OKE
Energy · Oil & Gas Midstream
Performance
OKE (OKE) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
OKE (OKE) operates in the Oil & Gas Midstream space within the Energy sector. With a market cap of $54.4B, it qualifies as a mid-cap company. The company is growing revenue strongly while maintaining healthy profitability — a combination that investors typically reward with a premium valuation.
- Forward P/E (14.0×) is lower than trailing P/E (15.4×) — analysts expect earnings to improve
- Revenue growth of 20% YoY shows solid business momentum
- Healthy profit margin of 10.0%
- ROE of 15.9% shows management efficiently converts equity into profit
- Dividend yield of 4.89% provides consistent income on top of price appreciation
- High debt-to-equity of 149.64× increases financial risk, especially with elevated interest rates
- Current ratio below 1 (0.71×) — short-term liabilities exceed current assets
Verdict
Strong Buy
Multiple fundamental strengths with few red flags. Long-term buyers may find this compelling.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Related Articles
Revenue & Results
Dividends
Current DY
4.89%
5Y Avg Annual
$3.5560
Last Payment
$1.0700
Ex-Date
05/04/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest05/04/2026 | 05/15/2026 | $1.0700 | 4.96% |
02/02/2026 | 02/13/2026 | $1.0700 | 4.96% |
11/03/2025 | 11/14/2025 | $1.0300 | 4.77% |
08/01/2025 | 08/12/2025 | $1.0300 | 4.77% |
05/05/2025 | 05/16/2025 | $1.0300 | 4.77% |
02/03/2025 | 02/14/2025 | $1.0300 | 4.77% |
11/01/2024 | 11/12/2024 | $0.9900 | 4.59% |
08/01/2024 | 08/12/2024 | $0.9900 | 4.59% |
Magic Number
Shares needed to self-fund your next purchase
$86.35
Price
$1.0700
Last div. (quarterly)
81
shares
Own 81 OKE shares ($6,994.49) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$6,994.49
New shares / year
+4 shares
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
Earnings
EPS (TTM)
$5.61
P/E (TTM)
15.4
Fwd P/E
14.0
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Key Statistics
Valuation
Trading
Dividends
Profitability
Balance Sheet
Fair Value Estimates
Current price: $86.35
Graham Number
√(22.5 × EPS × Book Value)
$66.93
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$64.60
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
8/10
80% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
15.9%Return on equity — measures how efficiently capital is used
Positive profit margin
10.0%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
+19.6%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+18.0%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
149.64×Low financial leverage reduces risk of distress
Current ratio above 1
0.71×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$382M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
4.89%Stock must distribute income to shareholders
Related Assets
Energy
About OKE
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.