NYSE: OKE

ONEOK (OKE) Stock Analysis & Forecast

Nov 4 close

$88.60−3.34 (−3.6%)

Gekko Brief

AI summaryNov 4 close

ONEOK's third-quarter 2026 results and a wave of analyst price-target increases dominate this week's news. The company reported adjusted net income of $1.350 billion, or $2.13 per share, a 43% increase year-over-year, with revenue of $12.46 billion against a $1.50 consensus estimate. Guidance moved higher again, with adjusted EBITDA guidance raised for the third time to a midpoint of $8.55 billion. Several firms responded with higher targets: Argus to $108, Mizuho to $101, Scotiabank to $97, and Freedom Broker to $110, with Freedom Broker also citing debt reduction, credit-rating upgrades, and the Brazos acquisition integration.

OKE closed at $88.60, down 3.6%, sitting between its 50-day average of $92.73 and 200-day average of $88.98, with mixed one-month (-0.7%) and six-month (3.5%) returns. The GekkoIndex reads 63.5, placing the stock in the Accumulation zone. The gap to Gekko Fair Value of $142.22 stands at -37.7%.

The next earnings date falls on 22 February 2027, 109 days out, beyond a typical 20-trading-day hold. No insider, Congress or unusual options activity appears in the respective 90-day and 30-day windows. Seasonally, the next 20 trading days have averaged a 7.8% gain over 5 years, rising in 4 of them. Consensus among 17 firms stands at 7 buy and 10 hold ratings, with a consensus target of $101.95.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

ONEOK price vs fair value

▲$142.22$88.60Nov ’25May ’26Nov ’26
Close $88.60200-day averageGekko Fair Value $142.22

ONEOK quick facts

Market cap
$55.86B
P/E ratio
15.1
Forward P/E
15.5
EPS, TTM
$6.14
Revenue, TTM
$43.19B
Profit margin
9.4%
Dividend yield
4.46%
Beta
0.74
Volume
5.61M avg 3.08M
1-year return
+35.6%
Typical daily move
±3%
Typical 20-day move
±4.6%
50-day average
$92.73
200-day average
$88.98
Next earnings
Feb 22
Shares outstanding
630.5M
52-week range
$64.02$99.85

ONEOK swing-trade checklist

ONEOK scores 4 supportive, 1 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.

4 supportive1 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $88.60 sits between the 50-day ($92.73) and 200-day ($88.98) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    63.5, Accumulation

    Reading 63.5 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    37.7% below

    Price is 37.7% 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 109 days

    Next report Feb 22, 2027, 109 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +7.8% on average

    From this point in the calendar, the next 20 trading days averaged +7.8% over 5 years, rising in 4 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 $88.60 on Nov 4, 2026, +35.6% over the past year, inside a 52-week range of $64.02 to $99.85.

Close50-day average200-day averageVolume
ONEOK share price, past year, with 50-day and 200-day moving averages and volume$70$80DecJan 2026FebMarAprMayJunJulAugSepOct88.60

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

Performance Breakdown

1 month
−0.7%
3 months
+0.8%
6 months
+3.5%
1 year
+35.6%
The full OKE chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open OKE in Gekko

Follow ONEOK through every session

Put OKE on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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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 63.5, in the Accumulation zone, up 10.8 points over five sessions.

010063.5Accumulation

Up 10.8 points over five sessions, from the Neutral zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying28+1.4%+1.8%+2.4%+1.6%
Accumulation (current zone)223+0.9%+1.4%+1.4%−1.0%
Neutral406−0.1%0.0%+1.0%+4.4%
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 +2.0% 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 37.7% below Gekko Fair Value of $142.22, so the shares are undervalued on Gekko’s estimate.

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

$142.22

Gekko Fair Value, Nov 4, 2026

37.7% Undervalued

At the end of Aug 2026 the price was 37.0% below the estimate.

Gekko Fair ValueShare price, month end
$142$92Aug 2026SepOctNov 2026

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 Feb 22, 2027 (109 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 $101.95, +15.1% from the last close, from 17 firms rating the stock in the last 90 days.

$101.95consensus 12-month target, +15.1% from the last close
Low $88High $112
Buy7
Hold10
Sell0

Each firm’s latest rating in the last 90 days: 17 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Nov 4Mizuho SecuritiesHold, maintained$101+14.0%
Nov 3Morgan StanleyHold, reiterated$112+26.4%
Nov 3ScotiabankHold, maintained$97+9.5%
Nov 2Freedom Capital MarketsBuy, maintained$110+24.2%
Oct 30Stifel NicolausHold, maintained$100+12.9%
+1.4%average 20-day move after past Accumulation readings
+7.8%average move over the next 20 trading days in the last 5 years
±3%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 Nov 4, ONEOK averaged +7.8% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

−5.4%2021+7.5%2022+4.5%2023+15.5%2024+16.5%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+4.8%3 of 5
Next 10 trading days+6.3%4 of 5
Next 15 trading days+6.2%4 of 5
Next 20 trading days+7.8%4 of 5
Next 30 trading days+3.5%4 of 5

For scale, OKE’s typical 20-trading-day move in either direction is about 4.6%.

ONEOK market cap and key statistics

ONEOK’s market cap is $55.86B, with a P/E ratio of 15.1 and revenue of $43.19B over the last twelve months.

Valuation

Market cap
$55.86B
P/E ratio
15.1
Forward P/E
15.5
EPS, TTM
$6.14
Gekko Fair Value
$142.22

Trading

Volume
5.61M
Avg volume, 20 days
3.08M
52-week high
$99.85
52-week low
$64.02
Shares outstanding
630.5M

Financials

Revenue, TTM
$43.19B
Profit margin
9.4%
Return on equity
15%
Quarterly earnings growth, YoY
+43.0%

Risk and income

Beta
0.74
Typical daily move
±3%
Typical 20-day move
±4.6%
Dividend yield
4.46%

ONEOK stock news this week

Coverage of ONEOK this week reads positive: 12 positive, 9 neutral and 2 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−0.3%Neutral0.8% above
WMBWilliams Companies−4.9%Accumulation2.1% below
EPDEnterprise Products Partners−1.4%Neutral19.9% below
KMIKinder Morgan−3.4%Accumulation17.1% below
ETEnergy Transfer−0.5%Neutral40.3% below
TRPTC Energy−1.3%Neutral2.0% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

More stocks in Oil & gas pipelines

ONEOK stock FAQ

What is ONEOK’s market cap?

ONEOK’s market cap is $55.86B at the Nov 4, 2026 close of $88.60, with 630.5M shares outstanding. The shares trade on a P/E ratio of 15.1.

What is the ONEOK stock forecast?

The consensus analyst 12-month price target for ONEOK is $101.95, +15.1% from the last close. Of the 17 firms that rated the stock in the last 90 days, 7 rate it a buy, 10 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 Nov 4, 2026 close of $88.60 is 37.7% below Gekko Fair Value of $142.22. 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 Feb 22, 2027 (109 days away). Analysts expect earnings of $1.48 per share on revenue of $10.34B. 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 $88.60 on Nov 4, 2026, +35.6% over the past year. Over the last five years the shares peaked at $118.07 on Nov 22, 2024.

Is ONEOK stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 5 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality), 1 as mixed (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each 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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