OKE

NEUTRAL

$92.46 Live

ONEOK, Inc. · NYSE

Target $93.43 (+1.0%)

$64.02 52W Range $95.3

OKE ONEOK, Inc. - Fundamental Analysis

NEUTRAL

Console Chart News

OKE Stock | Fundamental Analysis & Investment Insights

NYSE • Energy • Oil & Gas Midstream

Current Price Live

$92.46

Analyst Target

$93.43

+1.0% Upside

52W High

$95.3

52W Low

$64.02

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated May 01, 2026

Market cap

$58.25B

P/E

16.48

ROE

15.5%

Profit margin

10.1%

Debt/Equity

1.46

Dividend yield

4.77%

AI Analysis

AI-powered fundamental assessment

Confidence

85%

ONEOK (OKE) presents a dichotomy between strong operational performance and significant valuation premiums. While the Piotroski F-Score of 4/9 indicates stable but mediocre financial health, the stock is trading substantially above its Graham Number ($67.14) and Intrinsic Value ($39.27). Strong revenue growth (29.5% YoY) and superior sector margins are offset by poor liquidity (Current Ratio 0.70) and a highly bearish technical trend (10/100). The stock is currently priced near its 52-week high and analyst target, leaving little room for immediate upside.

Key Strengths

Strong revenue growth of 29.5% YoY

Profit margins (10.09%) and ROE (15.49%) outperform sector averages

Consistent track record of beating earnings estimates (3/4 last quarters)

Attractive dividend yield of 4.77%

Strong long-term price appreciation (+128.4% over 5 years)

Key Risks

Significant overvaluation relative to Graham Number and Intrinsic Value

Weak liquidity position with a Current Ratio of 0.70 and Quick Ratio of 0.48

Stagnant YoY earnings growth (-1.50%) despite high revenue growth

Extremely bearish technical trend (10/100)

High dividend payout ratio (74.15%) may limit future dividend growth

AI Fair Value Estimate

Based on comprehensive analysis

$68.5

-25.9% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Moderate

Value

Future

Past

Health

Dividend

AI Verdict

Overvalued Quality

Key drivers: Strong operational margins, Severe valuation gap, Liquidity concerns, Bearish technicals

Confidence

90%

Value

30/100

Ref P/E, PEG, Graham Number

Positives

P/E (16.48) is lower than sector average (30.72)

Watchpoints

Price ($92.46) is 37% above Graham Number
Price is 135% above Intrinsic Value
High PEG ratio (2.26)

Future

60/100

Ref Growth rates

Positives

Robust YoY revenue growth (29.5%)
Positive Q/Q earnings growth (5.8%)

Watchpoints

Negative YoY earnings growth (-1.5%)

Past

85/100

Ref Historical trends

Positives

Strong 5Y and 3Y price returns
Consistent earnings beat history

Watchpoints

No urgent risks highlighted.

Health

45/100

Ref Altman Z-Score, Piotroski F-Score

Positives

Piotroski F-Score 4/9 (Stable)

Watchpoints

Current Ratio 0.70 indicates potential short-term liquidity stress
Debt/Equity (1.46) is higher than sector average

Dividend

75/100

Ref Yield, Payout

Positives

Strong yield of 4.77%

Watchpoints

High payout ratio (74.15%)

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$92.46

Analyst Target

$93.43

Upside/Downside

+1.0%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for OKE and closest competitors.

Updated 2026-04-30

Company	5Y	3Y	1Y	6M	1M	1W
OKE ONEOK, Inc. Primary	+128.4%	+63.0%	+18.8%	+42.7%	+2.3%	+6.0%
LNG Cheniere Energy, Inc. Peer	+267.5%	+83.3%	+15.6%	+29.6%	-7.3%	+5.7%
BKR Baker Hughes Company Peer	+215.2%	+116.8%	+37.9%	+26.3%	-6.6%	-3.3%
KMI Kinder Morgan, Inc. Peer	+168.4%	+73.3%	+7.0%	-0.2%	+0.4%	+3.3%
OXY Occidental Petroleum Corporation Peer	+142.7%	+0.7%	+29.5%	+32.0%	+15.5%	+0.8%

OKE

ONEOK, Inc.

