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OKE vs TRGP
Which Stock Would AI Choose? ONEOK (OKE) vs. Targa Resources (TRGP) Stock Comparison
Key Takeaways
- Both OKE and TRGP are large-cap midstream energy operators benefiting from rising natural gas liquids (NGLs) and Permian Basin volumes, but they differ sharply in scale, diversification, and growth strategy.
- OKE (ONEOK) is the more diversified integrated operator, with roughly 60,000 miles of pipeline across natural gas, NGLs, refined products, and crude oil.
- TRGP (Targa Resources) is more concentrated on Permian gathering and processing (G&P) and downstream NGL logistics, with a faster-accelerating dividend and a heavier growth capital program.
- Both companies generate approximately 90% of earnings from fee-based contracts, reducing direct commodity price exposure relative to upstream producers.
- TRGP is guiding to a 25% increase in its annualized dividend for 2026, while OKE recently raised its dividend by a more moderate 4%.
- For more detail on each name, explore OKE Major News and OKE Today's Price Move, as well as TRGP Major News and TRGP Today's Price Move.
- To see how quantitative systems are positioning across thousands of tickers right now, explore Trending AI Robots.
Introduction
Midstream energy infrastructure has been one of the steadier corners of the market in recent years, and OKE and TRGP are two of the most closely watched names in the group. Both are fee-based operators positioned around the Permian Basin's record natural gas and NGL output, yet they represent different versions of the same theme: one a diversified, acquisition-driven integrated network, the other a Permian-focused grower with an aggressive downstream buildout. This stock comparison is most relevant for income-oriented investors and momentum traders evaluating relative performance, dividend growth, and risk within the energy infrastructure sector.
OKE Overview and Recent Performance
OKE, ONEOK, Inc., is a Tulsa, Oklahoma-based S&P 500 midstream operator whose roughly 60,000-mile network gathers, processes, fractionates, transports, and stores natural gas, NGLs, refined products, and crude oil. Recent market activity reflects a period of integration and deleveraging following its Medallion Midstream and EnLink Midstream acquisitions, which closed in 2024 and early 2025. For full-year 2025, the company reported net income attributable to ONEOK of approximately $3.39 billion, up 12%, and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of about $8.02 billion, up 18%. Management has emphasized roughly 90% fee-based earnings, a 4% dividend increase to $1.07 per share quarterly, and nearly $3.1 billion of long-term debt reduction during 2025. Growth catalysts include the expansion of the Eiger Express Pipeline and new Permian processing capacity. Sentiment has been generally supportive, though the stock's near-term rating has cooled somewhat amid elevated acquisition-related costs and a moderating commodity backdrop.
TRGP Overview and Recent Performance
TRGP, Targa Resources Corp., operates a Permian-centric midstream platform split between a Gathering and Processing (G&P) segment and a Logistics and Transportation (L&T) segment covering NGL pipelines, fractionation, and liquefied petroleum gas (LPG) export. Recent performance has been driven by record volumes: full-year 2025 adjusted EBITDA reached roughly $4.96 billion, up about $800 million year over year, with Permian inlet volumes growing approximately 11%. The company completed its Bull Moose II plant, closed the Stakeholder Midstream acquisition and two bolt-on deals, and announced new projects including the Yeti II plant, a thirteenth Mont Belvieu fractionator, and the Speedway NGL Pipeline. Management is guiding 2026 adjusted EBITDA of $5.4 billion to $5.6 billion and expects to recommend an annualized dividend of $5.00 per share, a 25% increase. Elevated growth capital expenditures (capex) of around $4.5 billion in 2026 is the main trade-off against this expansion.
Trending AI Robots
Tickeron's Trending AI Robots page curates a focused selection from a broader library of hundreds of AI trading bots that collectively trade thousands of different tickers. Rather than listing every available system, the page highlights only those whose strategies, timeframes, and recent performance statistics appear best suited to current market conditions. These bots differ meaningfully in trading style — from short-term momentum to longer-horizon swing approaches — and each carries its own track record, risk profile, and set of traded symbols, including midstream names like OKE and TRGP. For traders who prefer systematic, data-driven signals over discretionary calls, exploring Trending AI Robots can provide a useful, objective complement to fundamental analysis.
Head-to-Head Comparison
The clearest contrast between OKE and TRGP is scope versus focus. OKE is the larger, more diversified integrated operator, with exposure spanning crude oil, refined products, and natural gas beyond NGLs — a profile that can dilute commodity-specific swings but also spreads risk across multiple basins and products. TRGP is more concentrated in Permian G&P and NGL logistics, which has translated into faster volume and adjusted EBITDA growth, but leaves it more sensitive to Permian activity and local pricing such as Waha natural gas differentials. On capital returns, TRGP is guiding for a much larger dividend increase (25% versus 4%), while OKE has prioritized debt paydown and a more conservative balance-sheet trajectory. Momentum and sentiment have favored TRGP's record-setting growth narrative, while OKE's integration story offers scale and diversification at a lower growth pace.
Tickeron AI Verdict
Based on observable factors, Tickeron's AI would likely lean toward TRGP for its more consistent trend momentum, stronger volume-driven adjusted EBITDA growth, and clearer near-term catalysts from the Permian buildout and the anticipated 25% dividend increase. The relative positioning favors TRGP on growth and capital-return momentum, though OKE presents a steadier, more diversified profile with a lower-risk balance-sheet trajectory. In probabilistic terms, the AI's preference is a moderate tilt rather than a definitive call, and it may shift as relative price trends, volatility, and earnings momentum evolve.
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 Hold and TRGP is a StrongBuy.
