NYSE: OKE

ONEOK (OKE) Stock Analysis & Forecast

ONEOK, Inc. Industrial services sector, oil & gas pipelines industry. Market cap $58.89B.

$93.46+0.24 (+0.3%)

Close on Sep 18, 2026. Page updated Sep 19, 9:15 pm ET.

Gekko Brief

AI summary

ONEOK (OKE) closes at $93.46, up 0.3%, holding above both its 50-day average of $92.87 and 200-day average of $86.02. The GekkoIndex sits at 60.8, placing the stock in the Accumulation zone. Against Gekko Fair Value of $141.22, the current price reflects a gap of -33.8%. Over the past year the stock has returned 28.3%, though the one-month return is -2.7%.

This week's activity centers on debt and capital management. ONEOK announced early results and pricing terms of cash tender offers to purchase up to $2 billion in aggregate principal amount of debt securities through its subsidiary OpCo, alongside an amended equity plan establishing a $1 billion equity distribution program. Separately, Bank of America Corp DE reduced its stake in ONEOK by 1.4% in the second quarter, selling 77,738 shares while retaining 5,427,251 shares valued at $471.8 million. Analyst coverage remains at an average "Hold" rating, with a consensus price target cited at $96.06 in one report, while the broader consensus across 16 firms shows 5 buy and 11 hold ratings with no sell ratings, and a consensus target of $101.05.

Looking to the next 20 trading days, ONEOK's next earnings date falls on 27 October 2026, 37 days away and outside this window. The prior quarter showed EPS of $1.53 against an estimate of $1.39, with a -3.5% reaction, and the company has beaten estimates in 5 of the last 8 quarters. Seasonality over five years shows an average 20-day return of 2.5% from this point in the calendar, rising in 3 of those years. No insider, Congress, or unusual options activity appears in the current windows.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $93.46200-day averageGekko Fair Value $141.22

Key stats

Market cap
$58.89B
P/E ratio
16
Forward P/E
14.8
EPS, TTM
$5.83
Revenue, TTM
$39.37B
Profit margin
9.3%
Dividend yield
4.57%
Beta
0.72
Volume
11.73M avg 3.71M
1-year return
+28.3%
Typical daily move
±2.9%
Typical 20-day move
±4.7%
50-day average
$92.87
200-day average
$86.02
Next earnings
Oct 27
Shares outstanding
630.4M
52-week range
$64.02$99.85

ONEOK swing-trade checklist

ONEOK scores 5 supportive, 0 mixed and 0 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

5 supportive0 mixed0 headwinds

  • Trendsupportive

    Above 50 and 200-day

    Close $93.46 is above the 50-day ($92.87) and 200-day ($86.02) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexsupportive

    60.8, Accumulation

    Reading 60.8 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    33.8% below

    Price is 33.8% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 37 days

    Next report Oct 27, 2026, 37 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +2.5% on average

    From this point in the calendar, the next 20 trading days averaged +2.5% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

ONEOK stock chart and price history

ONEOK closed at $93.46 on Sep 18, 2026, +28.3% over the past year, inside a 52-week range of $64.02 to $99.85.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−2.7%
3 months
+9.9%
6 months
+5.7%
1 year
+28.3%
The full OKE chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open OKE in Gekko

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About ONEOK

ONEOK operates within the natural gas business across the United States, taking part in every stage from gathering and processing to storing and moving the product, plus a parallel line of work in natural gas liquids. Its pipeline and plant network sits largely in the Mid-Continent and Rocky Mountain areas, and it also runs gas transmission lines that answer to both federal and state regulators, along with facilities for storing gas underground.

The company groups its work into three parts: gathering and processing, natural gas liquids, and pipelines. On the liquids side it takes part in every step, from collection and treatment through fractionation, transport, storage, marketing and final distribution, using pipelines, terminals and storage sites spread across several central and Rocky Mountain states, backed by truck and rail loading points linked to that network. Buyers of its services include oil and gas producers big and small, other gathering and processing firms, propane distributors, city utilities and ethanol makers.

