ONEOK (OKE) Draws Mixed Analyst Calls and Price Target Falls
ONEOK, Inc. (NYSE:OKE) is one of the 11 Best Pipeline and MLP Stocks to Buy in 2026.
Morgan Stanley analyst Robert Kad lowered the price target on ONEOK, Inc. (NYSE:OKE) from $107 to $104 on January 28, 2026. The firm has kept an Overweight rating on the shares. The update on the stock is part of Morgan Stanley’s review of the North American Midstream & Renewable Energy Infrastructure stocks covered by the firm. Morgan Stanley also noted in its update that the energy sector has performed better in the S&P index owing to favorable commodity prices.
Slightly contradicting Robert Kad’s rating update, JPMorgan analyst Jeremy Tonet downgraded the rating on ONEOK, Inc. (NYSE:OKE) from Overweight to Neutral on January 27, 2026. The price target on the stocks was also reduced from $87 to $83. According to the analyst, ONEOK, Inc. (NYSE:OKE) did not meet its EBITDA guidance amid soft macro fundamentals. The firm also noted that with an improvement in oil prices, sentiment on the stock may turn more positive.
Incorporated in 1906, the Oklahoma-based premier energy infrastructure company, ONEOK, Inc. (NYSE:OKE) manages an extensive 60,000-mile pipeline network. It provides gathering, processing, and transportation services for natural gas, NGLs, refined products, and crude oil across North America.
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