COMPARE · Reviewed August 7, 2026
OKE vs TRGP
Verdict: Side-by-side breakdown using the Bull Rankings model. OKE scored 52.7, TRGP scored 57.4 — TRGP leads.
Compare another set
OKE
ONEOK, Inc.
52.7
$86.42 · $54.5B
fundamentals as of
Score gap
4.7
TRGP leads
TRGP
Targa Resources Corp.
57.4
$256.87 · $55.1B
fundamentals as of
The model, pillar by pillar (0–100 each)
OKE
stronger →← stronger
TRGP
66
Qualityreturns · margins · balance sheet
78
50
Growthrevenue & earnings expansion
50
44
Valuevaluation vs sector peers
49
TRGP is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
OKE
TRGP
$2.8bB
FCF
$741mC+
+40.8%A
Rev
-2.0%D+
1.43C
D/E
5.85D
14.9xB
P/E
24.6xC+
2.08C
PEG
1.25B
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
OKE
TRGP
4% below
Price vs fair valuelower is cheaper
279% above
~4%/yr
Growth the price implies10-yr FCF · lower = less priced in
~38%/yr
+1%
1-yr DCF upside
-74%
+5%
5-yr DCF upside
-74%
+11%
10-yr DCF upside
-73%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
OKE
Why this score
- Cyclical growth
TRGP
Why this score
- Raising its dividend
- Durable high returns
- Revenue shrinking
The companies
OKEONEOK, Inc.
Why now
Oil & Gas Midstream · market cap $54.5b. 10% off the 52-week high of $96.07. Revenue growing +41% — in hypergrowth territory. 21 sell-side analysts rate this a Buy with a mean 1-yr target of $96.14 (implying +11% upside).
Moat
ROE 16% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. $54.5b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Dividend payout 73% of earnings on a 4.9% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
TRGPTarga Resources Corp.
Why now
Oil & Gas Midstream · market cap $55.1b. 12% off the 52-week high of $291.04. 21 sell-side analysts rate this a Buy with a mean 1-yr target of $297.29 (implying +16% upside).
Moat
Net margin 14% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 62% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. $55.1b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
D/E 5.85 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.