Truist Raises PT on ONEOK (OKE) Stock

ONEOK, Inc. (NYSE:OKE) is one of the Best Stocks Under $100 to Invest In Now. On May 4, Truist analyst Gabe Daoud lifted its price objective on the company’s stock to $93 from $91 and kept a “Hold” rating on the shares. This came as part of the broader research note covering the midstream energy names after the results for Q1. As per the analyst, the overall quarter was characterized by spread optimization, which drove improved financials and raises in guidance numbers.

In a separate release, on April 28, ONEOK, Inc. (NYSE:OKE) announced its higher Q1 2026 results and an increased 2026 financial guidance, with 12% growth in net income to $776 million, leading to $1.23 per diluted share. For FY 2026, the company increased its net income guidance to the midpoint of $3.5 billion. The guidance for earnings per diluted share rose to the midpoint of $5.53, while adjusted EBITDA guidance has been increased to the midpoint of $8.25 billion.

The improvement in guidance numbers demonstrates healthy business segment performance and increased opportunities throughout ONEOK, Inc. (NYSE:OKE)’s system.

ONEOK, Inc. (NYSE:OKE) is a midstream operator, which is engaged in providing gathering, processing, fractionation, transportation, storage, and marine export services.

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