(OKE) ONEOK - Ratings and Ratios
Pipelines, Processing, Fractionation, Storage, Transport
OKE EPS (Earnings per Share)
OKE Revenue
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 | 41,982m |
| Sub-Industry | Oil & Gas Storage & Transportation |
| IPO / Inception | 1985-07-01 |
OKE Stock Ratings
| Growth Rating | -4.83% |
| Fundamental | 74.5% |
| Dividend Rating | 65.9% |
| Return 12m vs S&P 500 | -39.2% |
| Analyst Rating | 4.11 of 5 |
OKE Dividends
| Dividend Yield 12m | 6.08% |
| Yield on Cost 5y | 17.61% |
| Annual Growth 5y | 1.30% |
| Payout Consistency | 69.0% |
| Payout Ratio | 75.7% |
OKE Growth Ratios
| Growth Correlation 3m | -87.9% |
| Growth Correlation 12m | -94.8% |
| Growth Correlation 5y | 92.9% |
| CAGR 5y | 7.86% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.19 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.75 |
| Sharpe Ratio 12m | 0.15 |
| Alpha | -44.45 |
| Beta | 1.001 |
| Volatility | 25.11% |
| Current Volume | 4284.5k |
| Average Volume 20d | 4025.1k |
| Stop Loss | 65.7 (-3.1%) |
| Signal | -0.80 |
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (3.34b TTM) > 0 and > 6% of Revenue (6% = 1.89b TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 2.32pp (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 (542.0m) to EBITDA (7.81b) ratio: 0.07 <= 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'' 28.26
| (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) 26.18 = Book Value of Equity 1.99b / Total Liabilities 76.0m |
| Total Rating: 28.26 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 74.51
| 1. Piotroski 5.50pt = 0.50 |
| 2. FCF Yield 12.00% = 5.0 |
| 3. FCF Margin 16.16% = 4.04 |
| 4. Debt/Equity 0.08 = 2.50 |
| 5. Debt/Ebitda 0.07 = 2.50 |
| 6. ROIC - WACC (= -0.87)% = -1.09 |
| 7. RoE 16.23% = 1.35 |
| 8. Rev. Trend 85.13% = 6.38 |
| 9. EPS Trend 66.70% = 3.34 |
What is the price of OKE shares?
Over the past week, the price has changed by +3.22%, over one month by -5.31%, over three months by -8.46% and over the past year by -30.16%.
Is ONEOK a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of OKE is around 60.01 USD . This means that OKE is currently overvalued and has a potential downside of -11.5%.
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 | 89.5 | 32% |
| Analysts Target Price | 89.5 | 32% |
| ValueRay Target Price | 67.9 | 0.1% |
OKE Fundamental Data Overview November 01, 2025
P/E Trailing = 12.2647
P/E Forward = 11.9474
P/S = 1.3301
P/B = 2.0906
P/EG = 1.5315
Beta = 1.001
Revenue TTM = 31.56b USD
EBIT TTM = 6.34b USD
EBITDA TTM = 7.81b USD
Long Term Debt = 31.02b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.74b USD (from shortTermDebt, last quarter)
Debt = 1.74b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 542.0m USD (from netDebt column, last quarter)
Enterprise Value = 42.52b USD (41.98b + Debt 1.74b - CCE 1.20b)
Interest Coverage Ratio = 3.57 (Ebit TTM 6.34b / Interest Expense TTM 1.78b)
FCF Yield = 12.00% (FCF TTM 5.10b / Enterprise Value 42.52b)
FCF Margin = 16.16% (FCF TTM 5.10b / 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 = 0.64 (Enterprise Value 42.52b / Total Assets 66.62b)
Interest Expense / Debt = 25.85% (Interest Expense 450.0m / Debt 1.74b)
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 = 0.08 (Debt 1.74b / totalStockholderEquity, last quarter 22.08b)
Debt / EBITDA = 0.07 (Net Debt 542.0m / EBITDA 7.81b)
Debt / FCF = 0.11 (Net Debt 542.0m / FCF TTM 5.10b)
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 = 12.30% (EBIT 6.34b / Capital Employed (Equity 20.58b + L.T.Debt 31.02b))
RoIC = 9.22% (NOPAT 4.82b / Invested Capital 52.27b)
WACC = 10.10% (E(41.98b)/V(43.72b) * Re(9.70%) + D(1.74b)/V(43.72b) * Rd(25.85%) * (1-Tc(0.24)))
Discount Rate = 9.70% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.57%
[DCF Debug] Terminal Value 76.25% ; FCFE base≈4.15b ; Y1≈5.12b ; Y5≈8.74b
Fair Price DCF = 176.2 (DCF Value 110.87b / Shares Outstanding 629.2m; 5y FCF grow 25.0% → 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