ONEOK Q3 Preview: EPS Seen Up 25% as Targets Cut Ahead of Oct. 28 Release
Investors are watching for evidence of merger synergies to reignite earnings momentum after a yearlong valuation reset.
Overview
- Wall Street expects third-quarter EPS of $1.48 versus $1.18 a year earlier.
- Barclays lowered its price target to $78 and kept an Equal Weight rating, calling the quarter a key check on synergy execution.
- Bank of America trimmed its target to $100 with a Buy rating as part of a broader midstream sector update.
- Shares have fallen about 29.5% over the past 52 weeks, with pressure tied to modest earnings growth, higher interest costs, and acquisition-related valuation changes.
- Analyst coverage reflects a Moderate Buy consensus from 19 firms with a $93.44 average price target, roughly 36% above recent trading.