $73.00 | $64.70 | 12.83% | -22.88% |
| Dec 09, 2022 | - | Citigroup | $67.00 | $64.12 | 4.49% | -29.22% |
The latest ONEOK stock forecast, released on Sep 16, 2024 by Robert Kad from Morgan Stanley, set a price target of $111.00, which represents a 21.48% increase from the stock price at the time of the forecast ($91.37), and a 17.26% increase from OKE last price ($94.66).
ONEOK Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 6 | 8 |
| Avg Price Target | $103.33 | $95.33 | $90.75 |
| Last Closing Price | $94.66 | $94.66 | $94.66 |
| Upside/Downside | 9.16% | 0.71% | -4.13% |
In the current month, the average price target of ONEOK stock is $103.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 9.16% increase as opposed to ONEOK's last price of $94.66. This month's average price target is up 8.39% compared to last quarter, and up 13.86% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Sep 16, 2024 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| Sep 03, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 30, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 30, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 22, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Aug 07, 2024 | CFRA | Buy | Buy | Hold |
| Jul 30, 2024 | Seaport Global | Buy | Buy | Hold |
| Jun 10, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 02, 2024 | Bank of America Securities | Buy | Buy | Hold |
ONEOK's last stock rating was published by Barclays on Sep 16, 2024. The company gave OKE a "Equal-Weight" rating, the same as its previous rate.
ONEOK Financial Forecast
ONEOK Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.19B | $3.73B | $4.52B | $5.03B | $5.91B | - | $5.44B | $5.42B | $4.54B | $3.39B | $3.19B | $2.57B | $2.17B |
| Avg Forecast | $10.03B | $9.53B | $9.06B | $8.60B | $7.37B | $6.90B | $6.81B | $7.34B | $6.88B | $6.35B | $5.61B | $5.92B | $6.41B | $6.00B | $5.60B | $5.65B | $6.04B | $5.26B | $4.67B | $5.35B | $5.90B | $6.21B | $5.06B | $5.00B | $4.34B | $3.72B | $3.03B | $2.78B | $2.61B | $2.51B |
| High Forecast | $10.90B | $10.36B | $9.84B | $9.35B | $8.01B | $7.49B | $7.40B | $7.98B | $7.48B | $6.91B | $6.09B | $6.44B | $6.97B | $6.09B | $6.09B | $6.14B | $6.29B | $5.72B | $5.07B | $5.81B | $6.41B | $6.74B | $5.06B | $5.21B | $4.52B | $3.88B | $3.15B | $2.90B | $2.72B | $2.61B |
| Low Forecast | $9.16B | $8.71B | $8.27B | $7.86B | $6.73B | $6.30B | $6.22B | $6.71B | $6.29B | $5.80B | $5.12B | $5.41B | $5.86B | $5.92B | $5.12B | $5.16B | $5.79B | $4.81B | $4.26B | $4.88B | $5.39B | $5.67B | $5.06B | $4.71B | $4.09B | $3.51B | $2.85B | $2.62B | $2.46B | $2.36B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.80% | 0.80% | 0.85% | 0.85% | 0.95% | - | 1.09% | 1.25% | 1.22% | 1.12% | 1.15% | 0.99% | 0.87% |
ONEOK's average Quarter revenue forecast for Dec 23 based on 2 analysts is $6.04B, with a low forecast of $5.79B, and a high forecast of $6.29B. OKE's average Quarter revenue forecast represents a 44.18% increase compared to the company's last Quarter revenue of $4.19B (Sep 23).
ONEOK EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $557.00M | $963.00M | $1.71B | $949.84M | $887.19M | - | $837.56M | $841.14M | $851.79M | $792.95M | $849.87M | $733.91M | $745.39M |
| Avg Forecast | $2.43B | $2.31B | $2.19B | $2.08B | $1.78B | $1.67B | $1.65B | $1.78B | $1.66B | $1.54B | $1.36B | $1.43B | $1.55B | $1.45B | $1.36B | $1.04B | $1.46B | $1.27B | $1.13B | $944.21M | $1.43B | $881.27M | $1.22B | $858.37M | $879.09M | $801.15M | $783.64M | $751.49M | $772.97M | $638.05M |
| High Forecast | $2.64B | $2.51B | $2.38B | $2.26B | $1.94B | $1.81B | $1.79B | $1.93B | $1.81B | $1.67B | $1.47B | $1.56B | $1.69B | $1.47B | $1.47B | $1.25B | $1.52B | $1.38B | $1.23B | $1.13B | $1.55B | $1.06B | $1.22B | $1.03B | $1.05B | $961.38M | $940.37M | $901.79M | $927.56M | $765.67M |
| Low Forecast | $2.22B | $2.11B | $2.00B | $1.90B | $1.63B | $1.52B | $1.50B | $1.62B | $1.52B | $1.40B | $1.24B | $1.31B | $1.42B | $1.43B | $1.24B | $830.90M | $1.40B | $1.16B | $1.03B | $755.36M | $1.30B | $705.01M | $1.22B | $686.69M | $703.28M | $640.92M | $626.91M | $601.19M | $618.38M | $510.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.44% | 0.85% | 1.81% | 0.67% | 1.01% | - | 0.98% | 0.96% | 1.06% | 1.01% | 1.13% | 0.95% | 1.17% |
2 analysts predict OKE's average Quarter EBITDA for Dec 23 to be $1.46B, with a high of $1.52B and a low of $1.40B. This is 162.26% upper than ONEOK's previous annual EBITDA (Sep 23) of $557.00M.
