(OKE) ONEOK - Ratings and Ratios
Pipelines, Processing, Fractionation, Storage, Transport
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 23.1% |
| Value at Risk 5%th | 39.0% |
| Relative Tail Risk | 2.79% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.34 |
| Alpha | -46.83 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.453 |
| Beta | 0.940 |
| Beta Downside | 1.359 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.17% |
| Mean DD | 11.00% |
| Median DD | 4.97% |
Description: OKE ONEOK September 29, 2025
ONEOK, Inc. (NYSE: OKE) is a U.S. midstream energy company that provides gathering, processing, fractionation, transportation, storage, and marine export services across four primary segments: Natural Gas Gathering & Processing, Natural Gas Liquids (NGL), Natural Gas Pipelines, and Refined Products & Crude.
The firm’s asset base spans the Mid-Continent, Permian Basin, North Texas, Gulf Coast, and Rocky Mountain regions, where it operates extensive natural-gas gathering pipelines, NGL fractionation and storage facilities, and regulated interstate and intrastate natural-gas transmission pipelines. In addition to energy infrastructure, ONEOK owns a downtown Tulsa parking garage and leases a portfolio of industrial real-estate and equipment assets.
Key financial metrics from the most recent fiscal year (FY 2024) include adjusted EBITDA of roughly **$5.1 billion**, a **dividend yield of ~5.5 %** with a 5 % YoY increase, and capital expenditures of **$2.2 billion** focused on pipeline expansion and NGL processing capacity. Utilization rates on its core natural-gas pipelines averaged **≈85 %**, while NGL processing volumes reached **1.9 billion cubic feet equivalent (Bcfe)**, reflecting strong demand for propane and ethane in the petrochemical sector.
Sector-level drivers that materially affect ONEOK’s outlook are: (1) sustained growth in U.S. natural-gas production, especially from the Permian and Haynesville basins; (2) rising demand for NGLs as feedstock for petrochemical and plastics manufacturing, supported by higher ethane-to-propylene conversion margins; and (3) the expanding U.S. LNG export market, which boosts upstream gas output and, consequently, midstream throughput volumes.
For a deeper quantitative view of ONEOK’s valuation metrics and scenario analysis, the ValueRay platform offers a concise dashboard you may find useful.
OKE Stock Overview
| Market Cap in USD | 43,724m |
| Sub-Industry | Oil & Gas Storage & Transportation |
| IPO / Inception | 1985-07-01 |
| Return 12m vs S&P 500 | -40.4% |
| Analyst Rating | 4.11 of 5 |
OKE Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 5.84% |
| Yield on Cost 5y | 15.69% |
| Yield CAGR 5y | 1.30% |
| Payout Consistency | 87.8% |
| Payout Ratio | 75.7% |
OKE Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 9.12% |
| CAGR/Max DD Calmar Ratio | 0.22 |
| CAGR/Mean DD Pain Ratio | 0.83 |
| Current Volume | 4122.8k |
| Average Volume | 4284.5k |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (3.34b TTM) > 0 and > 6% of Revenue (6% = 1.89b TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA -0.95pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -1.74% (prev -3.43%; Δ 1.68pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 5.66b > Net Income 3.34b (YES >=105%, WARN >=100%) |
| Net Debt (32.53b) to EBITDA (7.81b) ratio: 4.16 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.90 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (628.1m) change vs 12m ago 7.06% (target <= -2.0% for YES) |
| Gross Margin 21.26% (prev 24.69%; Δ -3.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 53.65% (prev 38.94%; Δ 14.71pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.57 (EBITDA TTM 7.81b / Interest Expense TTM 1.78b) >= 6 (WARN >= 3) |
Altman Z'' 0.82
| (A) -0.01 = (Total Current Assets 5.18b - Total Current Liabilities 5.74b) / Total Assets 66.62b |
| (B) 0.03 = Retained Earnings (Balance) 2.05b / Total Assets 66.62b |
| (C) 0.11 = EBIT TTM 6.34b / Avg Total Assets 58.83b |
| (D) 0.04 = Book Value of Equity 1.99b / Total Liabilities 44.46b |
| Total Rating: 0.82 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 66.83
| 1. Piotroski 3.50pt |
| 2. FCF Yield 3.83% |
| 3. FCF Margin 9.25% |
| 4. Debt/Equity 1.53 |
| 5. Debt/Ebitda 4.16 |
| 6. ROIC - WACC (= 3.28)% |
| 7. RoE 16.23% |
| 8. Rev. Trend 85.13% |
| 9. EPS Trend 66.70% |
What is the price of OKE shares?
