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

ONEOK (NYSE:OKE) was downgraded by stock 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.

Other equities research analysts also recently issued research reports about the stock. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wells Fargo & Company reduced their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Finally, Morgan Stanley lifted their price objective on ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

ONEOK Stock Down 1.4%

Shares of NYSE:OKE opened at $94.69 on Thursday. The firm has a market capitalization of $59.69 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. ONEOK has a 1 year low of $64.02 and a 1 year high of $97.90. The firm’s 50-day moving average is $90.03 and its two-hundred day moving average is $88.16.

ONEOK (NYSE:OKE) last issued its earnings results 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. The firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter last year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts predict that ONEOK will post 5.82 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OKE. Capital International Investors bought a new stake in ONEOK in the 4th quarter valued at $586,500,000. Norges Bank bought a new position in ONEOK during the fourth quarter worth about $564,867,000. BlackRock Inc. raised its stake in ONEOK by 8.7% during the 2nd quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock worth $5,610,887,000 after buying an additional 5,148,768 shares during the period. Legal & General Group Plc acquired a new position in shares of ONEOK in the second quarter valued at approximately $389,985,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in ONEOK in the 2nd quarter valued at approximately $335,958,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting ONEOK

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.