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OKE vs TRGP
Which Stock Would AI Choose? ONEOK (OKE) vs. Targa Resources (TRGP) Stock Comparison
Key Takeaways
- ONEOK (OKE) and Targa Resources (TRGP) are both midstream energy companies focused on natural gas and natural gas liquids (NGLs) infrastructure.
- Recent weeks saw both firms report strong first-quarter 2026 results and raise full-year guidance amid higher throughput volumes.
- TRGP has delivered significantly stronger year-to-date and one-year total returns compared with OKE in recent market activity.
- ONEOK (OKE) trades at a lower valuation multiple while offering a higher dividend yield than Targa Resources (TRGP).
- Sector sentiment remains constructive for both stocks due to robust U.S. energy production and export demand.
- Relative positioning favors TRGP on momentum metrics, while ONEOK (OKE) offers a more defensive profile with lower volatility.
Introduction
ONEOK (OKE) and Targa Resources (TRGP) operate in the same midstream energy segment, transporting and processing natural gas and NGLs. Investors and traders comparing these stocks typically seek exposure to U.S. energy infrastructure with stable fee-based cash flows. The comparison is relevant for those evaluating relative performance, dividend sustainability, and growth catalysts within the energy sector during periods of fluctuating commodity prices and shifting market sentiment. This analysis examines recent business developments, stock behavior, and key contrasts to help market participants assess positioning without providing investment recommendations.
OKE Overview and Recent Performance
ONEOK (OKE) is a major midstream operator with extensive pipelines, processing facilities, and storage assets primarily serving the U.S. Midwest and Gulf Coast regions. In recent market activity, the stock advanced following the company’s first-quarter 2026 earnings release, which showed a 12% year-over-year increase in net income to $776 million and a 13% rise in adjusted EBITDA to $2.0 billion. Management subsequently raised 2026 financial guidance, citing stronger volumes across natural gas liquids, gas processing, and pipeline segments. Over recent weeks, shares have traded in a range reflecting mixed analyst sentiment, with some target adjustments amid broader energy sector stability. The company also completed note redemptions and entered a new term loan agreement in April 2026, supporting balance-sheet flexibility.
TRGP Overview and Recent Performance
Targa Resources (TRGP) focuses on gathering, processing, and transporting natural gas and NGLs, with significant operations in the Permian Basin and other key producing regions. The company reported record first-quarter 2026 results, including net income attributable to the corporation of $480 million, nearly doubling the prior-year figure, and adjusted EBITDA of $1.4 billion, up 19%. Management increased its 2026 financial outlook in response to higher volumes and operational efficiency. In recent weeks, the stock has maintained elevated levels near multi-year highs, supported by continued dividend declarations, including a quarterly payout of $1.25 per share announced in July 2026. Performance has reflected strong momentum tied to basin activity and export-related tailwinds.
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Head-to-Head Comparison
Both companies generate the majority of revenue from fee-based midstream services, reducing direct commodity-price exposure, yet TRGP maintains a heavier weighting toward the high-growth Permian Basin. ONEOK (OKE) benefits from a broader geographic footprint and integrated NGL value chain that supports volume stability. On recent momentum, TRGP has outperformed with markedly higher year-to-date and trailing twelve-month returns. Valuation metrics show ONEOK (OKE) trading at a lower forward earnings multiple alongside a higher dividend yield, offering potential income appeal. Risk factors include regulatory and operational execution for both, though TRGP’s larger recent run-up introduces greater sensitivity to any volume or margin normalization. Sector exposure remains comparable, with market sentiment driven by U.S. natural gas demand and export capacity expansions.
Tickeron AI Verdict
Based on observable factors such as trend consistency, volume-driven catalysts, and relative positioning in recent market activity, Tickeron’s AI would currently assign a higher probability of favor to TRGP. The stock’s stronger momentum and upward guidance revisions align with sustained positive signals in the model inputs, though ONEOK (OKE) continues to present a more balanced risk-reward profile for certain strategies. This assessment reflects probabilistic evaluation of available data rather than a definitive outlook.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is OKE is a StrongBuy and TRGP is a StrongBuy.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
OKE’s FA Score shows that 1 FA rating(s) are green whileTRGP’s FA Score has 4 green FA rating(s).
- OKE’s FA Score: 1 green, 4 red.
- TRGP’s FA Score: 4 green, 1 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
OKE’s TA Score shows that 5 TA indicator(s) are bullish while TRGP’s TA Score has 5 bullish TA indicator(s).
- OKE’s TA Score: 5 bullish, 4 bearish.
- TRGP’s TA Score: 5 bullish, 3 bearish.
