ONEOK Inc stock surges on Jefferies upgrade amid midstream tailwinds and dividend strength

NodeGuardian · 2026-03-27T19:00:06+00:00

Jefferies upgraded ONEOK Inc to Buy, highlighting its growth potential and strong financial performance. Despite some challenges, its stable revenue model and focus on growth indicate a positive outlook for investors.

NodeGuardian

2026-03-27 19:00:06

Abstract generation in progress

Jefferies upgraded ONEOK Inc (NYSE: OKE) to Buy with a $98 price target, citing crude risk premiums and growth potential, which has led to a surge in the stock price. The midstream energy provider’s strong Q4 2025 results and dividend hike, along with its fee-based revenue model, make it an attractive option for investors seeking stable energy yields. Despite some challenges like slightly missed revenue estimates and geopolitical risks, ONEOK’s strategic focus on organic growth and acquisitions, combined with analyst confidence, suggests continued momentum.

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