OKE
ONEOK Inc. Energy - Pipelines Investor Relations →
ONEOK Inc. (OKE) closed at $81.84 as of 2026-02-02, trading 20.8% above its 200-week moving average of $67.78. The stock moved further from the line this week, up from 15.5% last week. With a 14-week RSI of 79, OKE is in overbought territory.
Over the past 2318 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 $51.5 billion, OKE is a large-cap stock. The company generates a free cash flow yield of 2.8%. Return on equity stands at 17.8%, a solid level. The stock trades at 2.3x book value.
Share count has increased 30.7% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in OKE would have grown to $9634, compared to $2849 for the S&P 500. That represents an annualized return of 14.8% vs 10.6% 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 15.7% compound annual rate, with 4 consecutive years of positive cash generation.
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% | +17094.1% |
| Oct 1983 | Nov 1983 | 4 | 4.8% | -7.6% | +18972.5% |
| Dec 1983 | Jan 1984 | 4 | 4.8% | -6.1% | +19722.0% |
| Feb 1984 | Feb 1984 | 2 | 1.5% | +9.2% | +18813.5% |
| Mar 1984 | Jan 1985 | 44 | 10.2% | +13.1% | +20439.6% |
| Oct 1987 | Apr 1989 | 77 | 62.3% | -22.5% | +20204.3% |
| May 1989 | May 1989 | 4 | 1.8% | +8.9% | +18477.4% |
| Feb 1999 | May 1999 | 12 | 10.4% | -7.2% | +4813.1% |
| Oct 1999 | Jul 2000 | 41 | 25.1% | +46.6% | +4388.6% |
| Sep 2001 | Sep 2001 | 1 | 9.3% | +31.4% | +4065.3% |
| Sep 2008 | Sep 2009 | 51 | 47.8% | +4.1% | +1199.9% |
| Sep 2009 | Oct 2009 | 1 | 1.3% | +35.0% | +1168.0% |
| May 2015 | May 2016 | 50 | 55.2% | +10.1% | +281.9% |
| Mar 2020 | Mar 2021 | 51 | 62.3% | +89.2% | +298.0% |
| Oct 2025 | Nov 2025 | 2 | 1.9% | N/A | +25.8% |
| Average | 30 | — | +13.3% | — |
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 Friday close, 2026-02-02