ONEOK, Inc. (OKE) fair value analysis

S&P 500 · Updated 2026-09-07

ONEOK, Inc. is a midstream energy company that transports, stores, and processes natural gas and natural gas liquids, as well as crude oil. The company operates an extensive network of pipelines and facilities across the United States, primarily in the central and western regions.

Forward Fair Value verdict

Overvalued

Based on TickrTrends' weekly Forward Fair Value model, OKE is trading at a 10–25% premium to estimated fair value.

OKE currently ranks #8 of 25 Energy stocks by discount to Forward Fair Value. It has screened as Overvalued for 3 consecutive weekly runs.

Last price: $95.43
Sector: Energy
12-month range: $65.36–$95.69

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: F
Leverage: Moderate
Margin trend: Contracting
Revenue growth: Strong
RSI zone: Neutral
52-week position: The top quarter of its range
DCF cross-check: Overvalued

What our data shows for OKE

Our model validated 17 trailing price-to-earnings windows for OKE, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $65.36–$95.69.
The 14-day relative strength index sits at a neutral 67.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for OKE
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent OKE news

TickrTrends' derived news-sentiment signal for OKE is currently leaning positive, computed from recent coverage.

Why Oneok Inc. (OKE) is a Top Growth Stock for the Long-Term (zacks.com, 2026-09-07)
TickrTrends take: OKE operates in the Energy sector and is currently assessed as Overvalued by TickrTrends valuation metrics. While the headline emphasizes long-term growth potential, investors focused on valuation should monitor whether the company's growth trajectory justifies its current pricing or if market expectations have moved ahead of fundamentals. The gap between growth narrative and valuation assessment represents a key tension point for value-conscious investors to evaluate.
ONEOK (OKE) is Funding a $4.4B Acquisition With a $9B Minority Investment. Is the 7% Capped Return Attractive? (insidermonkey.com, 2026-09-04)
TickrTrends take: ONEOK's substantial funding strategy for its acquisition raises questions about capital allocation efficiency at a time when TickrTrends considers the stock overvalued. The company's reliance on a minority investment with a capped return structure suggests management is accepting constraints on shareholder upside, which becomes a relevant consideration given the Energy sector's current valuation pressures. Investors focused on valuation metrics should monitor whether this transaction improves underlying returns or merely maintains them, particularly as the overvaluation assessment suggests limited margin of safety at current price levels.
OKE Maintained by Citigroup -- Price Target Raised to $108 (gurufocus.com, 2026-09-03)
TickrTrends take: Citigroup's price target raise to 108 dollars represents analyst confidence in OKE's fundamentals, yet TickrTrends currently classifies the stock as overvalued within the Energy sector. A valuation-focused reader should monitor whether market pricing aligns with the company's underlying cash flows and earnings relative to its current trading level, particularly given the gap between analyst sentiment and current valuation metrics. The maintenance rating suggests stability in the analyst's view, making the price target adjustment noteworthy for tracking whether fundamental improvements justify any premium to fair value.

What people are saying

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TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — No material change this week: the verdict, bands and grades all held steady.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is OKE stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), OKE is trading at a 10–25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.

What is OKE's TickrTrends verdict?

OKE's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.

How does OKE compare to other Energy stocks?

OKE ranks #8 of 25 Energy stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is OKE overbought or oversold?

OKE's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Energy fair-value coverage →

Head-to-head comparisons

OKE vs BKR · OKE vs COP · OKE vs EOG · OKE vs EQT · OKE vs EXE