OKE's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for OKE moved out of oversold territory on October 01, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In 15 of the 20 cases the stock moved higher. This puts the odds of a move higher at 75%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 09, 2026. You may want to consider a long position or call options on OKE as a result. In 65 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.
The Moving Average Convergence Divergence (MACD) for OKE just turned positive on October 09, 2026. Looking at past instances where OKE's MACD turned positive, the stock continued to rise in 34 of 47 cases over the following month. The odds of a continued upward trend are 72%.
OKE moved above its 50-day moving average on October 20, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for OKE crossed bullishly above the 50-day moving average on October 23, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 65%.
Following a +2.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where OKE advanced for three days, in 247 of 372 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OKE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 52%.
OKE broke above its upper Bollinger Band on October 13, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for OKE entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 20 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 23 (best 1 - 100 worst), indicating outstanding price growth. OKE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 41 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 41, placing this stock slightly worse than average.
The Tickeron SMR rating for this company is 53 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 61 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.634) is normal, around the industry mean (171.086). P/E Ratio (16.494) is within average values for comparable stocks, (7.085). Projected Growth (PEG Ratio) (1.674) is also within normal values, averaging (13.660). Dividend Yield (0.045) settles around the average of (149207416832.000) among similar stocks. P/S Ratio (1.487) is also within normal values, averaging (4.657).
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Momentum Indicator for TRGP turns positive, indicating new upward trend
TRGP saw its Momentum Indicator move above the 0 level on October 06, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 86 similar instances where the indicator turned positive. In 68 of the 86 cases, the stock moved higher in the following days. The odds of a move higher are at 79%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TRGP's RSI Oscillator exited the oversold zone, 7 of 10 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 70%.
The Moving Average Convergence Divergence (MACD) for TRGP just turned positive on October 06, 2026. Looking at past instances where TRGP's MACD turned positive, the stock continued to rise in 36 of 50 cases over the following month. The odds of a continued upward trend are 72%.
TRGP moved above its 50-day moving average on October 16, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TRGP crossed bullishly above the 50-day moving average on October 13, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 75%.
Following a +2.21% 3-day Advance, the price is estimated to grow further. Considering data from situations where TRGP advanced for three days, in 279 of 372 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TRGP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
TRGP broke above its upper Bollinger Band on October 23, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for TRGP entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 4 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 41, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 8 (best 1 - 100 worst), indicating outstanding price growth. TRGP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 16 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 17 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 76 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (17.732) is normal, around the industry mean (171.086). P/E Ratio (28.825) is within average values for comparable stocks, (7.085). Projected Growth (PEG Ratio) (1.245) is also within normal values, averaging (13.660). Dividend Yield (0.017) settles around the average of (149207416832.000) among similar stocks. P/S Ratio (3.667) is also within normal values, averaging (4.657).
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
OKE | TRGP | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 50 | 50 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 61 Fair valued | 76 Overvalued | |
PROFIT vs RISK RATING 1..100 | 41 | 4 | |
SMR RATING 1..100 | 53 | 16 | |
PRICE GROWTH RATING 1..100 | 23 | 8 | |
P/E GROWTH RATING 1..100 | 20 | 17 | |
SEASONALITY SCORE 1..100 | 75 | 85 |
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 (61) in the Oil And Gas Pipelines industry is in the same range as TRGP (76) 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 (4) in the Oil Refining Or Marketing industry is somewhat better than the same rating for OKE (41) 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 (16) in the Oil Refining Or Marketing industry is somewhat better than the same rating for OKE (53) 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 (8) in the Oil Refining Or Marketing industry is in the same range as OKE (23) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew similarly to OKE’s over the last 12 months.
TRGP's P/E Growth Rating (17) in the Oil Refining Or Marketing industry is in the same range as OKE (20) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew similarly to OKE’s over the last 12 months.
| OKE | TRGP | |
|---|---|---|
| RSI ODDS (%) | 4 days ago 75% | 4 days ago 70% |
| Stochastic ODDS (%) | 4 days ago 56% | 4 days ago 49% |
| Momentum ODDS (%) | 4 days ago 68% | 4 days ago 79% |
| MACD ODDS (%) | 4 days ago 72% | 4 days ago 72% |
| TrendWeek ODDS (%) | 4 days ago 65% | 4 days ago 73% |
| TrendMonth ODDS (%) | 4 days ago 67% | 4 days ago 72% |
| Advances ODDS (%) | 4 days ago 66% | 14 days ago 75% |
| Declines ODDS (%) | 12 days ago 52% | 7 days ago 54% |
| BollingerBands ODDS (%) | 4 days ago 64% | 4 days ago 46% |
| Aroon ODDS (%) | 4 days ago 52% | 4 days ago 42% |
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 overvalued. 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 2 FA rating(s) are green while TRGP’s FA Score has 4 green FA rating(s).
- OKE’s FA Score: 2 green, 3 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 6 TA indicator(s) are bullish while TRGP’s TA Score has 6 bullish TA indicator(s).
- OKE’s TA Score: 6 bullish, 4 bearish.
- TRGP’s TA Score: 6 bullish, 4 bearish.
Price Growth
OKE (@Oil & Gas Pipelines) experienced а +2.70% price change this week, while TRGP (@Oil & Gas Pipelines) price change was +2.53% for the same time period.
The average weekly price growth across all stocks in the @Oil & Gas Pipelines industry was +1.31%. For the same industry, the average monthly price growth was -1.75%, and the average quarterly price growth was +4.90%.
Reported Earning Dates
OKE is expected to report earnings on Oct 27, 2026.
TRGP is expected to report earnings on Nov 05, 2026.
Industries' Descriptions
@Oil & Gas Pipelines (+1.31% 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.
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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.