ONEOK, Inc. (OKE) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$85.60
Price Target
$89.88
Target Range
$72.00 — $104.00
Analyst Rating
Hold
Forward P/E15.2x
Trailing P/E15.8x
Forward PEG0.49
Implied Growth+0.9%
Median Target$89.50
Analyst Spread35.6%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$72
-15.9%
Consensus
$90
+5.0%
Bull Case
$104
+21.5%
Valuation Model TargetsConfidence: 50/100
Bear$34
Base$124
Bull$206
OKE Price Target Analysis
Updated May 7, 2026As of May 7, 2026, ONEOK, Inc. (OKE) has a Wall Street consensus price target of $89.88, based on estimates from 39 covering analysts. With the stock currently trading at $85.60, this represents a potential upside of +5.0%. The company has a market capitalization of $53.93B.
Analyst price targets range from a low of $72.00 to a high of $104.00, representing a 36% spread in expectations. The median target of $89.50 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 18 analysts rating the stock as a Buy or Strong Buy,21 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, OKE trades at a trailing P/E of 15.8x and forward P/E of 15.2x. The forward PEG ratio of 0.49 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +0.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $123.73, with bear and bull scenarios of $33.66 and $206.49 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+1.9%
Avg Forward P/E19.2x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WMBThe Williams Companies, Inc. | $90.2B | $73.76 | $79.00 | +7.1% | Buy | 31.6x | 34 |
 KMIKinder Morgan, Inc. | $70.3B | $31.58 | $35.00 | +10.8% | Hold | 22.3x | 34 |
 TRGPTarga Resources Corp. | $53.6B | $249.50 | $237.70 | -4.7% | Buy | 24.6x | 33 |
 DTMDT Midstream, Inc. | $14.7B | $144.58 | $144.56 | -0.0% | Hold | 30.5x | 13 |
 MPLXMPLX Lp | $56.5B | $55.66 | $60.25 | +8.2% | Buy | 12.6x | 28 |
 EPDEnterprise Products Partners L.P. | $81.2B | $37.56 | $37.00 | -1.5% | Buy | 13.1x | 45 |
 AMAntero Midstream Corporation | $10.1B | $21.16 | $21.50 | +1.6% | Hold | 19.1x | 17 |
 CTRACoterra Energy Inc. | $24.7B | $32.55 | $34.00 | +4.5% | Buy | 11.5x | 55 |
 DKLDelek Logistics Partners, LP | $2.7B | $51.24 | $56.00 | +9.3% | Hold | 13.9x | 10 |
 HESMHess Midstream LP | $8.0B | $38.22 | $32.00 | -16.3% | Hold | 13.2x | 9 |
Upside Potential Comparison
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Start ComparisonOKE — Frequently Asked Questions
Quick answers to the most common questions about buying OKE stock.
What is the OKE stock price target for 2026?
The consensus price target for OKE is $89.88, close to the current price of $85.6 (5.0% implied move). Based on 39 analyst estimates, the stock appears fairly valued near current levels.
Is OKE a buy, sell, or hold?
OKE has a consensus rating of "Hold" based on 39 Wall Street analysts. The rating breakdown is mixed, with 21 Hold ratings making up the largest segment. The consensus 12-month price target of $89.88 implies 5.0% upside from current levels.
Is OKE stock overvalued or undervalued?
With a forward P/E of 15.1682x, OKE trades at a relatively low valuation. The consensus target of $89.88 implies 5.0% appreciation, suggesting the market may be pricing in risks.
How high can OKE stock go?
The most bullish Wall Street analyst has a price target of $104 for OKE, while the most conservative target is $72. The consensus of $89.88 represents the median expectation. Our quantitative valuation model projects a bull case target of $206 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover OKE stock?
OKE is heavily covered by Wall Street, with 39 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 18 have Buy ratings, 21 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the OKE stock forecast?
The 12-month OKE stock forecast based on 39 Wall Street analysts shows a consensus price target of $89.88, with estimates ranging from $72 (bear case) to $104 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $124, with bear/bull scenarios of $34/$206.
What is OKE's fair value based on fundamentals?
Our quantitative valuation model calculates OKE's fair value at $124 (base case), with a bear case of $34 and bull case of $206. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.
What is OKE's forward P/E ratio?
OKE trades at a forward P/E ratio of 15.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 15.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy OKE stock?
OKE appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $89.88 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do OKE price targets vary so much?
OKE analyst price targets range from $72 to $104, a 36% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $89.88 consensus represents the middle ground. Our model's $34-$206 range provides an independent fundamental perspective.