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ONEOK, Inc. (OKE) Stock Analysis

Breakout setup

SellModerate Confidence

Energy · Oil & Gas Midstream

Sell if holding. Analyst target reached at $90.58 — A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.5): -0.5.

ONEOK is a large integrated midstream energy company providing gathering, processing, fractionation, transportation, storage, and marine export services across approximately 60,000 miles of pipeline in the U.S. Approximately 90% of consolidated earnings were fee-based in 2025.... Read more

$90.58+0.2% A.UpsideScore 5.7/10#19 of 41 Oil & Gas Midstream
Stop $86.13Target $90.68(resistance)A.R:R -0.7:1
Analyst target$93.43+3.1%21 analysts
$90.68our TP
$90.58price
$93.43mean
$80
$113

Sell if holding. Analyst target reached at $90.58 — A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.5): -0.5. Chart setup: Golden cross, above all MAs, RSI 66, MACD bullish. Score 5.7/10, moderate confidence.

Passes 5/6 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 94d clear, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

Thesis

Rewards
Strong earnings beat streak (3/4)
Risks
Analyst target reached - limited upside remaining
Leverage penalty (D/E 1.5): -0.5

Key Metrics

P/E (TTM)16.5
P/E (Fwd)15.0
Mkt Cap$58.3B
EV/EBITDA12.2
Profit Mgn10.0%
ROE15.9%
Rev Growth19.6%
Beta0.81
Dividend4.63%
Rating analysts29

Quality Signals

Piotroski F6/9

Options Flow

P/C1.19bearish
IV52%elevated

Material Events(8-K, last 90d)

  • 2026-03-25Item 5.02LOW
    Pattye L. Moore informed the Board she will retire and not stand for re-election at the May 20, 2026 annual meeting. Gerald B. Smith also will not stand for re-election due to the Company's mandatory age retirement policy. No disagreement with ONEOK on any matter.
    SEC filing →
  • 2026-01-26Item 5.02LOW
    Board elected Mark A. McCollum and Precious Williams Owodunni as new directors effective January 23, 2026. Board size increased from 10 to 12. Both are new appointments; no officer departures.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

10 dimensions · all in-band

GatesA.R:R -0.7=NEGATIVEMomentum 6.8>=5.5Insider activity: OKNo SEC red flagsEARNINGS PROXIMITY 94d clearSEMI CYCLE PEAK CLEARBreakoutSuitability: Moderate
RSI
66 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $81.25Resistance $92.53

Price Targets

$86
$91
A.Upside+0.1%
A.R:R-0.7:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-7.1% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-08-03 (94d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is OKE stock a buy right now?

Sell if holding. Analyst target reached at $90.58 — A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.5): -0.5. Chart setup: Golden cross, above all MAs, RSI 66, MACD bullish. Prior stop was $86.13. Score 5.7/10, moderate confidence.

What is the OKE stock price target?

Take-profit target: $90.68 (+0.2% upside). Prior stop was $86.13. Stop-loss: $86.13.

What are the risks of investing in OKE?

Analyst target reached - limited upside remaining; Leverage penalty (D/E 1.5): -0.5.

Is OKE overvalued or undervalued?

ONEOK, Inc. trades at a P/E of 16.5 (forward 15.0). TrendMatrix value score: 6.1/10. Verdict: Sell.

What do analysts say about OKE?

29 analysts cover OKE with a consensus score of 3.8/5. Average price target: $93.

What does ONEOK, Inc. do?ONEOK is a large integrated midstream energy company providing gathering, processing, fractionation, transportation,...

ONEOK is a large integrated midstream energy company providing gathering, processing, fractionation, transportation, storage, and marine export services across approximately 60,000 miles of pipeline in the U.S. Approximately 90% of consolidated earnings were fee-based in 2025. In January 2025, ONEOK completed the EnLink Acquisition, adding a wholly owned midstream subsidiary.

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