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Oneok (OKE) Stock Price & Analysis

3,907 Followers

OKE Stock Chart & Stats

$87.37$1.39(2.56%)
At close: 4:00 PM EST
$85$90$95Aug 17Aug 31Sep 14Sep 28Oct 12Oct 26Nov 9
Day’s Range
$84.25 - $87.64
52-Week Range
$68.10 - $99.85
Previous Close
$85.19
Volume
N/A
Average Volume (3M)
3.26M
Market Cap
$55.08B
Enterprise Value
$91.47B
Total Cash (Recent Filing)
$186.00M
Total Debt (Recent Filing)
$28.52B
Price to Earnings (P/E)
13.5
Beta
0.42
Next Earnings
Mar 01, 2027 (Est.)
EPS Estimate
1.49
Last Dividend Ex-Date
Nov 02, 2026
Dividend Yield
4.90%

Bulls Say, Bears Say

Bulls Say

Contracted, Connected Infrastructure

ONEOK’s fee-based midstream model spans connected NGL and natural gas infrastructure serving production basins and downstream markets. This integrated footprint can support recurring cash generation, improve asset utilization, and provide durable relevance as customers move growing volumes through the system.

Volume And Capacity Growth

Rising throughput across the Permian and other basins, together with completed and upcoming processing, takeaway, and pipeline expansions, supports additional fee-generating capacity. The combination of producer activity and project execution gives ONEOK a visible foundation for continued operating growth.

Balance-sheet Strengthening

The equity investment and substantial debt extinguishment directly improve financial flexibility and reduce the burden of historical leverage. Credit upgrades and a lower targeted debt-to-EBITDA range should support funding for growth projects while preserving capacity for dividends and other shareholder returns.

Bears Say

Meaningful Historical Leverage

Despite recent deleveraging actions, the multi-year balance-sheet record shows meaningful leverage that can constrain flexibility during weaker operating conditions. A sizable debt burden may increase sensitivity to financing costs and leave less room for discretionary investment or shareholder distributions if cash flows weaken.

Softening Profitability And Cash Flow

Revenue growth has continued, but lower margins and declining, choppy free cash flow indicate that incremental sales are not translating into earnings and cash at prior rates. If this persists, it could reduce internally funded investment capacity and make returns more dependent on operating execution.

Fractionation Capacity Bottleneck

Insufficient fractionation capacity currently limits the system’s ability to process incoming NGL volumes smoothly and requires inventory accumulation. Although Medford is expected to add relief, the constraint can defer earnings, increase operating complexity, and limit near-term benefit from strong basin production.

Oneok News

OKE FAQ

What was Oneok’s price range in the past 12 months?
Oneok lowest stock price was $68.10 and its highest was $99.85 in the past 12 months.
What is Oneok’s market cap?
Oneok’s market cap is $55.08B.
When is Oneok’s upcoming earnings report date?
Oneok’s next earnings report is estimated for Mar 01, 2027 (not yet confirmed), which is in 109 days.
How were Oneok’s earnings last quarter?
Oneok released its earnings results on Oct 27, 2026. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.504 by $0.626.
Is Oneok overvalued?
According to Wall Street analysts Oneok’s price is currently Undervalued.
Does Oneok pay dividends?
Oneok pays a quarterly dividend of $1.07 which represents an annual dividend yield of 4.9%. See more information on Oneok dividends here
What is Oneok’s EPS estimate?
Oneok’s EPS estimate is 1.49.
How many shares outstanding does Oneok have?
Oneok has 630,450,440 shares outstanding.
What happened to Oneok’s price movement after its last earnings report?
Oneok reported an EPS of $2.13 in its last earnings report, beating expectations of $1.504. Following the earnings report the stock price went down -0.363%.
Which hedge fund is a major shareholder of Oneok?
Hedge funds hold Oneok shares: the largest hedge-fund position in Oneok is 71,886,091 shares, and hedge funds increased their holdings by 2.2M shares last quarter.
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology