Tulsa, Oklahoma-based ONEOK, Inc. (OKE) operates as a midstream service provider of collection, processing, distribution, transportation, storage, and marine export services in the United States. The company has a market capitalization of $53.4 billion and operates through natural gas gathering and processing, natural gas liquids, natural gas pipelines, and refined products and crude components.
Companies with a market capitalization of $10 billion or more are usually called “large-cap stocks.” OKE fits neatly into this category, with its market size above this threshold, reflecting its significant size and influence in the oil and gas midstream industry.
The stock hit its 52-week high of $103.64 on March 25, 2025, and is currently trading 18.2% below that peak. OKE stock is up 11.3% over the past three months, outperforming the S&P 500 Index ($SPX)’s marginal gain during the same time frame.
However, ONEOK has been lagging behind the broader market for a long time. The stock has declined 9.6% over the past 52 weeks, while the SPX has returned 18.9% over the same time frame.
OKE has been trading above its 200-day moving average since January, with some reversals, and above its 50-day moving average since November, indicating bullish momentum.
On February 24, OKE shares fell 5.1% following the release of 2025 Q4 mixed earnings. The company’s adjusted EBITDA fell 1.3% from the year-ago quarter to $2.1 billion and failed to beat Street estimates. However, EPS for the quarter came in at $1.55, which topped Wall Street estimates. For the next fiscal year, the company expects its adjusted EPS and EPS midpoint to be around $8.1 billion and $5.45 billion, respectively.
When its partner, Cheniere Energy, Inc. (LNG) held up against, OKE barely underperformed. Over the past year, LNG stock is up 13.2%, outperforming OKE stock.
Wall Street sentiment on OKE remains somewhat positive. Among the 20 analysts covering the stock, the consensus rating is “moderate buy”. Its average price target of $88.11 suggests a potential upside of 4% from current price levels.
As of the date of publication, Sristi Jayaswal did not hold positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published on Barchart.com
