ONEOK (OKE) Stock Price, News & Analysis

Company Overview

ONEOK, Inc. is a diversified energy midstream company that owns and operates an extensive network of natural gas and natural gas liquids (NGL) pipelines, gathering systems, processing plants, storage facilities and fractionation terminals. Through its integrated infrastructure, the company transports, stores and fractionates NGLs and provides gathering and processing services for natural gas produced in key U.S. resource plays. Its operations support the delivery of feedstocks to petrochemical plants and refineries, as well as the distribution of natural gas to local utilities and industrial customers.

The company’s NGL systems include pipelines and storage facilities that link major producing regions such as the Permian Basin, the Eagle Ford Shale, the Williston Basin and the Rocky Mountains to Gulf Coast fractionators and export terminals. ONEOK also operates natural gas gathering and processing businesses that aggregate supplies from wells and remove impurities, enabling producers to access markets more efficiently. In addition, its natural gas pipelines serve end users across the central United States, while its marketing and trading group optimizes the flow of commodities between supply and demand centers.

Headquartered in Tulsa, Oklahoma, ONEOK traces its roots to the founding of Oklahoma Natural Gas Company in 1906. Over the decades, the company has expanded its footprint through strategic acquisitions, greenfield development and joint ventures, evolving into one of the largest midstream operators in the country. The rebranding to ONEOK in 1980 reflected a broader focus beyond retail gas distribution, marking the beginning of its transformation into a midstream-centric enterprise.

Led by an experienced executive team, ONEOK emphasizes safety, operational excellence and disciplined capital deployment. The company continues to pursue growth opportunities in established and emerging basins, leveraging its scale, technical expertise and market connections to support producer economics and meet the evolving needs of industrial and utility customers nationwide.

Key Stats

• Today's Range: $80.07 to $81.09
• 50-Day Range: $79.47 to $86.79
• 52-Week Range: $75.48 to $118.07
• Volume: 2.67 million shs
• Average Volume: 3.46 million shs
• Market Capitalization: $50.94 billion
• P/E Ratio: 15.81
• Dividend Yield: 5.09%
• Price Target: $103.14
• Consensus Rating: Moderate Buy

ONEOK Stock Analysis - MarketRank™

ONEOK scored higher than 100% of companies evaluated by MarketBeat, and ranked 2nd out of 266 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ONEOK has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

ONEOK has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.36%

Earnings Growth

Earnings for ONEOK are expected to grow by 17.36% in the coming year, from $5.07 to $5.95 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ONEOK is 15.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of ONEOK is 15.81, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 62.68.

Price to Earnings Growth Ratio

ONEOK has a PEG Ratio of 1.54. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

ONEOK has a P/B Ratio of 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.68% of the float of ONEOK has been sold short.

Short Interest Ratio / Days to Cover

ONEOK has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ONEOK has recently decreased by 7.38%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

ONEOK is a leading dividend payer. It pays a dividend yield of 5.08%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

ONEOK has only been increasing its dividend for 3 years.

Dividend Coverage

The dividend payout ratio of ONEOK is 80.47%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, ONEOK will have a dividend payout ratio of 69.24% next year. This indicates that ONEOK will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.9 / 5
• Environmental Score: -5.51

Percentage of Shares Shorted

1.68% of the float of ONEOK has been sold short.

Short Interest Ratio / Days to Cover

ONEOK has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ONEOK has recently decreased by 7.38%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.35

News Sentiment

ONEOK has a news sentiment score of 1.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 32 news articles for ONEOK this week, compared to 21 articles on an average week.

Search Interest

Only 57 people have searched for OKE on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.

MarketBeat Follows

9 people have added ONEOK to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ONEOK insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.21% of the stock of ONEOK is held by insiders.

Percentage Held by Institutions

69.13% of the stock of ONEOK is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OKE Stock Analysis - Frequently Asked Questions

How have OKE shares performed this year?

ONEOK's stock was trading at $100.40 at the beginning of the year. Since then, OKE shares have decreased by 19.4% and is now trading at $80.9240.

How were ONEOK's earnings last quarter?

ONEOK, Inc. (NYSE:OKE) posted its quarterly earnings results on Tuesday, April, 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.28 by $0.24. The utilities provider had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 12.15% and a trailing twelve-month return on equity of 15.58%.
Read the conference call transcript.

How will ONEOK's stock buyback program work?

ONEOK's Board of Directors initiated a stock buyback program on Wednesday, January 17th 2024, which authorizes the company to buy back $2,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 4.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Does ONEOK have any subsidiaries?

ONEOK subsidiaries include these companies: Black Mesa Holdings Inc., Black Mesa Pipeline Inc., Black Mesa Pipeline Operations L.L.C., Black Mesa Technologies Inc., Border Midwestern Company, Chisholm Pipeline Company, Chisholm Pipeline Holdings L.L.C., and others.

Who are ONEOK's major shareholders?

ONEOK's top institutional shareholders include Chickasaw Capital Management LLC (0.34%), Exchange Traded Concepts LLC (0.10%), Wealth Enhancement Advisory Services LLC (0.04%) and Fractal Investments LLC (0.04%). Insiders that own company stock include Pierce Norton, Eduardo A Rodriguez, Brian L Derksen, Wayne Thomas Smith and Pattye L Moore.
View institutional ownership trends.

How do I buy shares of ONEOK?

Shares of OKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of ONEOK own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ONEOK investors own include Chevron (CVX), NVIDIA (NVDA), Bristol Myers Squibb (BMY), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 4/29/2025
• Record date for 5/15 Dividend: 5/05/2025
• Ex-Dividend for 5/15 Dividend: 5/05/2025
• Dividend Payable: 5/15/2025
• Today: 7/11/2025
• Next Earnings (Estimated): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Oil/Gas Prod Pipeline MLP
• Sub-Industry: Gas Utilities
• Current Symbol: NYSE:OKE
• CIK: 1039684
• Web: www.oneok.com
• Phone: (918) 588-7000
• Fax: 918-588-7273
• Employees: 5,177
• Year Founded: 1906

Price Target and Rating

• Average Price Target for ONEOK: $103.14
• High Price Target: $133.00
• Low Price Target: $85.00
• Potential Upside/Downside: +27.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.12
• Trailing P/E Ratio: 15.81
• Forward P/E Ratio: 15.96
• P/E Growth: 1.54
• Net Income: $3.04 billion
• Net Margins: 12.15%
• Pretax Margin: 16.63%
• Return on Equity: 15.58%
• Return on Assets: 5.42%

Debt

• Debt-to-Equity Ratio: 1.35
• Current Ratio: 0.67
• Quick Ratio: 0.52

Sales & Book Value

• Annual Sales: $21.70 billion
• Price / Sales: 2.35
• Cash Flow: $7.12 per share
• Price / Cash Flow: 11.37
• Book Value: $37.89 per share
• Price / Book: 2.14

Miscellaneous

• Outstanding Shares: 629,540,000
• Free Float: 628,222,000
• Market Cap: $50.94 billion
• Optionable: Optionable
• Beta: 0.93