Argus raises Oneok stock price target to $108 on strong earnings
Argus raised its price target for Oneok (NYSE:OKE) to $108, citing strong Q3 2026 earnings of $1.35B ($2.13 EPS), up 43% YoY. The company beat estimates and raised 2026 guidance to $4.18B net income and $6.30 EPS. Oneok trades at a P/E of 13.71 and offers a 4.66% dividend yield.
How this was made
The 30-second read
Why it matters
While the earnings beat and guidance lift are positive, the information is not new, so market reaction is likely muted.
Market read
Modest positive sentiment for OKE, but limited trading opportunity due to prior disclosure.
What to watch
Potential headwinds from natural‑gas price volatility could temper upside.
Background
The article recaps Oneok's Q3 2026 earnings and analyst price‑target updates, all of which were released earlier in the week.
Ticker impact
Argus raised its price target on Oneok (OKE) to $108 following the Q3 2026 earnings release.
likely modest upward pressure as investors price in the higher target.
Target raise reflects better-than-expected earnings and guidance, but the numbers were already public for over a week, limiting immediate impact.
Market effects
Oneok's strong natural‑gas liquids performance may buoy the midstream energy sector.
Limited to U.S. energy markets; no broader regional effect.
Minimal global impact.
Counterpoint
The price target raise may be overstated given the earnings were already priced in.
Key entities
- companyOneok Inc.
U.S. midstream energy company (ticker OKE).
- analystArgus Research
Equity research firm that raised the price target.
