ONEOK Inc. stock edges higher after Medallion deal and solid earnings multiples

Published on 09/21/2026 at 15:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ONEOK Inc. stock trades around 93.51 dollars on the New York Stock Exchange as of September 18, 2026, close to analysts’ consensus target. The company’s guided 2026 earnings and recent Medallion Midstream acquisition frame the valuation debate for investors.

Fotorealistische Erdgas-Pipeline in weiter Prärielandschaft bei Sonnenuntergang — ONEOK Inc. (ISIN US6826801036) Erdgas-Pipeline durchquert weite Prärielandschaft im goldenen Abendlicht fotorealistisch, Illustration mit AI erstellt.

ONEOK Inc. stock (ISIN US6826801036) is trading in the low 90 dollar range on the New York Stock Exchange, with recent data showing a level of 93.51 dollars as of September 18, 2026, leaving the shares only a few dollars below the average analyst price target for the company.

Medallion Midstream acquisition sets a fresh catalyst

As AKM reported on September 21, 2026, ONEOK has completed the acquisition of Medallion Midstream for 2.6 billion dollars, adding a new midstream asset base and long-term fee-based contracts to its portfolio.

The deal strengthens ONEOK’s position in the Permian Basin midstream infrastructure and is structured to enhance stable cash flows, which matters for a company that already generates more than 3.39 billion dollars in net income in its latest reported fiscal period.

Earnings, guidance and valuation context

According to MarketBeat, ONEOK most recently generated 33.63 billion dollars in gross revenue and 3.39 billion dollars in net income, translating into earnings per share of 5.80 dollars and a price-earnings ratio of 16.12 based on a recent share price snapshot.

In addition, Ad-hoc-news cites data from MarketBeat indicating that ONEOK has set its fiscal year 2026 earnings per share guidance at 5.68 dollars, giving investors a clear quantitative anchor for forward-looking valuation.

Using the consensus price target of 96.06 dollars for ONEOK reported by Ad-hoc-news, the stock is valued at roughly 16.9 times the guided fiscal year 2026 EPS of 5.68 dollars, compared with about 16.5 times if investors take the recent opening level of 93.51 dollars as of mid-September 2026 as the reference.

Price level and market data

Per recent NYSE data cited in a corporate-news overview on Ad-hoc-news, ONEOK Inc. stock traded at around 93.51 dollars as of September 18, 2026 on the New York Stock Exchange, with the shares generally moving in a low 90 dollar band in mid-September.

The same overview references an AltIndex dataset showing ONEOK with a recent price of 93.46 dollars, a market capitalization of 58,400,000,000 dollars and an AI-derived score of 79 as of mid-September 2026, underscoring that the company is seen as a large-cap energy infrastructure player supported by cash flow and guidance.

Closing stock view

With ONEOK Inc. stock at 93.51 dollars on the New York Stock Exchange as of September 18, 2026 in United States dollars, the shares trade close to the 96.06 dollar consensus price target and reflect a valuation in the mid-teens multiple range on guided fiscal year 2026 earnings per share.