OKE
ONEOK Inc. Energy - Pipelines Investor Relations →
ONEOK Inc. (OKE) closed at $85.03 as of 2026-06-19, trading 20.6% above its 200-week moving average of $70.48. The stock is currently moving closer to the line, down from 28.8% last week. The 14-week RSI sits at 50, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.92 ratio) is neutral — neither side is clearly dominating.
Over the past 2337 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 $53.6 billion, OKE is a large-cap stock. The company generates a free cash flow yield of 0.8%. Return on equity stands at 15.9%, a solid level. The stock trades at 2.4x book value.
Share count has increased 40.8% over three years, indicating dilution.
Over the past 33.5 years, a hypothetical investment of $100 in OKE would have grown to $10130, compared to $3097 for the S&P 500. That represents an annualized return of 14.8% vs 10.8% for the index — confirming OKE as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 12.8% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices OKE would reach each dislocation threshold.
Dislocation Price Levels
Prices where OKE's Bean Score would hit each σ threshold. Valid until next earnings report (date TBD — last report: 2026-03-31).
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $77.71 | Unusually cheap — potential buy zone |
| Value | +1σ | $85.73 | Cheap vs. own history |
| Fair Value | +0σ | $95.60 | Historical mean behavior |
| Expensive | -1σ | $108.04 | Expensive vs. own history |
| Deep Expensive | -2σ | $124.19 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from OKE's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
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% | +17978.4% |
| Oct 1983 | Nov 1983 | 4 | 4.8% | -7.6% | +19953.3% |
| Dec 1983 | Jan 1984 | 4 | 4.8% | -6.1% | +20741.5% |
| Feb 1984 | Feb 1984 | 2 | 1.5% | +9.2% | +19786.2% |
| Mar 1984 | Jan 1985 | 44 | 10.2% | +13.1% | +21495.9% |
| Oct 1987 | Apr 1989 | 77 | 62.3% | -22.5% | +21248.5% |
| May 1989 | May 1989 | 4 | 1.8% | +8.9% | +19432.8% |
| Feb 1999 | May 1999 | 12 | 10.4% | -7.2% | +5065.8% |
| Oct 1999 | Jul 2000 | 41 | 25.1% | +46.6% | +4619.4% |
| Sep 2001 | Sep 2001 | 1 | 9.3% | +31.4% | +4279.5% |
| Sep 2008 | Sep 2009 | 51 | 47.9% | +4.1% | +1266.7% |
| Sep 2009 | Oct 2009 | 1 | 1.3% | +35.0% | +1233.2% |
| May 2015 | May 2016 | 50 | 55.2% | +10.1% | +301.5% |
| Mar 2020 | Mar 2021 | 51 | 62.3% | +89.2% | +318.5% |
| Oct 2025 | Nov 2025 | 2 | 1.9% | N/A | +32.2% |
| Average | 30 | — | +13.3% | — |
Frequently Asked Questions
Is OKE below its 200-week moving average?
No. ONEOK Inc. (OKE) is currently 20.6% above its 200-week moving average of $70.48. It would need to fall to $70.48 to cross below the line.
What is OKE's 200-week moving average price?
ONEOK Inc.'s 200-week moving average is $70.48 as of 2026-06-19. 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 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 50. Free cash flow yield is 0.8%. Return on equity is 15.9%. Price-to-book is 2.4x. 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 33.5 years, $100 invested in OKE would have grown to $10130, compared to $3097 for the S&P 500. That's 14.8% annualized vs 10.8% 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 496.00%.
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 2026-06-19