ONEOK, Inc. (OKE) Stock Analysis
Latest ClaritX AI analysis ·
ONEOK, Inc., along with its subsidiaries, functions as a leading energy infrastructure company within the United States. Its primary focus is the comprehensive management of natural gas, encompassing gathering, processing, storage, and transportation. These operations are structured into three distinct segments: Natural Gas Gathering and Processing, Natural Gas Liquids (NGL), and Natural Gas Pipelines. The company owns an extensive system of natural gas gathering pipelines and processing plants, predominantly situated in the Mid-Continent and Rocky Mountain regions. Furthermore, ONEOK manages both federally (FERC) and state-regulated interstate and intrastate natural gas transmission pipelin
| Metric | Value |
|---|---|
| Price | $93.31 |
| Market cap | $58.8B |
| Sector | Energy |
| Industry | Oil & Gas Midstream |
| ClaritX AI score | 81/100 |
| Price/Book | 2.57 |
| Dividend yield | 4.54% |
| Beta | 0.72 |
AI verdict
ONEOK, Inc. (OKE) represents a fundamentally elite energy infrastructure asset that successfully bridges highly defensive, fee-based income with aggressive secular macroeconomic growth. The equity currently trades at $93.31, situating it approximately 6.55% below its absolute 52-week high of $99.85. Crucially, the stock operates with a deeply insulated beta of 0.719, structurally buffering institutional portfolios against systemic volatility. A low-beta asset operating just 6.5% off its 52-week high, supported by an RSI of 61.61, demonstrates sustainable institutional accumulation backed by robust unit economics, rather than speculative retail euphoria. The technical posture is flawless, with the stock trading comfortably above its 20, 50, and 200-day moving averages. Fundamentally, the overarching investment thesis is validated by the recent closures of the $4.425 billion Brazos Midstream and $2.6 billion Medallion acquisitions. Bankrolled heavily by a structurally brilliant $9 billion Apollo minority equity investment, these deals are immediately accretive, justifying management's aggressive $8.35 billion EBITDA guidance. Generating unencumbered organic Free Cash Flow of $4.61 per share, ONEOK securely covers its freshly declared $4.28 dividend (yielding 4.54%). Offering a flawless 5/5 DCF valuation score and an elite 16.28% ROE, ONEOK is a highly convicted allocation for both income and growth. Rating 81/100
What this score has been worth
ClaritX scores OKE 81 out of 100, ranking it #15 among stock in the live ClaritX ranking (snapshot 2026-10-21).
Every ClaritX analysis is scored first and judged only on what the stock did afterwards. Across the 193 analyses that scored in the 80-84 band, the average forward return was -0.3% with a 50% win rate, -5.1pp against the S&P 500. That is a measured tendency across many names, not a forecast for OKE — roughly 50% of stocks in this band still lost money.
The full band-by-band table, including the bands that lost, is on the AI Rank Report; the live strategy arms behind it are on the AI Track Record, losses published.