ONEOK, Inc. (OKE) fair value analysis
S&P 500 · Updated 2026-10-19
OKE price how computed
Forward Fair Value verdict
Fairly valuedOKE is trading at within about 10% of estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $89.80
- Sector
- Energy
- 12-month range
- $64.31–$97.51
- Market cap
- $56.6B
- From 52-week high
- -7.9%
- Shares outstanding
- 630M
- Rank in Energy by discount to fair value
- #11 of 24
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
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.
OKE currently ranks #11 of 24 Energy stocks by discount to fair value. It has screened as Fairly valued for 6 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $56.6B
- P/E (trailing)
- 15x
- Revenue (TTM)
- $39.4B
- Net margin
- 9.3%
- EPS (TTM)
- $5.87
- Gross margin
- 14.2%
- Debt / equity
- 1.44
- Revenue growth (3-yr avg)
- 63.3%
- Shares outstanding
- 630M
Derived indicators how computed
- Quality grade
- F
- Margin trend
- Stable
- 52-week position
- The top quarter of its range
- DCF cross-check
- Overvalued
Technicals how computed
- RSI (14-day)
- 53 · neutral
- 50-day average
- $92.50
- 200-day average
- $87.64
- Moving-average state
- 50-day above 200-day (golden cross state); price between the averages
Dividends how computed
- Paid, last 12 months
- $4.24 per share (4 payments)
- Yield on last price
- 4.72%
- Consecutive years of increases
- 3
- Next ex-dividend date
- 2026-11-02
- Last payment date
- 2026-08-14
Earnings how computed
- Next earnings report
- 2026-10-27 (post-market)
- Last 8 quarters vs consensus
- 5 beat, 2 missed
- Quarter by quarter
- 2026-06 ▲ beat (+10.1%)
2026-03 ▬ met (0.0%)
2025-12 ▲ beat (+0.6%)
2025-09 ▲ beat (+3.5%)
2025-06 ▲ beat (+0.8%)
2025-03 ▼ miss (-16.1%)
2024-12 ▲ beat (+9.0%)
2024-09 ▼ miss (-4.1%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 9 buy · 13 hold · 0 sell (22 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $101
- Target vs last price
- +12.5%
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 $64.31–$97.51.
- The 14-day relative strength index sits at a neutral 53.
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
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent OKE news
TickrTrends' derived news-sentiment signal for OKE is currently leaning positive, computed from recent coverage.
- OKE Maintained by RBC Capital -- Price Target Raised to $96 (gurufocus.com, 2026-10-21)
TickrTrends take: RBC Capital's maintained rating on OKE combined with a raised price target to $96 suggests analyst confidence in the company's fundamentals within the energy sector. Given TickrTrends' current assessment that OKE is fairly valued, investors focused on valuation metrics should monitor whether the stock moves toward that $96 target and how that movement aligns with underlying operational performance and sector dynamics. The gap between current valuation and the analyst price target represents the key metric for tracking whether the market is appropriately pricing the company relative to its peers and growth prospects. - Earnings Preview: Oneok Inc. (OKE) Q3 Earnings Expected to Decline (zacks.com, 2026-10-20)
TickrTrends take: OKE's expected Q3 earnings decline comes as the company trades at a Fairly valued assessment according to TickrTrends metrics, suggesting current pricing may already reflect near-term operational headwinds in the Energy sector. A valuation-focused investor should monitor whether the earnings miss proves temporary and tied to commodity or volume fluctuations, or signals a more sustained pressure on the company's cash generation relative to its asset base. The degree to which management addresses forward guidance will be particularly important in determining whether fair value assumptions remain appropriate following the results. - Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings? (insidermonkey.com, 2026-10-19)
TickrTrends take: ONEOK trades at 14 times forward earnings, which aligns with TickrTrends' assessment that the stock is fairly valued for the Energy sector. An investor focused on valuation metrics would benefit from monitoring whether earnings estimates for the coming year shift materially, as changes to forward guidance could alter the multiple's reasonableness relative to sector peers and historical averages. The current valuation leaves limited margin of safety for those seeking deeply discounted entry points, while also suggesting downside protection if sector fundamentals remain stable.
More OKE news
- ONEOK (OKE) Maintains Quarterly Dividend at $1.07, Yielding 4.65% (gurufocus.com, 2026-10-14)
- ONEOK Declares Quarterly Dividend (manilatimes.net, 2026-10-14)
- Oneok Inc. (OKE) Gains As Market Dips: What You Should Know (zacks.com, 2026-10-08)
- ONEOK Completes Acquisition of Brazos Midstream’s Permian Midland Basin Assets (manilatimes.net, 2026-10-06)
- OKE Maintained by JP Morgan -- Price Target Lowered to $100 (gurufocus.com, 2026-10-06)
What people are saying
Follow the OKE conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — OKE's quality grade declined from D to F this week, indicating a weakening in the company's fundamental metrics as assessed by TickrTrends' derived indicators. Despite this deterioration in quality assessment, the stock maintains a fairly valued position based on current valuation metrics. The downgrade suggests investors should monitor the company's operational and financial performance closely.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — TickrTrends' derived indicators for OKE show a shift in valuation assessment this week. The DCF cross-check band moved from a fairly valued position to an overvalued position, reflecting a change in the company's valuation relative to its fundamental metrics. The current valuation verdict rates OKE as overvalued.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is OKE stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), OKE is trading at within about 10% of estimated fair value and screens as fairly valued. The exact fair value and discount are available to subscribers.
What is OKE's TickrTrends verdict?
OKE's current verdict is Fairly valued, refreshed with every weekly Forward Fair Value run.
How does OKE compare to other Energy stocks?
OKE ranks #11 of 24 Energy stocks in TickrTrends' coverage by discount to fair value.
Is OKE overbought or oversold?
OKE's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does OKE pay a dividend?
Yes. OKE paid $4.24 per share over the last twelve months (4 payments), a 4.72% yield on TickrTrends' last price, and has raised the annual total for 3 consecutive years. The next ex-dividend date on file is 2026-11-02.
When does OKE report earnings next?
OKE's next earnings report is scheduled for 2026-10-27 (post-market), per the published earnings calendar.
Does OKE usually beat earnings estimates?
Over its last 8 reported quarters OKE beat the consensus estimate 5 times and missed 2 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about OKE?
Of 22 analysts covering OKE, 9 rate it a buy, 13 a hold and 0 a sell - hold-leaning, with a consensus price target of $101 (+12.5% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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Head-to-head comparisons
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