ONEOK Inc. ($OKE) Stock Forecast: Down 1.7% Today

What is ONEOK Inc.?

ONEOK, Inc. ($OKE) operates in the midstream energy sector, focusing on natural gas gathering, processing, liquids, and pipelines. In the recent quarter, the company's earnings fell short of estimates but beat revenue expectations.

Why is ONEOK Inc. going down?

OKE stock is down 1.7% on Jun 11, 2026 17:51

• A major institutional investor, Deutsche Bank AG, reduced its stake in ONEOK, Inc. by 25.9%, potentially leading to a bearish trend in the stock.
• Analysts' opinions on the stock vary, with a consensus "Hold" rating and an average target price of $91.88, contributing to downward pressure.
• Despite BofA reiterating a "Buy" rating and increasing the price target, market sentiment appears to have been more influenced by Deutsche Bank AG's reduced stake and the earnings miss.
• The market movement might also reflect wider uncertainties regarding hedging and commodity volatility in the energy sector, as highlighted by Truist, despite ONEOK, Inc.'s strong industry position.

OKE Price Chart

OKE Technical Analysis

OKE News

LPL Financial LLC Raises Position in Enterprise Products Partners L.P. $EPD

LPL Financial LLC increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by

https://www.marketbeat.com/instant-alerts/filing-lpl-financial-llc-raises-position-in-enterprise-products-partners-lp-epd-2026-06-11/

Deutsche Bank AG Has $306.75 Million Holdings in ONEOK, Inc. $OKE

Deutsche Bank AG significantly reduced its stake in ONEOK, Inc. by 25.9% in the fourth quarter, selling 1,459,568 shares but still retaining 4,173,484 shares valued at approximately $306.75 million. Other institutional investors have adjusted their holdings, while analyst sentiment on ONEOK remains mixed, with a consensus "Hold" rating and an average price target of $91.88. ONEOK recently reported Q1 earnings of $1.23 per share, missing estimates, yet revenue exceeded expectations at $9.62 billion, and the company offers a 4.7% dividend yield.

https://www.marketbeat.com/instant-alerts/filing-deutsche-bank-ag-has-30675-million-holdings-in-oneok-inc-oke-2026-06-11/

ONEOK Inc. stock (US6826801036): pipeline giant in focus after Magellan merger and dividend story

ONEOK Inc. remains a key focus for energy investors following its multi-billion dollar acquisition of Magellan Midstream Partners, which has transformed the company into a larger, more diversified pipeline and midstream operator. The company's core business model focuses on fee-based contracts for natural gas, natural gas liquids, and now refined products and crude oil transportation, supporting a robust dividend profile. Future performance hinges on successful integration, capital spending, and the broader trajectory of US energy demand and exports.

https://www.ad-hoc-news.de/boerse/news/ueberblick/oneok-inc-stock-us6826801036-pipeline-giant-in-focus-after-magellan/69517263

Dividend Safety Check: EINC and Energy Infrastructure Income

The VanEck Energy Income ETF (EINC) offers a 3.2% to 3.6% distribution yield, primarily from North American midstream energy infrastructure operators like Williams Companies and ONEOK. These companies boast strong dividend coverage ratios and largely fee-based earnings, making EINC's distribution safe despite the fund's equity-like price volatility tied to crude oil. While EINC has seen significant price appreciation, its income stream is stable, supported by rising U.S. gas production.

https://247wallst.com/investing/2026/06/09/dividend-safety-check-einc-and-energy-infrastructure-income/

BofA Remains Bullish on ONEOK (OKE) – Here’s Why

BofA reaffirmed its "Buy" rating on ONEOK (OKE) and raised its price target to $96 from $94, citing better-than-anticipated Q1 results. Truist also updated its rating, raising its price target to $93 from $91 while maintaining a "Hold" rating, noting strong financial upside from spread optimization but increasing uncertainty due to hedging and commodity volatility. ONEOK, Inc. operates in natural gas gathering, processing, liquids, and pipelines, serving as a key player in the midstream energy sector.

https://www.insidermonkey.com/blog/bofa-remains-bullish-on-oneok-oke-heres-why-1778066/

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ONEOK Inc. Price History

29.04.2026 - OKE Stock was down 5.2%

• The stock of ONEOK Inc. (OKE) dropped 3.8% today, leading to questions about its valuation and potential rebound.
• Despite the company's strong performance and positive outlook, investors may be concerned about the stock being "modestly undervalued" according to the GF Value™.
• The recent decline in stock price could be attributed to profit-taking by investors who may have been cautious about the stock's P/E ratio of 37.4x, indicating potential overvaluation concerns.
• While BofA Securities maintains a Buy rating on ONEOK Inc. and raised its price target, the market movement today suggests that investors are still cautious about the stock's current valuation and potential for growth.

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.

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.

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.

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.

11.05.2026 - OKE Stock was down 1.7%

• A major institutional investor, Deutsche Bank AG, reduced its stake in ONEOK, Inc. by 25.9%, potentially leading to a bearish trend in the stock.
• Analysts' opinions on the stock vary, with a consensus "Hold" rating and an average target price of $91.88, contributing to downward pressure.
• Despite BofA reiterating a "Buy" rating and increasing the price target, market sentiment appears to have been more influenced by Deutsche Bank AG's reduced stake and the earnings miss.
• The market movement might also reflect wider uncertainties regarding hedging and commodity volatility in the energy sector, as highlighted by Truist, despite ONEOK, Inc.'s strong industry position.