ONEOK Inc. ($OKE) Stock Forecast: Down 5.7% Today

What is ONEOK Inc.?

ONEOK (OKE) is an American natural gas distributor involved in various aspects of the natural gas and refined petroleum products industry. The stock experienced a notable downward trend today.

Why is ONEOK Inc. going down?

OKE stock is down 5.7% on May 6, 2026 17:16

• An adjustment in ONEOK's price target to $97 by Citigroup, reflecting optimism, did not align with the market's bearish response.
• ONEOK, despite demonstrating robust revenue and maintaining its FY2026 guidance, fell short of Q1 EPS estimates, potentially contributing to the bearish market movement.
• Institutional investors such as Garner Asset Management Corp and Varma Mutual Pension Insurance Co increased their investments in ONEOK, displaying confidence in the company; nonetheless, market sentiment remained negative.
• The issuance of "Hold" ratings and modifications in target prices by Freedom Capital Markets could have introduced uncertainties for investors, potentially influencing the stock's bearish performance.

OKE Price Chart

OKE Technical Analysis

OKE News

Citigroup Adjusts Price Target on ONEOK to $97 From $95

Citigroup has adjusted its price target for ONEOK (OKE) to $97, an increase from its previous target of $95. This news was reported by MT Newswires. ONEOK is an American natural gas distributor with diverse operations in gathering, processing, transportation, storage, and distribution of natural gas and refined petroleum products.

https://www.marketscreener.com/news/citigroup-adjusts-price-target-on-oneok-to-97-from-95-ce7f58d2da89ff22

Garner Asset Management Corp Has $3.08 Million Stake in ONEOK, Inc. $OKE

Garner Asset Management Corp significantly increased its stake in ONEOK, Inc. (NYSE:OKE) by 62.1% in Q4, now holding 41,913 shares valued at $3.08 million, making it a key part of their portfolio. Despite missing Q1 EPS estimates, ONEOK reported strong revenue and maintains FY2026 guidance, while analysts largely rate the stock as "Hold" with an average price target of $91.19. The company also declared a quarterly dividend of $1.07 per share, offering an annualized yield of 4.8%.

https://www.marketbeat.com/instant-alerts/filing-garner-asset-management-corp-has-308-million-stake-in-oneok-inc-oke-2026-05-06/

Freedom Capital Markets Initiates ONEOK Inc(OKE.US) With Hold Rating, Announces Target Price $102

Freedom Capital Markets has initiated coverage on ONEOK Inc (OKE.US) with a "Hold" rating. The firm has set a target price of $102 for the company's stock. This new rating and price target provide an updated perspective on ONEOK's valuation in the market.

https://news.futunn.com/en/post/72557686/freedom-capital-markets-initiates-oneok-inc-okeus-with-hold-rating

Freedom Capital Markets Initiates ONEOK Inc(OKE.US) With Hold Rating, Announces Target Price $102

Freedom Capital Markets has initiated coverage on ONEOK Inc (OKE.US) with a "Hold" rating. The firm has set a target price of $102 for the company's stock. This indicates a neutral outlook on ONEOK's near-term performance.

https://www.moomoo.com/news/post/69412649/freedom-capital-markets-initiates-oneok-inc-okeus-with-hold-rating

Varma Mutual Pension Insurance Co Has $13.35 Million Stake in ONEOK, Inc. $OKE

Varma Mutual Pension Insurance Co increased its stake in ONEOK, Inc. by 8.4% in the fourth quarter of the previous year, now holding 181,662 shares valued at $13.35 million. Institutional investors collectively own about 69.13% of ONEOK. The company reported quarterly EPS of $1.23, slightly missing estimates, but announced a quarterly dividend of $1.07, providing an annualized yield of 4.7%.

https://www.marketbeat.com/instant-alerts/filing-varma-mutual-pension-insurance-co-has-1335-million-stake-in-oneok-inc-oke-2026-05-05/

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ONEOK Inc. Price History

08.03.2026 - OKE Stock was down 5.4%

• ONEOK stock faced significant bearish movement, despite positive developments and analyst upgrades. Notably, price targets were raised to $113 by both Jefferies and Morgan Stanley.
• The stock's decline seemed to be a result of profit-taking following a series of consecutive gains, during which it outperformed competitors on a day with mixed trading activity.
• Investor response may have been influenced by concerns about near-term seasonality and general market weakness, as mentioned by Jefferies, prompting a temporary setback in the stock price.
• Despite the day's bearish trend, ONEOK's strong long-term growth potential and sound financial position position it as an interesting stock to monitor for potential buying opportunities.

08.03.2026 - OKE Stock was down 5.3%

• Despite positive analyst sentiments and raised price targets from reputable firms, ONEOK Inc. encountered a bearish market movement today.
• The raised price targets were attributed to the company's strong earnings, growth prospects, and leverage on crude-led macro upside, suggesting a favorable outlook.
• The market movement might be linked to broader market trends, potential profit-taking actions by investors following recent gains, or geopolitical uncertainties affecting the energy sector.
• Investors could be responding to short-term seasonality concerns highlighted by analysts, causing a transient decline in the stock price despite its promising long-term growth potential.

