ONEOK Stock Trades at 14x Forward Earnings Following Gains
ONEOK, Inc. (NYSE: OKE) closed at $93.31 on Thursday, October 16, 2026, drawing fresh valuation scrutiny at roughly 14 times next year's projected earnings. The midstream pipeline operator has posted an 11.4% return over the prior six months alongside a 4.59% dividend yield.
If forward valuation multiples remain near 14x earnings, watch because its 4.59% dividend yield and steady cash flows offer an income-focused allocation in energy infrastructure.