Oneok (OKE)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
$95.43-0.33%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-09-04
Research Workspace
Put OKE beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Energy is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 41% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationRelatively steady — typically moves about 1% a day.
View RiskMostly healthy — no soft spokes
OKE's growth depends on its recent acquisition of Brazos Midstream's assets for $4.43 billion. Revenue grew 53% year over year, and the last quarter beat expectations by 10%. It trades at 16× P/E versus a peer median of 23×, indicating the price reflects less growth than forecast. If OKE cuts guidance after recently raising it, that could damage credibility. Peer multiples imply a price about 11% below where it trades (it looks expensive on this basis).
Trailing returns as of 2026-09-04. OKE is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 23 analysts currently covering OKE (as of Sep 2026).
Based on 8 Wall Street analysts offering 12-month price targets for OKE in the last 4 months.
Continue this research
Compare OKE with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| OKE Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Oil & Gas Storage & Transportation — fair value, gap to price, and forward P/E.
Compare the value case
Put OKE next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Maintain capital expenditure range of $2.7B to $3.2B
Acquisition funding may impact capital expenditure management.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $95.43
The last 12 months of price, then the range of analyst 12-month targets from today’s $95.43.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Complete strategic growth projects and expansions
Acquisition supports strategic growth projects and expansions.
Advances: Complete strategic growth projects and expansions
Acquisition supports strategic growth projects and expansions.
Advances: Complete strategic growth projects and expansions
Acquisition supports expansion in key growth area.
Advances: Complete strategic growth projects and expansions
Acquisition supports strategic growth projects and expansions.
Advances: Increase Adjusted EBITDA guidance
Raised guidance supports growth in Adjusted EBITDA.
Earnings miss could impact future guidance and investor confidence.
Missed estimates may lead to lowered future expectations.
