OKE
Oneok
$86.29
▲ 1.5%Updated Today 7:15 PM ET
▲ Up 4.8% over the last 12 months
Market Cap
$53.57B
P/E
15.05x
Forward P/E (est.)
13.77x
ROE
15.9%
Revenue Growth
-14.7%
EPS Growth
9.3%
Profit Margin
2.9%
FCF Yield
8.0%
Debt / Equity
1.46x
ROIC
8.0%
Interest Coverage
6.63x
Current Ratio
0.71x
Dividend Yield
4.9%
Implied Growth (rev. DCF)
4.2%
Rating Score
42/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what OKE's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. OKE trades near $86.29, around its 50-day average ($88.11) and 200-day average ($79.25). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 46 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. OKE's is $2.55 (~3.0% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month OKE found buyers near $83.57 (support) and sellers near $96.07 (resistance); its 52-week range is $64.02–$96.07. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.9× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Oneok (OKE) is a large-cap company in the Oil & Gas Storage & Transportation industry, part of the Energy sector of the S&P 500, with a market value around $53.57B.
In its latest reported year it generated about $33.63B in revenue and $3.39B in net profit.
Our model rates OKE Neutral (42/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
19.4%
Revenue moved from $16.54B in 2021 to $33.63B in 2025, a 19.4% compound annual growth rate. The most recent year declined 14.7% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
—
Operating Margin
17.1%
Net Margin
10.1%
ROE
15.9%
Oneok keeps about 2.9% of each sales dollar as net profit. Return on equity is 15.9% and return on invested capital about 8.0%. Thin margins leave less cushion if costs rise.
Total Debt
$32.00B
Net Debt
$31.83B
Net Debt / EBITDA
5.54x
Debt / Equity
1.46x
Leverage: debt-to-equity is 1.5x, and operating profit covers interest about 6.6x, with a current ratio of 0.7x. That is a moderate, manageable debt load for most businesses. It carries roughly $32.00B of total debt against $172.00M of cash.
Operating CF
$5.60B
Free Cash Flow
$2.45B
FCF Margin
7.3%
In the latest year Oneok produced about $5.60B of operating cash flow and $2.45B of free cash flow after capital spending. That is a free-cash-flow yield of about 8.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
15.05x
P/S
3.64x
P/B
2.03x
EV / EBITDA
11.88x
OKE trades at 15.1x trailing earnings (about 13.8x on estimated forward earnings), 3.6x sales, and 2.0x book value. Reverse-engineering today's price implies the market expects roughly 4.2% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How OKE stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
In the Energy sector (21 S&P 500 companies), OKE ranks #19 of 21 by our overall rating. It trades at a discount versus the sector on earnings (15.1x P/E vs. 18.9x median) with a higher return on equity (15.9% vs. 14.8%) and slower revenue growth (-14.7% vs. -0.4%).
P/E vs sector
15.1x
median 18.9x
ROE vs sector
15.9%
median 14.8%
Growth vs sector
-14.7%
median -0.4%
Sector rank
#19
of 21 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size. Sector median is across all 21 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$55.69 – $92.82
vs. $86.29 today · expected CAGR -8% – 1%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $34.64B | $35.68B | $36.75B | $37.85B | $38.99B |
| Net income | $3.46B | $3.57B | $3.67B | $3.78B | $3.90B |
| EPS | $5.50 | $5.66 | $5.83 | $6.01 | $6.19 |
| Share price (low) | $49.48 | $50.96 | $52.49 | $54.07 | $55.69 |
| Share price (high) | $82.47 | $84.94 | $87.49 | $90.11 | $92.82 |
| CAGR (low–high) | -43% / -4% | -23% / -1% | -15% / 0% | -11% / 1% | -8% / 1% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for OKE:
- Strong return on equity (15.9%) shows capital is put to work well.
- Healthy free-cash-flow yield (~8.0%) funds buybacks and dividends.
- Pays a 4.9% dividend on top of any price gains.
The case against OKE:
- Revenue growth is slow/negative (-14.7%), limiting the upside engine.
- Thin net margins (2.9%) leave little room for error.
Balance-sheet risk — debt/equity of 1.5x magnifies the impact of higher rates or weaker earnings.
Growth risk — sluggish revenue (-14.7%) leaves little margin for execution missteps.
Margin risk — thin profitability (2.9%) is vulnerable to cost or pricing pressure.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Oneok is a large-cap energy business with shrinking revenue, with modest profitability, and a heavier debt load to watch. It trades at 15.1x earnings, which our model scores Neutral (42/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.