OKE
ONEOK Inc. Energy - Pipelines Investor Relations →
ONEOK Inc. (OKE) closed at $89.21 as of 2026-03-20, trading 29.8% above its 200-week moving average of $68.75. The stock moved further from the line this week, up from 24.5% last week. With a 14-week RSI of 73, OKE is in overbought territory.
A big jump in activity this week — 2.3x the usual volume, and the price went up. Significantly more people than usual decided to buy. This kind of surge, especially on a stock already below its 200-week average, can be an early sign that sentiment is shifting.
Over the past 2324 weeks of data, OKE has crossed below its 200-week moving average 15 times. On average, these episodes lasted 30 weeks. Historically, investors who bought OKE at the start of these episodes saw an average one-year return of +13.3%.
With a market cap of $56.2 billion, OKE is a large-cap stock. The company generates a free cash flow yield of 1.3%. Return on equity stands at 15.5%, a solid level. The stock trades at 2.5x book value.
Share count has increased 40.8% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in OKE would have grown to $10502, compared to $2683 for the S&P 500. That represents an annualized return of 15.0% vs 10.4% for the index — confirming OKE as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 12.8% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: OKE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OKE Crosses Below the Line?
Across 8 historical episodes, buying OKE when it crossed below its 200-week moving average produced an average return of +39.3% after 12 months (median +13.0%), compared to +8.3% for the S&P 500 over the same periods. 86% of those episodes were profitable after one year. After 24 months, the average return was +89.3% vs +13.4% for the index.
Each line shows $100 invested at the moment OKE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OKE has crossed below its 200-week MA 15 times with an average 1-year return of +13.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 1981 | Sep 1983 | 106 | 24.2% | -17.4% | +18642.5% |
| Oct 1983 | Nov 1983 | 4 | 4.8% | -7.6% | +20690.0% |
| Dec 1983 | Jan 1984 | 4 | 4.8% | -6.1% | +21507.1% |
| Feb 1984 | Feb 1984 | 2 | 1.5% | +9.2% | +20516.8% |
| Mar 1984 | Jan 1985 | 44 | 10.2% | +13.1% | +22289.2% |
| Oct 1987 | Apr 1989 | 77 | 62.3% | -22.5% | +22032.7% |
| May 1989 | May 1989 | 4 | 1.8% | +8.9% | +20150.3% |
| Feb 1999 | May 1999 | 12 | 10.4% | -7.2% | +5255.6% |
| Oct 1999 | Jul 2000 | 41 | 25.1% | +46.6% | +4792.8% |
| Sep 2001 | Sep 2001 | 1 | 9.3% | +31.4% | +4440.4% |
| Sep 2008 | Sep 2009 | 51 | 47.8% | +4.1% | +1316.9% |
| Sep 2009 | Oct 2009 | 1 | 1.3% | +35.0% | +1282.2% |
| May 2015 | May 2016 | 50 | 55.2% | +10.1% | +316.3% |
| Mar 2020 | Mar 2021 | 51 | 62.3% | +89.2% | +333.9% |
| Oct 2025 | Nov 2025 | 2 | 1.9% | N/A | +37.1% |
| Average | 30 | — | +13.3% | — |
Frequently Asked Questions
Is OKE below its 200-week moving average?
No. ONEOK Inc. (OKE) is currently 29.8% above its 200-week moving average of $68.75. It would need to fall to $68.75 to cross below the line.
What is OKE's 200-week moving average price?
ONEOK Inc.'s 200-week moving average is $68.75 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when OKE drops below its 200-week moving average?
OKE has crossed below its 200-week moving average 15 times in our data. On average, buying at that moment produced a one-year return of +13.3%. These dips have historically been decent entry points. These episodes lasted 30 weeks on average.
Is OKE a good value right now?
Here's what our data says about OKE as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 73 (overbought). Free cash flow yield is 1.3%. Return on equity is 15.5%. Price-to-book is 2.5x. This is not a buy or sell recommendation — always do your own research.
How does OKE compare to the S&P 500?
Over the past 33.2 years, $100 invested in OKE would have grown to $10502, compared to $2683 for the S&P 500. That's 15.0% annualized vs 10.4% for the index. OKE has outperformed the broader market over this period.
Does OKE pay a dividend?
Yes. ONEOK Inc. currently pays a dividend yield of 466.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20