ONEOK stock: RBC raises target for ONEOK stock to USD 96.00
Published on 10/22/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings date
- RBC Capital raised its ONEOK target to USD 96.00 on October 21, 2026.
- Second-quarter 2026 revenue reached USD 12.05 billion.
- ONEOK stock traded at USD 92.63 on October 22, 2026, down 0.53 percent on the NYSE.
- Third-quarter 2026 results are scheduled for October 27, 2026.
- ONEOK had a P/E ratio of 15.96 and a market capitalization of USD 58.4 billion.
ONEOK Inc. (ISIN US30609A1097) received a higher price target from RBC Capital on October 21, 2026, as the firm lifted its target from USD 90.00 to USD 96.00 while maintaining a Sector Perform rating, Markets Insider reported. On the NYSE, ONEOK was trading at USD 92.63 on October 22, 2026 at 10:25 a.m. EDT, down 0.53 percent from the prior close of USD 93.12.
Revenue reached USD 12.05 billion
ONEOK reported revenue of USD 12.05 billion for the second quarter of 2026, compared with USD 7.89 billion in the second quarter of 2025. Net income reached USD 966.0 million, up from USD 841.0 million, while diluted earnings per share increased to USD 1.53 from USD 1.34, according to Simply Wall St.
The revenue increase was 52.72 percent year over year, while net income rose 14.86 percent. That comparison gives the upcoming reporting date greater importance because the latest quarterly performance set a high base for the next update.
Stock stays below its yearly high
ONEOK traded within a USD 64.02 to USD 99.85 52-week range as of October 22, 2026. At USD 92.63, the stock stood 7.23 percent below its 52-week high and 44.69 percent above its 52-week low. The year-to-date gain was 37.04 percent, according to Simply Wall St.
Valuation meets a near-term date
ONEOK carried a trailing P/E ratio of 15.96 and a market capitalization of USD 58.4 billion on October 22, 2026. The quarterly dividend was USD 1.07 per share, while the annualized payment was USD 4.28, according to Simply Wall St.
The next scheduled company event is the third-quarter 2026 results release on October 27, 2026, followed by the conference call on October 28, 2026, as listed by Simply Wall St. The dividend is payable on November 16, 2026, to shareholders of record at the close of business on November 2, 2026.
How much room does the target imply?
RBC Capital's USD 96.00 target lies 3.64 percent above the NYSE price of USD 92.63. Its Sector Perform rating therefore points to a measured view even after the target increase, while the second-quarter revenue comparison highlights the operating scale behind the valuation.
ONEOK stock stays in a measured range
The analyst target, upcoming results date and 52-week position give investors three concrete markers for assessing ONEOK after its strong year-to-date advance. The stock's 15.96 P/E ratio and USD 58.4 billion market value frame the discussion around earnings delivery and cash distributions.
Market context: Market report S&P 500.
