Oneok (NYSE: OKE) Navigates Mixed Analyst Ratings and Energy Sector Performance

• Analyst Divergence: Morgan Stanley downgraded Oneok (NYSE: OKE) to Equal Weight with a $103.00 price target, while Zacks Investment Research identified Oneok as a strong momentum stock.
• Financial Outlook: Analysts project Oneok's upcoming earnings per share (EPS) at $1.44, with quarterly revenue expected to reach $10.81 billion.
• Market Performance: Oneok shares gained 4.42% over the past month, underperforming the broader Oils-Energy sector's 7.75% gain.

Oneok (NYSE: OKE) is a major natural gas company with a market capitalization of approximately $55.95 billion. It operates within the Oils-Energy sector, focusing on gathering, processing, storing, and transporting natural gas. The company's performance is often compared to its sector and broader market indices like the S&P 500.

On July 29, 2026, Morgan Stanley changed its rating on Oneok to Equal Weight from Overweight. This suggests the analyst believes the stock will perform in line with the sector average. A new price target of $103.00 was set when the stock was at $88.80, implying a potential upside of 15.99%.

This downgrade contrasts with a recent report from Zacks Investment Research. On July 28, 2026, the firm identified Oneok as a strong momentum stock. This is based on its Zacks Style Scores, which aim to find stocks likely to outperform the market over the next 30 days, as highlighted by Zacks Investment Research.

Recently, Oneok's shares gained 4.42% over the past month, underperforming the Oils-Energy sector's 7.75% gain. Investors now await the company's earnings announcement on August 3, 2026. Analysts project an earnings per share (EPS) of $1.44, a 7.46% year-over-year growth, as highlighted by Zacks Equity Research.

For the upcoming report, revenue is expected to be $10.81 billion, a 37.11% increase from the prior year's quarter. Looking at the full year, forecasts project total revenue of $46.96 billion. The stock's daily trading has seen it move between a low of $87.64 and a high of $90.18.