Over the past week, the price has changed by +2.43%, over one month by +2.68%, over three months by -3.76% and over the past year by -33.43%.
Is OKE a buy, sell or hold?
- Strong Buy: 8
- Buy: 5
- Hold: 6
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the OKE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 89.3 | 26.6% |
| Analysts Target Price | 89.3 | 26.6% |
| ValueRay Target Price | 72.3 | 2.5% |
OKE Fundamental Data Overview November 20, 2025
P/E Trailing = 12.7629
P/E Forward = 11.4155
P/S = 1.3852
P/B = 1.9623
P/EG = 1.4261
Beta = 0.935
Revenue TTM = 31.56b USD
EBIT TTM = 6.34b USD
EBITDA TTM = 7.81b USD
Long Term Debt = 31.99b USD (from longTermDebt, last quarter)
Short Term Debt = 1.74b USD (from shortTermDebt, last quarter)
Debt = 33.73b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 32.53b USD (from netDebt column, last quarter)
Enterprise Value = 76.25b USD (43.72b + Debt 33.73b - CCE 1.20b)
Interest Coverage Ratio = 3.57 (Ebit TTM 6.34b / Interest Expense TTM 1.78b)
FCF Yield = 3.83% (FCF TTM 2.92b / Enterprise Value 76.25b)
FCF Margin = 9.25% (FCF TTM 2.92b / Revenue TTM 31.56b)
Net Margin = 10.58% (Net Income TTM 3.34b / Revenue TTM 31.56b)
Gross Margin = 21.26% ((Revenue TTM 31.56b - Cost of Revenue TTM 24.86b) / Revenue TTM)
Gross Margin QoQ = 19.17% (prev 19.54%)
Tobins Q-Ratio = 1.14 (Enterprise Value 76.25b / Total Assets 66.62b)
Interest Expense / Debt = 1.33% (Interest Expense 450.0m / Debt 33.73b)
Taxrate = 24.01% (297.0m / 1.24b)
NOPAT = 4.82b (EBIT 6.34b * (1 - 24.01%))
Current Ratio = 0.90 (Total Current Assets 5.18b / Total Current Liabilities 5.74b)
Debt / Equity = 1.53 (Debt 33.73b / totalStockholderEquity, last quarter 22.08b)
Debt / EBITDA = 4.16 (Net Debt 32.53b / EBITDA 7.81b)
Debt / FCF = 11.14 (Net Debt 32.53b / FCF TTM 2.92b)
Total Stockholder Equity = 20.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.01% (Net Income 3.34b / Total Assets 66.62b)
RoE = 16.23% (Net Income TTM 3.34b / Total Stockholder Equity 20.58b)
RoCE = 12.07% (EBIT 6.34b / Capital Employed (Equity 20.58b + L.T.Debt 31.99b))
RoIC = 9.07% (NOPAT 4.82b / Invested Capital 53.16b)
WACC = 5.79% (E(43.72b)/V(77.45b) * Re(9.48%) + D(33.73b)/V(77.45b) * Rd(1.33%) * (1-Tc(0.24)))
Discount Rate = 9.48% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.57%
[DCF Debug] Terminal Value 74.85% ; FCFE base≈2.84b ; Y1≈3.14b ; Y5≈4.08b
Fair Price DCF = 87.47 (DCF Value 55.04b / Shares Outstanding 629.2m; 5y FCF grow 12.17% → 3.0% )
EPS Correlation: 66.70 | EPS CAGR: 12.41% | SUE: 0.48 | # QB: 0
Revenue Correlation: 85.13 | Revenue CAGR: 21.69% | SUE: 0.12 | # QB: 0
Additional Sources for OKE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle