ONEOK, Inc. — Oil & Gas Midstream. Scored on the same transparent model behind the daily rankings.
★
OKE
ONEOK, Inc. · Oil & Gas Midstream
FCF$2.8bB
Rev+40.8%A
D/E1.43C
P/E16.4xB
PEG1.97C+
49.2Score
$94.72$59.7B
1Y Target$96.62Analyst consensus · 21 analysts
5Y Target$141.46Compound horizon
10Y Target$209.85Long-dated conviction
FCF$2.8bTTMB
FCF $2.8b — solid, comfortably covers operations and capital return
Rev+40.8%TTM YoYA
Revenue +40.8% — hypergrowth, top decile
D/E1.43C
D/E 1.43 — more levered than most Energy peers (≈90th pctile)
P/E16.4xB
P/E 16.4 — near the Energy median (≈60th pctile)
PEG1.97C+
PEG 1.97 — modest premium; above fair value
Forward price target — the 1-year figure is the analyst consensus where the stock is covered; the 5- and 10-year figures compound our earnings estimate from there. The DCF below is a separate cross-check on intrinsic value (what it's worth today), not another target.
Quality-growth score · 49.2
Quality66.3
Growth50.0
Value36.0
Why this score
Cyclical growth
Entry · Margin of safety
52-week rangeNear 52-week high
3% off the 12-month high
vs DCF fair value5% aboveest. fair value ~$91
What the price assumes: free cash flow compounding at ~6% a year for the next decade — vs the ~6% a year our model projects from current growth and analyst estimates.
Quality signals · context only
Gross profitability16% · C+gross profit ÷ total assets (Novy-Marx)
ROIC8.6% · Breturn on invested capital — not score-weighted
Model-generatedGenerated by the Bull Rankings model from this company's reported fundamentals, and checked against the figures shown above.
Why now
ONEOK’s dominance in NGL gathering, processing and fractionation across the Permian and Mid‑Continent fuels a revenue surge of 40.8% YoY, translating into $2.8 B of free cash flow and a modest PE of 16.4×—a rare growth‑value sweet spot. Our Bull Rankings model awards a Quality‑growth score of 49.2, with Quality (66) as the strongest pillar, underscoring the durability of its midstream contracts. The thesis hinges on continued NGL demand outpacing supply, keeping cash conversion high and compounding earnings.
Moat
OKE’s extensive NGL gathering pipelines and fractionation terminals create high switching costs for producers, locking in long‑term take‑or‑pay contracts that competitors can’t replicate quickly. This asset‑heavy network drives a solid ROE of 15.9%, reflecting pricing power from being the primary conduit for NGLs in its served basins.
Risk
The reverse‑DCF implies a required 6% annual FCF growth for the next decade—far below the current 40.8% revenue expansion—meaning the market has already priced in aggressive optimism. A pull‑back in NGL volumes or a rise in the debt‑to‑equity ratio to 1.43 could compress margins and trigger a valuation correction. The bear case materialises if the cyclical gas market softens and the implied growth gap widens, pushing the stock below its 52‑week low of $64.02.
Horizon
1-3 yr $96.62 (21-analyst consensus) — fundamentals + valuation re-rating. 5 yr $141.46 at ~8% CAGR — compounding case rests on the competitive position widening. 10 yr $209.85 if current growth sustains into durable earnings power.
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.
OKE vs the Top Picks average
Pillar
OKE
Book avg
Diff
Quality
0.66
0.83
-0.17
Growth
0.50
0.87
-0.37
Value
0.36
0.76
-0.40
Averaged across the 30 names in today's Top Picks (mean score 81.6). A name can beat these averages and still be absent from the book — it also applies concentration limits.
Score history · OKE
Trend
-2.5 over 51 daily scores
From 51.7 (Jun 22) → 49.2 (now)
One point per daily model run. The range autoscales, so a flat-looking line can still hide 1–2 point moves — read the From → To values for the actual range.
OKE at a glance
Every figure here comes from the same audited fundamentals behind the score. Charts drawn from data the score does not use say so on the card.
Analyst estimate revisions
30-day change
+1.5%
90-day change
+1.8%
Forward EPS estimate
$6.29
Over the last 90 days, what analysts expect OKE to earn is drifting higher (+1.8%). The estimate is derived from price and forward P/E captured at the same instant, so a moving share price does not move this number — only a changed forecast does.
A rising estimate means expectations are improving, not that the price has failed to keep up — and estimates get cut as readily as they get raised. It is not part of the Bull Rankings score. Biggest movers across the market →
Position sizing · OKE
$
%
%
Shares to buy
21
Position size
$1,989
4.0% of portfolio
Stop price
$71.04
25% below $94.72
$ at risk if stopped
$497.28
budget $500.00 · 1% of portfolio
Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.
ONEOK, Inc. (OKE): score, valuation & FAQ
ONEOK, Inc. (OKE) is a Oil & Gas Midstream company that scores 49.2 out of 100 on the Bull Rankings quality-growth model — a below-average reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.
Its strongest graded signals are Rev (A). On valuation, OKE sits about 5% above our discounted-cash-flow fair value — the current price implies roughly 6% annual free-cash-flow growth over the next decade.
Is OKE a good stock to buy?
Bull Rankings scores OKE 49.2 out of 100 on its quality-growth model, which is a below-average reading. That is driven by Rev (A). A score is a quantitative screen of ONEOK, Inc.'s fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.
Why does OKE score 49.2 on Bull Rankings?
The score leans on quality at 66.3 out of 100, with value the weakest pillar at 36.0 — the three combine geometrically, so a weak one cannot be papered over by a strong one. OKE earns its highest marks on Rev (A). Each signal is graded against sector-aware thresholds rather than one absolute bar, so OKE is measured against Oil & Gas Midstream peers, not against the market as a whole.
Is OKE overvalued or undervalued?
Based on $94.72, OKE sits about 5% above our discounted-cash-flow fair value — the current price implies roughly 6% annual free-cash-flow growth over the next decade. It trades at a 16.4x P/E (graded B). Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.
What are the main risks of investing in OKE?
The reverse‑DCF implies a required 6% annual FCF growth for the next decade—far below the current 40.8% revenue expansion—meaning the market has already priced in aggressive optimism. A pull‑back in NGL volumes or a rise in the debt‑to‑equity ratio to 1.43 could compress margins and trigger a valuation correction. The bear case materialises if the cyclical gas market softens and the implied growth gap widens, pushing the stock below its 52‑week low of $64.02.
Bull Rankings is an automated fundamentals screen for research and education. It is not investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a licensed financial advisor.