JPMorgan cuts target for ONEOK stock from USD 106 to USD 100

Published on 10/08/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached USD 967 million. For ONEOK stock this means USD 3.60 billion net income guidance for fiscal 2026.

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JPMorgan cut its price target for ONEOK stock from USD 106.00 to USD 100.00 while maintaining a neutral rating, according to MarketBeat on October 6, 2026. The cut puts the analyst target below the USD 106.00 level previously cited for ONEOK.

Three milestones shape the setup

MarketBeat reported that ONEOK posted USD 1.53 diluted earnings per share for the second quarter of 2026, above the USD 1.46 consensus estimate on August 3, 2026. On October 5, 2026, ONEOK scheduled its third-quarter earnings release for October 27, 2026. JPMorgan's USD 100.00 target followed on October 6, 2026, according to MarketBeat.

What does the target cut change?

The revised target still implied 11.55 percent upside from the USD 89.64 reference price used by MarketBeat on October 6, 2026. That creates a more cautious valuation signal even though the same report showed ONEOK's second-quarter revenue at USD 12.05 billion against a USD 8.95 billion consensus estimate.

ONEOK's operating picture remains tied to its midstream infrastructure footprint. The company reported USD 967.0 million in second-quarter 2026 net income, while its fiscal 2026 net income guidance midpoint stood at USD 3.60 billion and its diluted earnings per share midpoint at USD 5.68, figures reported by Oklahoma Energy Today on October 6, 2026.

Dates for the next report

ONEOK will release third-quarter 2026 earnings after the market closes on October 27, 2026. Management's conference call and webcast are scheduled for October 28, 2026, at 11:00 a.m. Eastern, according to the same October 5, 2026 release.

NYSE range keeps the valuation in view

The NYSE quote was last at USD 88.05 on October 7, 2026 at 4:00 p.m. EDT, down 1.32 percent from USD 89.23, with a market capitalization of USD 55.5 billion and a 52-week range of USD 64.02 to USD 99.85. The last available euro price came from gettex at EUR 79.94 on October 6, 2026 at 5:28 p.m. CEST, versus a prior close of EUR 79.21.