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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting growing optimism in the energy infrastructure sector, RBC Capital Markets has increased its price target for ONEOK to $90 from $84. This adjustment follows the company's recent upgrade to its 2026 earnings guidance and the declaration of a quarterly dividend of $1.07 per share. Despite the higher price target, RBC maintained its 'Sector Perform' rating, suggesting a balanced outlook on the stock's future growth relative to its industry peers.
This positive revision comes as natural gas midstream and energy logistics companies see improved cash flow profiles, with ONEOK competing alongside majors such as Kinder Morgan and Enterprise Products Partners. Per market data, the upgraded 2026 financial guidance reinforces the company's ability to maintain a sustainable dividend policy, a key attraction for investors in this yield-heavy sector.
Regarding price action, OKE closed at $93.56 on July 20, 2026, a level that currently sits above the new RBC target, potentially indicating a period of consolidation. Looking ahead, investors should monitor the EIA Weekly Petroleum Report scheduled for July 15, 2026, as broader U.S. energy inventory data often influences sentiment across the midstream infrastructure sector.