Separate from its energy assets, ONEOK holds a parking garage and some unused office space in Tulsa, Oklahoma. Its shares trade on the NYSE under the ticker OKE.

Listed
NYSE
Sector
Industrial services
Industry
Oil & gas pipelines
Website
oneok.com

ONEOK GekkoIndex: the smart money zone

ONEOK’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 60.8, in the Accumulation zone, up 7.3 points over five sessions.

010060.8Accumulation

Up 7.3 points over five sessions, from the Neutral zone.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying26+1.2%+1.3%+1.7%+1.6%
Accumulation (current zone)210+0.9%+1.5%+1.2%−1.2%
Neutral386−0.1%+0.1%+1.3%+4.8%
Distribution37+0.6%+1.2%−0.5%+0.7%
Selling3Too few readings yet

Average OKE share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the OKE price, zone by zone.Track OKE in Gekko

Is ONEOK stock overvalued? Gekko Fair Value

ONEOK trades 33.8% below Gekko Fair Value of $141.22, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what ONEOK shares are worth, recalculated every trading day.

$141.22

Gekko Fair Value, Sep 19, 2026

33.8% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open OKE in Gekko

ONEOK insider and Congress trading

No open-market insider purchases were filed for ONEOK, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for OKE in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every OKE insider filing, plotted on the chart in Gekko.Open OKE in Gekko

Congress trades last 90 days

No trades in OKE were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for OKE, plotted on the chart in Gekko.Open OKE in Gekko

Buybacks

ONEOK has been buying back its own shares.

Bought back, quarter ended Dec 31, 2025
$45.00M
As a share of market cap
0.08%

From company filings.

Hedge funds and billionaires quarter ended Dec 31

0of the funds Gekko tracks hold OKE.

0added0opened0trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko

ONEOK earnings: next date and track record

ONEOK reports on Oct 27, 2026 (37 days away), and beat the EPS estimate in 5 of its last 8 reports.

5 of 8reports beat the EPS estimate
±3.3%average move across the report
2 of 8reports followed by a gain

Share-price move across each report

+0.1%Oct ’24−2.4%Feb ’25−6.5%Apr ’25−4.2%Aug ’25−3.0%Oct ’25−5.1%Feb ’26+1.8%Apr ’26−3.5%Aug ’26

Last earnings call, Aug 3, 2026 AI summary

What they said
ONEOK reported Q2 2026 net income of $967 million ($1.53/diluted share), up 13% YoY, with adjusted EBITDA of $2.12 billion, up 7%. Results were driven by record NGL throughput volumes and strong refined products demand. Management raised 2026 financial guidance for the second time this year, increasing net income midpoint to $3.6 billion and adjusted EBITDA midpoint to $8.35 billion. CapEx guidance remains at $2.7-$3.2 billion.
Guidance
2026 net income midpoint raised to $3.6 billion ($5.68 EPS) and adjusted EBITDA to $8.35 billion, up $150M and $250M from original February guidance. Management targets mid- to high single-digit adjusted EBITDA growth over 5-7 years, with CapEx trending toward the upper end of the $2.7-$3.2 billion range.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 3, 2026$1.53
est $1.39
+10.1%$12.05B
est $8.95B
+34.6%−3.5%
Apr 28, 2026$1.23
est $1.30
−5.4%$9.62B
est $8.23B
+16.8%+1.8%
Feb 23, 2026$1.55
est $1.50
+3.3%$9.07B
est $8.75B
+3.6%−5.1%
Oct 28, 2025$1.49
est $1.45
+2.8%$8.63B
est $8.78B
−1.7%−3.0%
Aug 4, 2025$1.34
est $1.33
+0.8%$7.89B
est $7.69B
+2.6%−4.2%
Apr 29, 2025$1.04
est $1.23
−15.4%$8.04B
est $6.57B
+22.4%−6.5%
Feb 24, 2025$1.57
est $1.44
+9.0%$7.00B
est $6.18B
+13.2%−2.4%
Oct 29, 2024$1.18
est $1.23
−4.1%$5.02B
est $5.58B
−10.0%+0.1%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

ONEOK stock forecast and analyst price targets

Analysts’ average 12-month price target for ONEOK is $101.05, +8.1% from the last close, from 16 firms rating the stock in the last 90 days.

