Key facts, as of
As of October 7, 2026, ONEOK Inc. (OKE) trades at $88.30, up 21.9% over the past year. Its 52-week range runs from $64.02 to $99.85; the price is 11.6% below that high. It is 25.2% below its all-time high of $118.07, reached in November 2024. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +203.5%, against +312.9% for the S&P 500 (SPY). It sits 1.5% above its 200-day average of $86.99, the usual sign of a long-term uptrend. Its 30-day volatility is 22.0% annualized, which we rate medium risk. It has a trailing P/E of 15.3 and a dividend yield of 4.80%.
Cite: Portfolio Terminal, "ONEOK Inc. (OKE) stock analysis", 2026-10-07. https://portfolio-terminal.com/analyse/oke
Where it trades today
trading 68% of the way up its 52-week range
How the price has moved
How far it is from its record
ONEOK Inc. (OKE) is 25.2% below its all-time high of $118.07, reached in November 2024. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +203.5%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Capital discipline and commodity sensitivity matter more than top-line momentum because cash flow can swing quickly with the cycle.
- OKE trades at 15.3x earnings, well above the energy average of 10.5x, so the market is already pricing in above-consensus execution.
- Recent realized volatility sits near 22.0%, below the sector norm of 32.0%, which supports a steadier role inside a diversified portfolio.
- OKE remains in a bearish short-term trend and sits 11.6% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- OKE is more relevant for investors who want some income support alongside price appreciation, not just pure growth exposure.
- The beta profile suggests it can fit a quality or lower-volatility sleeve more naturally than a high-octane tactical basket.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in OKE.
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- The view would need revisiting if peers such as XOM, CVX, COP start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for OKE come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Energy so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as XOM, CVX, COP.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for OKE. Last refresh: Oct 7, 2026, 7:21 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as XOM, CVX, COP.
What ONEOK Inc. does
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel…
What analysts expect
OKE carries a buy consensus from 20 analysts, with an average price target of $101.20 versus $88.30 today (+14.6%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
OKE generated $39.37B in trailing revenue (52.8% year over year), with a 9.3% net margin, and $899.88M of free cash flow, against $32.86B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $33.63B | $8.74B | $5.82B | $3.39B | $5.43 | $2.45B |
| 2024 | $21.70B | $7.25B | $5.06B | $3.04B | $5.19 | $2.87B |
| 2023 | $17.68B | $4.98B | $4.23B | $2.66B | $5.49 | $2.83B |
| 2022 | $22.39B | $3.85B | $2.81B | $1.72B | $3.85 | $1.70B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
OKE is in 4 of the 30 ETFs we track. It weighs most in VYM: 0.24% of the fund, holding #100 of 603.
How it sits in energy
Volatile sector tied to oil and gas prices, includes exploration, production, and refining.
The companies it competes with
OKE beside the energy names it is usually measured against.
What the chart is saying
Slipped under its 50-day average inside a longer uptrend.
weakening- Price is 4.1% below its 50-day average and 1.5% above its 200-day.
- RSI at 42 is neither stretched nor washed out.
- The nearest ceiling is $91.57 (+3.7%), the nearest floor $83.45 (-5.5%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is OKE a good investment in 2026?
ONEOK Inc. trades at a P/E ratio of 15.3, with medium volatility (22.0% annualized). Recent trend shows weakness.
What is the risk level of OKE?
Based on 30-day volatility of 22.0%, OKE has MEDIUM risk. Beta of 0.80 indicates lower sensitivity to market movements than average.
Does OKE pay dividends?
Yes, ONEOK Inc. has a dividend yield of 4.80%.
How far is OKE from its all-time high?
ONEOK Inc. is 25.2% below its all-time high of $118.07, reached in November 2024. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +203.5%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold OKE?
4 of the 30 popular ETFs we track hold ONEOK Inc.. The largest weights: VYM (0.24%), VTV (0.22%), VOO (0.09%) and VTI (0.08%). Measured on each issuer's full holdings file, dated August 31, 2026.
How much of VOO is OKE?
0.09%, as of August 31, 2026: OKE is holding #198 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.91 in ONEOK Inc..
What is the analyst price target for OKE?
The average analyst price target for ONEOK Inc. (OKE) is $101.20 based on 20 analyst estimates, about 14.6% above the current price of $88.30. The published range runs from $89.00 to $112.00.
How much revenue does OKE generate?
ONEOK Inc. reported $39.37B in trailing twelve-month revenue. Revenue growth is running at 52.8% year over year. Net margin sits at 9.3%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare OKE with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.