ONEOK Inc. ($OKE) Stock Forecast: Down 5.3% Today

What is ONEOK Inc.?

ONEOK Inc. (OKE) is a midstream energy company in the natural gas and NGLs sector. The company is known for its fee-based model, stability, and attractive dividend yield. Today, the stock witnessed a significant bearish movement.

Why is ONEOK Inc. going down?

OKE stock is down 5.3% on Apr 8, 2026 17:43

• 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.

OKE Price Chart

OKE Technical Analysis

OKE News

ClearBridge energy fund's top 10 holdings made up 73% of investments

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) announced its unaudited balance sheet information as of March 31, 2026, reporting net assets of $1.15 billion and a net asset value per share of $57.28. The fund's top ten equity holdings accounted for 73.1% of its total investments, with Targa Resources Corp. and Energy Transfer LP being the largest. The report also detailed the fund's asset coverage ratios and liabilities, providing transparency on its financial structure.

https://www.stocktitan.net/news/EMO/clear-bridge-energy-midstream-opportunity-fund-inc-announces-kuyw3p22b2nu.html

Jefferies raises ONEOK stock price target on crude upside potential

Jefferies has increased its price target for ONEOK Inc. (NYSE:OKE) to $100 from $98, maintaining a Buy rating. The firm sees ONEOK as a highly leveraged way to capitalize on crude-led macro upside, with recent dips due to ceasefire optimism presenting a good entry point. The company boasts strong year-to-date gains, a substantial dividend yield, and is considered undervalued by InvestingPro.

https://www.investing.com/news/analyst-ratings/jefferies-raises-oneok-stock-price-target-on-crude-upside-potential-93CH-4602386

Jefferies raises ONEOK stock price target on crude upside potential

Jefferies has raised its price target for ONEOK Inc (NYSE:OKE) shares to $100 from $98, maintaining a Buy rating. The firm views ONEOK as a highly leveraged way to capitalize on crude-led macro upside, with recent market weakness creating an attractive entry point despite potential near-term seasonality. ONEOK exhibits strong stock momentum, a significant dividend yield, and is seen as offering asymmetric upside due to its liquids exposure and operating leverage, especially if geopolitical risks persist.

https://m.investing.com/news/analyst-ratings/jefferies-raises-oneok-stock-price-target-on-crude-upside-potential-93CH-4602386?ampMode=1

ONEOK Inc stock: Morgan Stanley's bold $113 target signals upside potential

Morgan Stanley has raised its price target for ONEOK Inc. to $113 with an overweight rating, foreseeing a 25% upside due to strong earnings and growth prospects. ONEOK, a midstream energy leader focused on natural gas and NGLs, operates on a fee-based model, providing stability and an attractive dividend yield for global investors. Analysts maintain a generally optimistic outlook, highlighting the company's strategic positioning in high-growth areas and its robust financial health.

https://www.ad-hoc-news.de/boerse/news/ueberblick/oneok-inc-stock-morgan-stanley-s-bold-113-target-signals-upside/69102702

ONEOK (OKE) Stock: Morgan Stanley Raises Price Target to $113 |

Morgan Stanley has reiterated its "Overweight" rating for ONEOK (OKE) and increased its price target to $113, an 8.65% rise from the previous $104. This update reflects a positive outlook on the company's performance and follows other recent analyst upgrades from firms like Wells Fargo and Jefferies. The average target price from 21 analysts for ONEOK is $91.96, suggesting a slight upside from its current price, while GuruFocus estimates a fair value of $97.72.

https://www.gurufocus.com/news/8779284/oneok-oke-stock-morgan-stanley-raises-price-target-to-113-oke-stock-news

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ONEOK Inc. Price History

01.07.2025 - OKE Stock was down 5.4%

• Despite positive earnings expectations and growth outlook, Oneok (OKE) experienced a strong bearish movement today.
• The market may have reacted negatively to the actual earnings release not meeting the high expectations set by analysts and investors.
• Investors might have been disappointed by any guidance provided by the company that fell short of the optimistic projections.
• It's possible that broader market conditions or sector-specific challenges influenced the bearish movement in Oneok's stock price, despite the positive underlying fundamentals.

30.03.2025 - OKE Stock was down 5.5%

• Oneok (OKE) posted Q1 earnings that fell short of estimates by -15.45%, hinting at a weaker financial performance than anticipated.
• Despite surpassing the market performance in the last 5 years, with an average annual return of 25.36%, the recent earnings miss potentially sparked a bearish trend in the stock.
• Analyst forecasts for crucial metrics before the earnings announcement may have caused worries among investors, influencing the negative market sentiment surrounding OKE today.

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.

05.07.2025 - OKE Stock was down 5.0%

• Oneok Inc. (OKE) met Q2 earnings projections but had a -7.91% revenue deviation, potentially impacting the stock's downward trajectory.
• Beyond the expected earnings outcomes, investors seemed unimpressed with the company's overall performance, leading to a pessimistic view of the stock.
• While the stock had shown a positive trend of +2.03% in the previous trading session, this momentum was not sustained, hinting at a quick shift in market sentiment possibly due to concerns about revenue.
• Although there was a discrepancy with the broader market trend when Oneok Inc. (OKE) rose while the market fell in the prior trading day, the recent downward movement aligns the stock with the overall market correction.

05.07.2025 - OKE Stock was down 5.0%

• OKE's Q2 earnings meeting estimates and a significant revenue increase were not enough to prevent the bearish movement, indicating potential profit-taking by investors.
• The lowered 2025 net income guidance despite strong natural gas metrics may have raised concerns among investors about the company's future profitability.
• The stock's decline could also be attributed to investors focusing more on the -7.91% revenue surprise rather than the positive earnings surprise, leading to a negative sentiment towards the stock.
• OKE's stock movement against the market trend, ascending while the overall market falls, suggests that external factors beyond the company's performance may have influenced the bearish movement.

02.08.2025 - OKE Stock was down 1.6%

• A comparison with Energy Transfer may have exposed vulnerabilities in ONEOK's market standing, influencing bearish attitudes.
• Negative investor response to updates on ONEOK's midstream activities could signal sector-related difficulties.
• Market players could be apprehensive about ONEOK's capacity to stay competitive amid industry changes, impacting the bearish stock 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.

03.03.2025 - OKE Stock was down 5.4%

• The comparison between EPD and OKE might have sparked investor interest in evaluating OKE's value proposition, potentially leading to profit-taking.
• The slight -0.2% movement in OKE's stock price could indicate a minor correction or profit-taking after a period of growth.
• Investors may have reevaluated their positions in OKE based on the recent market conditions or industry-specific news, leading to the bearish movement.
• Overall, the bearish movement in OKE's stock price could be a result of profit-taking, market corrections, or investor sentiment influenced by the comparison with EPD.

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.