$101.05consensus 12-month target, +8.1% from the last close
Low $88High $112
Buy5
Hold11
Sell0

Each firm’s latest rating in the last 90 days: 16 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 11TD CowenHold, reiterated$93−0.5%
Sep 10Stifel NicolausHold, initiated$105+12.3%
Sep 10Goldman SachsHold, maintained$89−4.8%
Sep 10Morgan StanleyHold, reiterated$112+19.8%
Sep 9Morgan StanleyHold, reiterated$112+19.8%
+1.2%average 20-day move after past Accumulation readings
+2.5%average move over the next 20 trading days in the last 5 years
±2.9%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

ONEOK seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, ONEOK averaged +2.5% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

+23.0%2021−10.0%2022+2.6%2023+2.8%2024−4.8%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−1.3%3 of 5
Next 10 trading days−1.2%2 of 5
Next 15 trading days+0.1%2 of 5
Next 20 trading days+2.5%3 of 5
Next 30 trading days+2.1%2 of 5

For scale, OKE’s typical 20-trading-day move in either direction is about 4.7%.

ONEOK market cap and key statistics

ONEOK’s market cap is $58.89B, with a P/E ratio of 16 and revenue of $39.37B over the last twelve months.

Valuation

Market cap
$58.89B
P/E ratio
16
Forward P/E
14.8
EPS, TTM
$5.83
Gekko Fair Value
$141.22

Trading

Volume
11.73M
Avg volume, 20 days
3.71M
52-week high
$99.85
52-week low
$64.02
Shares outstanding
630.4M

Financials

Revenue, TTM
$39.37B
Profit margin
9.3%
Return on equity
16.3%
Quarterly earnings growth, YoY
+14.2%

Risk and income

Beta
0.72
Typical daily move
±2.9%
Typical 20-day move
±4.7%
Dividend yield
4.57%

ONEOK stock news this week

Coverage of ONEOK this week reads positive: 7 positive, 7 neutral and 0 negative headlines.

News sentiment positive

ONEOK peers

ONEOK’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
ENBEnbridge+0.1%Accumulation0.8% below
WMBWilliams Companies+1.0%Accumulation3.5% above
EPDEnterprise Products Partners+0.5%Neutral14.2% below
ETEnergy Transfer+0.6%Neutral36.3% below
KMIKinder Morgan+2.1%Neutral15.5% below
TRPTC Energy−1.3%Accumulation5.9% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

ONEOK stock FAQ

What is ONEOK’s market cap?

ONEOK’s market cap is $58.89B at the Sep 18, 2026 close of $93.46, with 630.4M shares outstanding. The shares trade on a P/E ratio of 16.

What is the ONEOK stock forecast?

The consensus analyst 12-month price target for ONEOK is $101.05, +8.1% from the last close. Of the 16 firms that rated the stock in the last 90 days, 5 rate it a buy, 11 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is ONEOK stock overvalued or undervalued?

On Gekko’s estimate ONEOK is undervalued: the Sep 18, 2026 close of $93.46 is 33.8% below Gekko Fair Value of $141.22. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does ONEOK report earnings next?

ONEOK is expected to report on Oct 27, 2026 (37 days away). Analysts expect earnings of $1.45 per share on revenue of $10.52B. ONEOK beat the earnings estimate in 5 of its last 8 reports, moving 3.3% on average across the report.

What is ONEOK’s 52-week high and low?

ONEOK’s 52-week high is $99.85 and its 52-week low is $64.02; it closed at $93.46 on Sep 18, 2026, +28.3% over the past year.

Is ONEOK stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 5 items with data read as supportive (trend, gekkoindex, fair value, earnings risk and seasonality). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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