Jefferies raises target for ONEOK stock from USD 95.00 to USD 105.00

Published on 10/06/2026 at 14:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo raised its target from USD 98.00 to USD 106.00 on September 2, 2026. Results are scheduled for October 27, 2026, giving ONEOK stock a dated event.

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Jefferies raised its target for ONEOK stock from USD 95.00 to USD 105.00 while maintaining a Hold rating on September 2, 2026, according to MarketBeat. Wells Fargo also raised its target from USD 98.00 to USD 106.00 and maintained an Overweight rating on the same date.

Results date sets the next test

ONEOK will release third-quarter 2026 earnings after the market closes on October 27, 2026, with its management conference call scheduled for October 28 at 11:00 a.m. Eastern, according to StockTitan. The dates give investors a defined checkpoint for the companys earnings trajectory and its integration of recently expanded assets.

Second-quarter growth supports targets

For the second quarter of 2026, ONEOK reported USD 12.05 billion in revenue, compared with analyst estimates of USD 8.95 billion, a 34.64 percent difference based on the estimate. Adjusted earnings per share reached USD 1.53, up from USD 1.34 in the second quarter of 2025, according to StockTitan.

Management raised 2026 net income guidance to USD 3.41 billion to USD 3.79 billion, with a midpoint of USD 3.60 billion. Adjusted EBITDA guidance was set at USD 8.20 billion to USD 8.50 billion, while capital expenditure guidance remained USD 2.70 billion to USD 3.20 billion.

Debt reduction remains material

ONEOK announced a USD 9.00 billion minority equity investment from Apollo in August and plans to use USD 5.00 billion of the proceeds to reduce existing indebtedness, according to the ONEOK Newsroom. The company also agreed to acquire Brazos Midstream assets for USD 4.43 billion, linking the balance-sheet action with further midstream expansion.

NYSE valuation ahead of earnings

On October 5, 2026, NYSE-listed ONEOK last traded at USD 88.58 at 4:00 p.m. Eastern, versus a prior close of USD 87.88. Its USD 55.8 billion market capitalization and USD 64.02 to USD 99.85 52-week range put the latest quote 11.29 percent below the yearly high.