ONEOK Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $454.00M | $468.00M | $1.05B | $484.92M | $431.75M | - | $391.17M | $379.37M | $392.02M | $342.14M | $386.18M | $308.03M | $312.32M |
| Avg Forecast | $891.41M | $937.98M | $856.56M | $791.94M | $885.14M | $894.23M | $838.74M | $801.68M | $930.64M | $887.14M | $853.49M | $848.94M | $803.06M | $750.98M | $709.26M | $483.95M | $700.57M | $628.02M | $599.35M | $439.96M | $597.14M | $405.24M | $512.79M | $399.96M | $396.42M | $368.40M | $337.64M | $341.04M | $324.91M | $266.24M |
| High Forecast | $991.95M | $1.04B | $953.16M | $881.26M | $984.96M | $995.08M | $933.33M | $892.10M | $1.04B | $987.19M | $949.75M | $944.68M | $893.62M | $792.70M | $789.25M | $580.74M | $752.68M | $698.85M | $666.95M | $527.95M | $664.48M | $486.29M | $512.79M | $479.95M | $475.71M | $442.08M | $405.16M | $409.25M | $389.89M | $319.48M |
| Low Forecast | $790.88M | $832.20M | $759.95M | $702.63M | $785.31M | $793.38M | $744.14M | $711.27M | $825.69M | $787.09M | $757.23M | $753.19M | $712.49M | $733.10M | $629.27M | $387.16M | $642.67M | $557.19M | $531.75M | $351.97M | $529.79M | $324.19M | $512.79M | $319.97M | $317.14M | $294.72M | $270.11M | $272.83M | $259.93M | $212.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 0.78% | 2.38% | 0.81% | 1.07% | - | 0.98% | 0.96% | 1.06% | 1.01% | 1.13% | 0.95% | 1.17% |
ONEOK's average Quarter net income forecast for Dec 23 is $700.57M, with a range of $642.67M to $752.68M. OKE's average Quarter net income forecast represents a 54.31% increase compared to the company's last Quarter net income of $454.00M (Sep 23).
ONEOK SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $698.49M | $663.57M | $630.40M | $598.88M | $512.78M | $480.00M | $473.88M | $511.18M | $479.09M | $442.34M | $390.37M | $412.25M | $446.40M | $417.90M | $390.09M | $393.16M | $420.42M | $366.32M | $324.96M | $372.29M | $410.47M | $431.96M | $352.23M | $272.37M | $236.46M | $202.77M | $164.96M | $151.57M | $142.11M | $136.76M |
| High Forecast | $759.09M | $721.14M | $685.09M | $650.84M | $557.26M | $521.64M | $514.99M | $555.52M | $520.65M | $480.71M | $424.24M | $448.01M | $485.12M | $423.61M | $423.94M | $427.26M | $437.78M | $398.10M | $353.15M | $404.59M | $446.08M | $469.43M | $352.23M | $283.88M | $246.46M | $211.34M | $171.93M | $157.97M | $148.11M | $142.54M |
| Low Forecast | $637.90M | $606.01M | $575.71M | $546.93M | $468.29M | $438.36M | $432.77M | $466.83M | $437.52M | $403.96M | $356.51M | $376.49M | $407.67M | $412.18M | $356.25M | $359.05M | $403.06M | $334.54M | $296.76M | $339.99M | $374.86M | $394.49M | $352.23M | $256.75M | $222.90M | $191.14M | $155.50M | $142.87M | $133.95M | $128.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ONEOK's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to OKE last annual SG&A of $NaN (undefined).
