JPMorgan Lowers ONEOK Price Target to $100 Amid Mixed Analyst Views

JPMorgan Chase & Co. has revised its outlook for ONEOK (NYSE: OKE), lowering its price target from $106.00 to $100.00 in a report released on Tuesday. The firm maintains a "neutral" rating on the stock, suggesting a potential upside of 11.55% from its current trading price.

Several other analysts have recently weighed in on ONEOK as well. Wall Street Zen upgraded the stock from a "sell" to a "hold" rating, while Capital One Financial initiated coverage with an "overweight" rating and a $110.00 price target. Barclays reduced its target price from $90.00 to $88.00, assigning an "equal weight" rating. US Capital Advisors downgraded the stock from a "strong-buy" to a "moderate buy," and Scotiabank raised its target price from $89.00 to $95.00 with a "sector perform" rating.

Analysts have assigned ONEOK a mix of ratings, with one "Strong Buy," seven "Buy," and twelve "Hold" ratings. The average target price stands at $96.53, and the stock currently trades at $89.64. ONEOK reported strong earnings for the quarter, beating estimates with $1.53 earnings per share and $12.05 billion in revenue. The company has set its FY 2026 guidance at $5.680 EPS.

Institutional investors have also been active, with Saudi Central Bank increasing its position by 89.9%, Empowered Funds LLC by 21.8%, and State Street Corp by 5.0%. Institutional ownership now accounts for 69.13% of the stock.