Primary

+128.4%

+63.0%

+18.8%

+42.7%

+2.3%

+6.0%

LNG

Cheniere Energy, Inc.

Peer

+267.5%

+83.3%

+15.6%

+29.6%

-7.3%

+5.7%

BKR

Baker Hughes Company

Peer

+215.2%

+116.8%

+37.9%

+26.3%

-6.6%

-3.3%

KMI

Kinder Morgan, Inc.

Peer

+168.4%

+73.3%

+7.0%

-0.2%

+0.4%

+3.3%

OXY

Occidental Petroleum Corporation

Peer

+142.7%

+0.7%

+29.5%

+32.0%

+15.5%

+0.8%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

16.48

15.04

2.26

2.59

1.73

2.67

12.21

$58.25B

Profitability

Profit margins and return metrics

Profit Margin 10.09%

Operating Margin 16.98%

Gross Margin 30.5%

ROE 15.49%

ROA 5.57%

Growth

Revenue and earnings growth rates

Revenue Growth +29.5%

Earnings Growth -1.5%

Q/Q Revenue Growth +19.58%

Q/Q Earnings Growth +5.8%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

1.46

Moderate

Current Ratio

0.7

Weak

Quick Ratio

0.48

Poor

Cash/Share

$0.12

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q1 2026

Revenue

$9.6B

Gross Margin

22.7%

Op. Margin

14.9%

Net Margin

8.0%

Total Assets

$68.2B

Liabilities

$45.7B

Equity

$22.4B

Debt/Equity

2.04x

Operating CF

$0.9B

CapEx

$-0.9B

Free Cash Flow

$0.1B

FCF Yield

Quarterly Earnings History

EPS performance vs analyst estimates

2026-08-03

$N/A

2026-04-28

$1.3

+0.1% surprise

2026-02-23

$1.55

+3.8% surprise

2025-10-28

$1.49

+3.3% surprise

Energy Sector Comparison

Comparing OKE against 143 companies in the Energy sector (14 bullish, 55 neutral, 74 bearish)

P/E Ratio

16.48

This Stock

30.05

Sector Avg

-45.1% (Discount)

Return on Equity (ROE)

15.49%

This Stock

10.66%

Sector Avg

+45.3% (Excellent)

Profit Margin

10.09%

This Stock

7.83%

Sector Avg

+28.8% (Superior)

Debt to Equity

1.46

This Stock

1.24

Sector Avg

+18.1% (Higher)

Revenue Growth

29.5%

This Stock

18.31%

Sector Avg

+61.1% (Fast Growth)

Current Ratio

0.7

This Stock

2.21

Sector Avg

-68.1% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
OKE ONEOK, Inc.	NEUTRAL	$58.25B	16.48	15.5%	10.1%	$92.46
LNG Cheniere Energy, Inc.	NEUTRAL	$57.21B	11.29	58.7%	27.4%	$272.23	Compare
BKR Baker Hughes Company	NEUTRAL	$60.04B	23.28	14.6%	9.3%	$60.53	Compare
KMI Kinder Morgan, Inc.	NEUTRAL	$61.0B	22.48	8.9%	16.6%	$27.42	Compare
OXY Occidental Petroleum Corporation	NEUTRAL	$61.8B	46.16	5.9%	10.8%	$62.31	Compare

OKE ONEOK, Inc.

NEUTRAL

Mkt Cap

$58.3B

P/E

16.5

ROE

15.5%

Price

$92.46

LNG Cheniere Energy, Inc.

Compare with OKE

BKR Baker Hughes Company

Compare with OKE

KMI Kinder Morgan, Inc.

Compare with OKE

Compare with OKE

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-02-20	SPEARS MARY M.	Officer	Stock Award	2,285	-
2026-02-20	HULSE WALTER S III	Chief Financial Officer	Stock Award	7,739	-
2026-02-20	BURDICK KEVIN L	Officer	Stock Award	5,628	-
2026-02-20	SWORDS SHERIDAN C	Officer	Stock Award	4,924	-
2026-02-20	NORTON PIERCE H II	Chief Executive Officer	Stock Award	17,588	-
2026-02-20	TAYLOR LYNDON C	Officer	Stock Award	8,538	-
2026-01-30	LENTZ RANDY N.	Chief Operating Officer	Stock Award	6,556	-
2026-01-23	OWODUNNI PRECIOUS WILLIAMS	Director	Stock Award	727	$56,706
2026-01-23	MCCOLLUM MARK A	Director	Stock Award	727	$56,706
2025-11-03	DERKSEN BRIAN LLOYD	Director	Purchase	2,500	$165,000

SPEARS MARY M.