Price Growth
OKE (@Oil & Gas Pipelines) experienced а -2.52% price change this week, while TRGP (@Oil & Gas Pipelines) price change was -3.45% for the same time period.
The average weekly price growth across all stocks in the @Oil & Gas Pipelines industry was -0.80%. For the same industry, the average monthly price growth was +6.86%, and the average quarterly price growth was +19.49%.
Reported Earning Dates
OKE is expected to report earnings on Aug 03, 2026.
TRGP is expected to report earnings on Aug 06, 2026.
Industries' Descriptions
@Oil & Gas Pipelines (-0.80% weekly)Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.
| OKE | TRGP | OKE / TRGP | |
| Capitalization | 57.2B | 58B | 99% |
| EBITDA | 7.92B | 5.22B | 152% |
| Gain YTD | 26.744 | 48.705 | 55% |
| P/E Ratio | 16.19 | 27.62 | 59% |
| Revenue | 35.2B | 16.6B | 212% |
| Total Cash | 172M | 100M | 172% |
| Total Debt | 33.7B | 19.1B | 176% |
OKE | TRGP | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 74 | 89 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 16 Undervalued | 32 Undervalued | |
PROFIT vs RISK RATING 1..100 | 46 | 7 | |
SMR RATING 1..100 | 54 | 15 | |
PRICE GROWTH RATING 1..100 | 47 | 15 | |
P/E GROWTH RATING 1..100 | 48 | 63 | |
SEASONALITY SCORE 1..100 | 50 | 19 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
OKE's Valuation (16) in the Oil And Gas Pipelines industry is in the same range as TRGP (32) in the Oil Refining Or Marketing industry. This means that OKE’s stock grew similarly to TRGP’s over the last 12 months.
TRGP's Profit vs Risk Rating (7) in the Oil Refining Or Marketing industry is somewhat better than the same rating for OKE (46) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew somewhat faster than OKE’s over the last 12 months.
TRGP's SMR Rating (15) in the Oil Refining Or Marketing industry is somewhat better than the same rating for OKE (54) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew somewhat faster than OKE’s over the last 12 months.
TRGP's Price Growth Rating (15) in the Oil Refining Or Marketing industry is in the same range as OKE (47) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew similarly to OKE’s over the last 12 months.
OKE's P/E Growth Rating (48) in the Oil And Gas Pipelines industry is in the same range as TRGP (63) in the Oil Refining Or Marketing industry. This means that OKE’s stock grew similarly to TRGP’s over the last 12 months.
| OKE | TRGP | |
|---|---|---|
| RSI ODDS (%) | N/A | N/A |
| Stochastic ODDS (%) | 2 days ago 71% | 2 days ago 82% |
| Momentum ODDS (%) | 2 days ago 50% | 2 days ago 51% |
| MACD ODDS (%) | 2 days ago 58% | 2 days ago 46% |
| TrendWeek ODDS (%) | 2 days ago 51% | 2 days ago 49% |
| TrendMonth ODDS (%) | 2 days ago 65% | 2 days ago 74% |
| Advances ODDS (%) | 13 days ago 66% | 2 days ago 76% |
| Declines ODDS (%) | 5 days ago 51% | 5 days ago 51% |
| BollingerBands ODDS (%) | 2 days ago 54% | 2 days ago 79% |
| Aroon ODDS (%) | 2 days ago 58% | 2 days ago 76% |
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OKE and
Correlation & Price change
A.I.dvisor indicates that over the last year, OKE has been closely correlated with TRGP. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if OKE jumps, then TRGP could also see price increases.
| Ticker / NAME | Correlation To OKE | 1D Price Change % | ||
|---|---|---|---|---|
| OKE | 100% | +1.95% | ||
| TRGP - OKE | 73% Closely correlated | +1.23% | ||
| PAA - OKE | 71% Closely correlated | +0.69% | ||
| KMI - OKE | 65% Loosely correlated | +1.64% | ||
| AM - OKE | 63% Loosely correlated | +1.95% | ||
| PAGP - OKE | 61% Loosely correlated | +0.62% | ||
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TRGP and
Correlation & Price change
A.I.dvisor indicates that over the last year, TRGP has been closely correlated with OKE. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if TRGP jumps, then OKE could also see price increases.
| Ticker / NAME | Correlation To TRGP | 1D Price Change % | ||
|---|---|---|---|---|
| TRGP | 100% | +1.23% | ||
| OKE - TRGP | 73% Closely correlated | +1.95% | ||
| KMI - TRGP | 59% Loosely correlated | +1.64% | ||
| WMB - TRGP | 57% Loosely correlated | +0.89% | ||
| PAGP - TRGP | 56% Loosely correlated | +0.62% | ||
| KNTK - TRGP | 55% Loosely correlated | +1.10% | ||
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