Oneok (OKE)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-10-29
$97.07+1.30%
Close 2026-10-30 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-10-29
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 37% 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 case rests on steady financial performance and continued earnings growth through repeated guidance increases. Revenue grew 53% year over year in Q2, and Q3 GAAP earnings beat consensus by 45.9%. OKE trades at 14.7× P/E versus 21.5× for peers and 15.9× historically. The price reflects less growth than our forecast, despite recent guidance increases. The next-quarter miss probability is 25%, and reversing raised guidance would damage credibility. Peer multiples imply a price about 3% below where it trades. Our read remains intact; this read is provisional.
Trailing returns as of 2026-10-30. OKE is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 22 analysts currently covering OKE (as of Oct 2026).
Based on 11 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 12 valuation methods, at three horizons. As of 2026-10-30. 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.
Advances: Increase Adjusted EBITDA guidance
Higher 2026 EBITDA midpoint advances guidance; leverage target adds capital-discipline context.
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 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $97.07
The last 12 months of price, then the range of analyst 12-month targets from today’s $97.07.
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.
Around the middle on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Increase and update 2026 earnings guidance
Quarterly earnings call provides management commentary on 2026 guidance and execution against growth objectives.
Advances: Increase EPS guidance
Second guidance raise supports EPS growth objective.
Advances: Increase Adjusted EBITDA guidance
Upgrade supports growth and increases investor confidence.
Acquisition supports growth and EBITDA guidance.
Threatens: Maintain capital expenditure range of $2.7B to $3.2B
Acquisition funding may impact capital expenditure management.
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.