Stock Price & Analysis

Based on the provided data and current market conditions, OKE stock shows mixed signals. The stock is currently trading at $109.85 with a positive regular market change of +0.82% . Recent analyst ratings indicate a cautiously optimistic outlook, with Scotiabank initiating coverage with a Buy rating and $109 price target on January 10, 2025 .

Technical Analysis

• RSI(14) at 67.22 indicates the stock is approaching overbought territory but hasn't reached extreme levels
• MACD at 1.11 suggests positive momentum
• The stock is trading above its 20-day moving average of $103.05, indicating short-term bullish trend

Recent Developments

• OKE recently completed the sale of three interstate natural gas pipeline systems to DT Midstream for $1.2 billion, which should enhance financial flexibility
• Energy stocks have shown strength following recent political developments related to oil and gas permitting

Fibonacci Levels

• Current resistance: $109.58 (R1)
• Next resistance: $111.96 (R2)
• Support: $101.85 (S1)
• Secondary support: $99.47 (S2)

Based on the technical indicators and recent analyst actions, OKE appears to be in a consolidation phase near resistance levels. While the company's fundamentals remain solid with positive developments from asset sales, the current price level suggests limited immediate upside. Consider waiting for a pullback toward the first support level around $101.85 before initiating new positions.

Based on the provided data and recent market developments, here's the price prediction for OKE stock in 2025:

OKE stock is projected to reach $132 by end of 2025, supported by UBS analyst Brian Reynolds' bullish outlook and strong data center-driven growth potential. The stock's technical indicators show an RSI of 67.22, suggesting momentum remains positive while not yet overbought. Recent energy sector tailwinds from Trump's "Drill, baby, drill" policy announcements have provided additional upside catalyst.

The prediction is based on three key factors:

1. Strong data center growth driving natural gas demand, with ONEOK currently engaged in 23 data center projects that could significantly boost revenues

2. Successful integration of recent acquisitions including EnLink and Medallion expected to generate $250-450 million in annual synergies within three years

3. Technical analysis showing upward momentum with price trading above both 20-day ($103.05) and 60-day ($104.51) moving averages, indicating a sustained bullish trend

The S1 support level for OKE Stock is $102.18 ,The R1 resistant level for OKE Stock is $109.9.

As of the end of day on 2025-01-24, the price of OKE Stock was $104.2.

The target price for OKE Stock according to analyst rating is 115.75, with the highest price target at 147.00 and the lowest at 103.00. Analysts have a Moderate Buy rating on OKE Stock overall.

The market cap of OKE is $60.9B.

Based on the provided data and current market conditions, here's a comprehensive analysis of OKE's valuation:

Valuation Metrics Analysis OKE's current valuation metrics show mixed signals. The stock trades at a P/E of 19.31 (Q3 2024), which is above the industry average, suggesting a premium valuation. The EV/EBITDA ratio of 14.39 also indicates the stock is trading at relatively rich multiples.

Financial Performance The company demonstrates solid financial growth:

• Revenue increased from $4.78B to $5.02B between Q1-Q3 2024
• Net income remained stable between $639M-$780M
• Gross margins maintained around 34-35%
• ROE shows healthy returns at 16.87-21.40%

Analyst Sentiment Recent analyst actions suggest cautious optimism:

• Scotiabank initiated coverage with a Buy rating and $109 PT (Jan 2025)
• Wells Fargo downgraded to Hold with $107 PT (Dec 2024)
• Current consensus price targets range from $94 to $132

Technical Analysis The stock shows strong technical indicators with RSI at 67.22, suggesting momentum but approaching overbought territory. The current price is trading above both its 20-day moving average of $103.05, indicating short-term strength.

Conclusion Based on the comprehensive analysis, OKE appears slightly overvalued at current levels. The premium valuation multiples, combined with the RSI approaching overbought territory, suggest limited upside potential in the near term. While the company's fundamentals remain solid, investors might want to wait for a better entry point.

Oneok, Inc. is a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services. Its segments include Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines, and Refined Products and Crude. The Natural Gas Gathering and Processing segment provides midstream services to producers in North Dakota, Montana, Wyoming, Kansas, and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs) and store Purity NGLs, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins. The Natural Gas Pipelines segment transports and stores natural gas. The Refined Products and Crude segment transports, stores and distributes refined Products and crude oil, as well as conducts certain commodity-related activities including liquids blending and marketing activities.

Based on the provided data and market analysis, here is the price prediction for OKE stock by 2030:

ONEOK (OKE) stock is projected to reach $175-185 by 2030, driven by the company's strategic expansion in the Permian Basin through acquisitions like Medallion Midstream and strong positioning in natural gas and NGL infrastructure. The recent energy policy shifts supporting increased oil and gas production, as evidenced by President Trump's "Drill, baby, drill" initiative, combined with ONEOK's robust financial metrics showing a 27.47% revenue growth, support this bullish outlook. The company's diversification into crude gathering & transport infrastructure and refined products, particularly in high-growth areas like the Permian Basin and Gulf Coast, positions it well for sustained long-term growth.

OKE has a total of 4775 employees.