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theglobeandmail.comSEP 11 min read$OKE

Scotiabank Reaffirms Their Hold Rating on Oneok (OKE)

Scotiabank reaffirmed a Hold rating on Oneok (OKE) with a $89.00 price target. Analyst Brandon Bingham has a strong track record. Morgan Stanley also has a Hold rating, while UBS upgraded to Buy. Oneok reported Q2 revenue of $12.05B and net profit of $966M, up from $7.89B and $841M last year.

Original reporting
theglobeandmail.com
Published Sep 1, 2026, 11:32 AM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Sep 2, 2026, 9:24 AM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
Scotiabank Reaffirms Their Hold Rating on Oneok (OKE) — source image
Source · theglobeandmail.com
Decision brief

The 30-second read

$OKENeutralLow
01

Why it matters

Analyst hold rating with $89 price target suggests limited upside; earnings beat modestly.

02

Market read

Minor relevance; reinforces existing consensus without new catalyst.

03

What to watch

Recent contract wins or regulatory changes not covered in this brief could shift sentiment.

Relevance 4/10Novelty 2/10Timing: post‑earnings release

Background

Oneok (NYSE: OKE) reported Q2 revenue of $12.05B and net profit of $966M, up from prior year.

Company-level read

Ticker impact

$OKENeutralMedium confidence
Context

Scotiabank reiterates Hold rating on Oneok and cites its latest quarterly earnings.

Expected impact

Small sideways movement or slight dip if market expects higher target.

Evidence & confidence

Rating unchanged and modest earnings growth provide limited new trading edge.

Market effects

Sector

Energy midstream sector sees little change as analyst consensus remains stable.

Regional

U.S. markets unaffected; Oneok is a small‑cap component.

Global

No broader impact beyond Oneok investors.

Counterpoint

What could challenge this read

Potential upside if Oneok exceeds consensus on upcoming pipeline projects.

Key entities

  • company
    Oneok

    U.S. midstream energy company.

  • analyst
    Scotiabank

    Research firm reaffirming Hold rating.

Read at source← All news

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