What changed
$OKE — AVOID 📊
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
🎯 Q2 2026 | Rev $10B | EPS $1.23 vs $1.30 🔴
💡 The market expects sustained growth justifying 16.1x P/E, but historical median is 10.8x and peers trade at 7-11x. My variant view sees reversion to mean, driven by earnings volatility and commodity exposure.
📉 Reward/risk: 0.4:1
🏢 Business Quality: 6/10
📊 Valuation: rich — P/E of 16.1x is at 104th percentile historically, above peer band 7.3x-11.3x; reverse DCF implies only 1.1% FCF growth embedded, suggesting...
🔮 Catalyst: Q2 2026 earnings report
💰 Entry: $87.31, stop $45.15, target $69.89
📊 Our read: AVOID. Full analysis →
https://stockduty.xyz/s/OKE0625
Also in play: $PAA $WMB $ET $KMI $EPD
Why it matters
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.