(OKE) ONEOK - Ratings and Ratios

ONEOK, Inc. (NYSE:OKE) is a leading midstream energy company specializing in the gathering, processing, fractionation, transportation, storage, and marine export of natural gas and natural gas liquids (NGLs). The company operates through four primary segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. With a strategic focus on critical energy infrastructure, ONEOK plays a pivotal role in connecting production basins with domestic and international markets.

ONEOKs extensive infrastructure spans key U.S. energy regions, including the Mid-Continent, Permian Basin, North Texas, Gulf Coast, and Rocky Mountain areas. The company owns and operates over 9,000 miles of NGL gathering and distribution pipelines, 12 fractionation facilities, and 50 million barrels of NGL storage capacity. Additionally, it manages 15,000 miles of natural gas gathering pipelines and 6,900 miles of regulated interstate and intrastate natural gas transmission pipelines. This network is complemented by storage facilities and marine export terminals, enabling the efficient transportation and delivery of energy products to a diverse customer base.

The company serves a broad range of customers, including integrated and independent energy producers, utilities, industrial users, petrochemical manufacturers, and refineries. ONEOKs services are integral to the energy supply chain, supporting the production, processing, and distribution of natural gas, NGLs, refined products, and crude oil. Its operations are supported by a portfolio of long-term contracts, providing stability in a volatile energy market. ONEOK was founded in 1906 and is headquartered in Tulsa, Oklahoma, with a strong legacy of operational excellence and strategic growth.

3-Month Forecast: Based on and , ONEOKs stock is likely to face headwinds in the near term. The stock is currently trading below its 20-day, 50-day, and 200-day moving averages (SMA 20: 91.10, SMA 50: 94.25, SMA 200: 94.31), indicating bearish momentum. The Average True Range (ATR) of 3.83 suggests moderate volatility. Support levels at 86.2 and 78.0 may provide downside protection, but resistance at 90.1 and 93.0 could cap upside movements. With a forward P/E of 15.20, slightly below its current P/E of 16.68, the market may be pricing in modest earnings growth. Overall, expect sideways to lower trading in the next three months, with potential range-bound movement between 78.0 and 90.1.