Officer

Stock Award

2026-02-20

2,285 shares

HULSE WALTER S III

Chief Financial Officer

Stock Award

2026-02-20

7,739 shares

BURDICK KEVIN L

Officer

Stock Award

2026-02-20

5,628 shares

SWORDS SHERIDAN C

Officer

Stock Award

2026-02-20

4,924 shares

NORTON PIERCE H II

Chief Executive Officer

Stock Award

2026-02-20

17,588 shares

TAYLOR LYNDON C

Officer

Stock Award

2026-02-20

8,538 shares

LENTZ RANDY N.

Chief Operating Officer

Stock Award

2026-01-30

6,556 shares

OWODUNNI PRECIOUS WILLIAMS

Director

Stock Award

2026-01-23

727 shares · $56,706

MCCOLLUM MARK A

Director

Stock Award

2026-01-23

727 shares · $56,706

DERKSEN BRIAN LLOYD

Director

Buy

2025-11-03

2,500 shares · $165,000

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

10-Q

2026-04-29

OKE filed its quarterly 10-Q report on April 29, 2026. While specific financial highlights were not provided in the excerpt, the filing includes a dedicated section on risk factors under Item 1A.

8-K

2026-04-28

ONEOK Inc. (OKE) likely reported its first-quarter financial results for 2026.

DEF 14A

2026-04-01

ONEOK Inc. (OKE) filed a definitive proxy statement on April 1, 2026, providing shareholders with necessary information and voting materials for its annual meeting.

8-K

2026-03-25

ONEOK Inc. filed an 8-K on March 25, 2026, likely announcing its annual financial results or the filing of its Form 10-K.

10-K

2026-02-24

ONEOK (OKE) filed its 10-K on February 24, 2026, providing comprehensive disclosures regarding its business operations, risk factors, and financial condition. While specific financial metrics were not included in the provided excerpts, the filing contains detailed Management’s Discussion and Analysis (MD&A) and a dedicated section on risk factors for investor review.

8-K

2026-02-23

ONEOK Inc. likely reported its fourth-quarter and full-year financial results.

8-K

2026-01-26

ONEOK Inc. filed a current report on January 26, 2026, likely to announce its fourth-quarter and full-year financial results.

10-Q

2025-10-29

ONEOK (OKE) submitted its quarterly 10-Q filing on October 29, 2025. The filing includes a dedicated section for risk factors under Item 1A, although specific financial highlights and risk details were not provided in the available excerpt.

8-K

2025-10-28

ONEOK Inc. filed an 8-K on October 28, 2025, likely to announce its third-quarter financial results.

8-K

2025-08-13

ONEOK Inc. reported its second-quarter financial results for 2025.

8-K

2025-08-08

10-Q

2025-08-05

8-K

2025-08-04

8-K

2025-07-17

8-K

2025-07-01

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

BUY

21 analysts

TD Cowen

2026-04-30

Maintains

Hold Hold

Scotiabank

2026-04-30

down

Sector Outperform Sector Perform

Barclays

2026-04-30

Maintains

Equal-Weight Equal-Weight

Wells Fargo

2026-04-30

Maintains

Overweight Overweight

Scotiabank

2026-04-13

Maintains

Sector Outperform Sector Outperform

Jefferies

2026-04-08

Maintains

Buy Buy

Morgan Stanley

2026-04-07

Maintains

Overweight Overweight

Wells Fargo

2026-03-25

Equal-Weight Overweight

Truist Securities

2026-03-24

init

Hold Hold

Jefferies

2026-03-20

Hold Buy

Past News Coverage

Recent headlines mentioning OKE from our newsroom.

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OKE

OKE ONEOK, Inc. - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Energy Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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