ONEOK, Inc. (OKE)

ONEOK's stock price has fluctuated over the past six months, showing a 9.91% increase but a -4.49% performance since July 23, 2025. A notable event was a 5.2% drop after the Q2 2025 results release. The stock has traded mostly below its 50-day and 200-day moving averages. Analyst ratings were mixed, with Morgan Stanley lowering its price target but maintaining an "Overweight" rating, while JPMorgan downgraded ONEOK from "Overweight" to "Neutral" and reduced its price target.

Demand for ONEOK's products and services exhibits seasonality, with natural gas demand peaking in the winter and summer. Crude oil and refined products also experience seasonal shifts, with heating oil demand surging in the winter and gasoline demand rising in the summer. ONEOK is generally less exposed to the direct price volatility of these seasonal demand shifts due to their largely fee-based business models.

ONEOK, Inc. is an integrated energy infrastructure company operating as a midstream service provider in the Oil, Gas, and Consumable Fuels industry. The company focuses on gathering, processing, fractionation, transportation, storage, and marketing of natural gas, NGLs, refined products, and crude oil, structured across four segments.

ONEOK's network spans approximately 60,000 miles of pipelines across the United States, with operations in key energy-producing regions such as the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions. ONEOK connects supply basins to major market centers and has expanded its assets in Texas and the Louisiana Gulf Coast, including an LPG export terminal in Texas City.

ONEOK's brand reputation has been generally positive, with articles highlighting its potential for returns and growth. Analyst consensus is a "Moderate Buy" with an average 12-month price target of $87.31, although some analysts have recently downgraded the stock or lowered price targets.

ONEOK, Inc. has a broad institutional ownership base, with 2,116 institutional owners and shareholders holding a total of 523,401,442 shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Charles Schwab Investment Management Inc., and Morgan Stanley.