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ONEOK Inc (OKE)

Upturn stock ratingUpturn stock rating
$81.25
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
  • ALL
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Upturn Advisory Summary

06/27/2025: OKE (3-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

19 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $106.08

Year Target Price $106.08

Analyst’s Price TargetsFor last 52 week
$106.08Target price
Low$74.38
Current$81.25
high$115.36

Analysis of Past Performance

Type Stock
Historic Profit 49.23%
Avg. Invested days 83
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 50.75B USD
Price to earnings Ratio 15.87
1Y Target Price 105.36
Price to earnings Ratio 15.87
1Y Target Price 105.36
Volume (30-day avg) -
Beta 0.93
52 Weeks Range 74.38 - 115.36
Updated Date 06/29/2025
52 Weeks Range 74.38 - 115.36
Updated Date 06/29/2025
Dividends yield (FY) 5.07%
Basic EPS (TTM) 5.12

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 12.15%
Operating Margin (TTM) 15.69%

Management Effectiveness

Return on Assets (TTM) 6.05%
Return on Equity (TTM) 16.41%

Valuation

Trailing PE 15.87
Forward PE 14.16
Enterprise Value 82650388918
Price to Sales(TTM) 2.03
Enterprise Value 82650388918
Price to Sales(TTM) 2.03
Enterprise Value to Revenue 3.31
Enterprise Value to EBITDA 11.94
Shares Outstanding 624632000
Shares Floating 622814798
Shares Outstanding 624632000
Shares Floating 622814798
Percent Insiders 0.19
Percent Institutions 74.91

Analyst Ratings

Rating 4.11
Target Price 106.08
Buy 5
Strong Buy 8
Buy 5
Strong Buy 8
Hold 6
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

ONEOK Inc

stock logo

Company Overview

overview logo History and Background

ONEOK Inc. was founded in 1906 as Oklahoma Natural Gas Company. It has evolved from a local utility to a diversified energy company focused on natural gas and natural gas liquids (NGL) midstream services. Major milestones include expansion into NGL transportation and processing, and strategic acquisitions to strengthen its position in key basins.

business area logo Core Business Areas

  • Natural Gas Gathering and Processing: ONEOK gathers, processes, treats, and transports natural gas in the Mid-Continent, Permian, and Rocky Mountain regions. This segment focuses on optimizing NGL recovery and providing reliable takeaway capacity for producers.
  • Natural Gas Liquids: ONEOK owns and operates an extensive NGL pipeline system, connecting key supply basins to fractionation and distribution markets. Services include fractionation, transportation, storage, and marketing of NGLs.
  • Natural Gas Pipelines: ONEOK transports natural gas to key markets in the Mid-Continent and Gulf Coast regions through a network of interstate pipelines. This segment focuses on providing reliable and efficient transportation services to meet the needs of utilities and other end-users.

leadership logo Leadership and Structure

The company is led by Pierce H. Norton III (President and CEO). ONEOK has a hierarchical organizational structure with distinct business units and functional departments, overseen by a Board of Directors.

Top Products and Market Share

overview logo Key Offerings

  • NGL Transportation: ONEOK operates a vast NGL pipeline network. Market share is estimated at approximately 20% in the Mid-Continent region. Competitors include Enterprise Products Partners and Energy Transfer Partners. Revenue is difficult to determine specifically for just this segment.
  • Natural Gas Processing: ONEOK owns and operates natural gas processing plants. This segment is important for extracting NGLs from natural gas. Competitors include Kinder Morgan and Williams Companies. Specific market share and revenue figures are difficult to determine.

Market Dynamics

industry overview logo Industry Overview

The midstream energy industry is driven by increasing natural gas and NGL production, especially from shale plays. Demand for transportation, processing, and fractionation services is growing. Regulatory and environmental pressures are increasing.

Positioning

ONEOK is a leading midstream service provider with a strong presence in key basins. Its competitive advantages include an extensive pipeline network, strategically located processing facilities, and long-term contracts with producers. They are positioning themselves for growth through strategic capital projects.

Total Addressable Market (TAM)

The global midstream oil and gas market is expected to reach $832.4 billion by 2028. ONEOK is well-positioned to capture a significant portion of this market through its infrastructure and strategic investments.

Upturn SWOT Analysis

Strengths

  • Extensive pipeline network
  • Strategic asset locations
  • Integrated service offerings
  • Strong financial position
  • Long-term contracts

Weaknesses

  • Exposure to commodity price fluctuations
  • Dependence on producer activity
  • Regulatory risks
  • Potential environmental liabilities

Opportunities

  • Expansion into new basins
  • Increased demand for NGLs
  • Infrastructure development
  • Acquisitions and partnerships

Threats

  • Declining production in some basins
  • Increased competition
  • Changes in government regulations
  • Environmental activism
  • Economic downturns

Competitors and Market Share

competitor logo Key Competitors

  • ET
  • MPLX
  • WMB
  • KMI

Competitive Landscape

ONEOK competes with other large midstream companies based on infrastructure, service offerings, and geographic presence. Its advantages include an integrated system and strategic locations. Disadvantages could include exposure to specific regions or commodity prices.

Major Acquisitions

Magellan Midstream Partners

  • Year: 2023
  • Acquisition Price (USD millions): 18800
  • Strategic Rationale: Expanded footprint in refined products and crude oil pipelines, diversification.

Growth Trajectory and Initiatives

Historical Growth: ONEOK has experienced growth through organic expansion and acquisitions. Growth has been driven by increased production in key basins and growing demand for NGLs.

Future Projections: Analyst projections vary, but generally expect continued growth in earnings and cash flow, driven by infrastructure development and rising demand for midstream services.

Recent Initiatives: Recent initiatives include investments in new pipelines and processing facilities, and strategic acquisitions to expand its footprint.

Summary

ONEOK is a leading midstream energy company with a strong presence in key basins. The recent acquisition of Magellan makes them even more powerful and diversified. The company's extensive infrastructure and integrated service offerings provide a competitive advantage. Potential challenges include commodity price volatility and regulatory risks. Solid financial performance and strategic investments drive shareholder value.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • ONEOK Inc. Investor Relations
  • SEC Filings
  • Industry Reports
  • Analyst Estimates
  • Company Press Releases

Disclaimers:

This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change, affecting the accuracy of the analysis.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About ONEOK Inc

Exchange NYSE
Headquaters Tulsa, OK, United States
IPO Launch date 1985-07-01
President, CEO & Director Mr. Pierce H. Norton II
Sector Energy
Industry Oil & Gas Midstream
Full time employees 5177
Full time employees 5177

ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.