06.04.2026 - OKE Stock was down 5.7%

• An adjustment in ONEOK's price target to $97 by Citigroup, reflecting optimism, did not align with the market's bearish response.
• ONEOK, despite demonstrating robust revenue and maintaining its FY2026 guidance, fell short of Q1 EPS estimates, potentially contributing to the bearish market movement.
• Institutional investors such as Garner Asset Management Corp and Varma Mutual Pension Insurance Co increased their investments in ONEOK, displaying confidence in the company; nonetheless, market sentiment remained negative.
• The issuance of "Hold" ratings and modifications in target prices by Freedom Capital Markets could have introduced uncertainties for investors, potentially influencing the stock's bearish performance.

24.01.2026 - OKE Stock was down 6.6%

• The decline in ONEOK's stock price is linked to a notable reduction in its natural gas transportation segment's earnings following the 2024 divestiture of an interstate pipeline network.
• Despite outperforming Q4 earnings and revenue expectations, ONEOK's projection for full-year net income fell below estimates, while its FY2026 EPS guidance slightly missed Street forecasts, potentially influencing negative market sentiment.
• Kovitz Investment Group Partners LLC divesting shares and reducing its stake in ONEOK, Inc. might have further impacted the stock price.
• Despite its strong financial performance, concerns about future earnings and the consequences of the pipeline divestiture on profitability likely drove the bearish market sentiment.

24.01.2026 - OKE Stock was down 5.1%

• Despite ONEOK reporting strong Q4 2025 results and exceeding earnings estimates, the stock experienced a 6.5% decline due to concerns over the company's 2026 guidance and capital expenditure outlook.
• Investors reacted negatively to the expectations of moderating producer activity and higher reinvestment needs, which overshadowed the positive financial performance.
• Institutional investors adjusting their positions in ONEOK, with some selling shares and others increasing stakes, added to the market volatility surrounding the stock.
• The market's focus on the company's cautious outlook for 2026, despite a dividend increase and strong financial results, contributed to the bearish movement in ONEOK's stock price.

01.03.2026 - OKE Stock was down 5.5%

• OKE's stock declined by 2.76% to $90.39, in contrast to the broader market's gains.
• Despite this recent decline, OKE shares have appreciated by 7.94% over the past month, showing positive momentum.
• The market may have responded negatively to OKE's financial outlook for 2026, which, while optimistic, might not have aligned with investors' expectations.
• Investors are advised to monitor the upcoming earnings results, as analysts are projecting robust year-over-year growth that could potentially reverse the current bearish trend.

30.03.2026 - OKE Stock was up 1.3%

• An investment firm significantly increased its stake in ONEOK, Inc., indicating growing confidence in the company's future prospects.
• Despite missing Q1 EPS estimates, ONEOK's strong revenue performance and raised guidance for FY2026 have bolstered investor sentiment.
• Analysts have mixed ratings on the stock, with price targets ranging from $85 to $99, reflecting differing opinions on its valuation.
• A financial institution's price target increase to $99 underscores the positive market sentiment towards ONEOK, driven by strong Q1 results and improved full-year guidance.

31.02.2026 - OKE Stock was down 4.9%

• OKE stock observed a downward trend, declining by 1.06% to $92.96, marking the end of a seven-day period of gains.
• The downturn in OKE's performance could be linked to comparisons with Energy Transfer (ET), which is presently viewed as providing a more attractive investment option due to its robust earnings growth prospects and superior stock performance.
• The market's movements could have been influenced by broader industry trends, including the rising demand for power and natural gas driven by artificial intelligence and digitization, as evidenced by the growth of the Alerian Energy Infrastructure ETF (ENFR).
• Despite the recent drop in stock value, the increased institutional ownership of OKE and the raised quarterly dividend could potentially position the company favorably for a future recovery.

06.04.2026 - OKE Stock was down 5.1%

• Garner Asset Management Corp significantly increased its stake in ONEOK, Inc., indicating confidence in the company's long-term prospects. However, the overall market sentiment seems to have been impacted by the missed Q1 EPS estimates.
• A firm initiated coverage on ONEOK with a "Hold" rating and a target price of $102, suggesting a neutral outlook on the stock's near-term performance. This could have contributed to the bearish movement as investors may be adopting a wait-and-see approach.
• Another institution also increased its stake in ONEOK, Inc., reflecting institutional confidence in the company despite the slight miss on quarterly EPS estimates.
• An entity acquiring shares of ONEOK, Inc. might not have been sufficient to counterbalance the overall market sentiment influenced by the mixed analyst ratings and the missed Q1 EPS estimates, leading to the bearish movement in the stock price today.