ONEOK EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 2 | 8 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.04 | $2.34 | $1.08 | $0.96 | - | $0.87 | $0.85 | $0.88 | $0.77 | $0.87 | $0.69 | $0.70 |
| Avg Forecast | $1.52 | $1.60 | $1.46 | $1.35 | $1.51 | $1.53 | $1.43 | $1.37 | $1.59 | $1.51 | $1.46 | $1.45 | $1.37 | $1.28 | $1.21 | $1.15 | $1.20 | $1.07 | $1.02 | $2.18 | $1.02 | $0.97 | $0.88 | $0.91 | $0.89 | $0.83 | $0.75 | $0.77 | $0.73 | $0.61 |
| High Forecast | $1.69 | $1.78 | $1.63 | $1.50 | $1.68 | $1.70 | $1.59 | $1.52 | $1.77 | $1.69 | $1.62 | $1.61 | $1.53 | $1.35 | $1.35 | $1.28 | $1.28 | $1.19 | $1.14 | $2.43 | $1.13 | $1.08 | $0.88 | $0.96 | $0.94 | $0.88 | $0.79 | $0.81 | $0.77 | $0.64 |
| Low Forecast | $1.35 | $1.42 | $1.30 | $1.20 | $1.34 | $1.35 | $1.27 | $1.21 | $1.41 | $1.34 | $1.29 | $1.29 | $1.22 | $1.25 | $1.07 | $1.02 | $1.10 | $0.95 | $0.91 | $1.94 | $0.90 | $0.86 | $0.88 | $0.84 | $0.82 | $0.77 | $0.69 | $0.71 | $0.68 | $0.56 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.07% | 1.06% | 0.99% | - | 0.96% | 0.96% | 1.06% | 1.03% | 1.13% | 0.94% | 1.16% |
According to 1 Wall Street analysts, ONEOK's projected average Quarter EPS for Sep 23 is $1.07, with a low estimate of $0.95 and a high estimate of $1.19. This represents a 3.08% increase compared to OKE previous annual EPS of $1.04 (Jun 23).
ONEOK Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ENB | Enbridge | $40.82 | $44.17 | 8.21% | Hold |
| EPD | Enterprise Products Partners | $29.52 | $30.50 | 3.32% | Buy |
| ET | Energy Transfer LP | $16.02 | $16.00 | -0.12% | Buy |
| KMI | Kinder Morgan | $21.56 | $20.57 | -4.59% | Hold |
| PAA | Plains All American Pipeline | $17.79 | $15.58 | -12.42% | Hold |
| MPLX | MPLX LP | $43.86 | $38.30 | -12.68% | Buy |
| WMB | Williams Companies | $45.53 | $39.00 | -14.34% | Hold |
| OKE | ONEOK | $94.66 | $79.00 | -16.54% | Buy |
OKE Forecast FAQ
Is ONEOK a good buy?
Yes, according to 13 Wall Street analysts, ONEOK (OKE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 69.23% of OKE's total ratings.
What is OKE's price target?
ONEOK (OKE) average price target is $79 with a range of $57 to $111, implying a -16.54% from its last price of $94.66. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will ONEOK stock go up soon?
According to Wall Street analysts' prediction for OKE stock, the company can go down by -16.54% (from the last price of $94.66 to the average price target of $79), up by 17.26% based on the highest stock price target, and down by -39.78% based on the lowest stock price target.
Can ONEOK stock reach $140?
OKE's average twelve months analyst stock price target of $79 does not support the claim that ONEOK can reach $140 in the near future.
What is ONEOK's current price target trend?
3 Wall Street analysts forecast a $103.33 price target for ONEOK (OKE) this month, up 9.16% from its last price of $94.66. Compared to the last 3 and 12 months, the average price target increased by 0.71% and decreased by -4.13%, respectively.
What are ONEOK's analysts' financial forecasts?
ONEOK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $28.41B (high $30.88B, low $25.95B), average EBITDA is $6.87B (high $7.47B, low $6.28B), average net income is $3.42B (high $3.81B, low $3.03B), average SG&A $1.98B (high $2.15B, low $1.81B), and average EPS is $5.84 (high $6.5, low $5.18). OKE's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $37.23B (high $40.46B, low $34B), average EBITDA is $9B (high $9.79B, low $8.22B), average net income is $3.48B (high $3.87B, low $3.09B), average SG&A $2.59B (high $2.82B, low $2.37B), and average EPS is $5.94 (high $6.61, low $5.27).
Did the OKE's actual financial results beat the analysts' financial forecasts?
Based on ONEOK's last annual report (Dec 2023), the company's revenue was $17.68B, which missed the average analysts forecast of $21.32B by -17.08%. Apple's EBITDA was $3.4B, missing the average prediction of $4.81B by -29.27%. The company's net income was $2.66B, beating the average estimation of $2.37B by 12.29%. Apple's SG&A was $0, missing the average forecast of $1.48B by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $5.48 by -100.00%. In terms of the last quarterly report (Sep 2023), ONEOK's revenue was $4.19B, missing the average analysts' forecast of $5.26B by -20.40%. The company's EBITDA was $557M, missing the average prediction of $1.27B by -56.24%. ONEOK's net income was $454M, missing the average estimation of $628.02M by -27.71%. The company's SG&A was $0, missing the average forecast of $366.32M by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $1.07 by -100.00%