Cameco vs ONEOK

Cameco vs ONEOK compares two major energy companies. This page covers their business models, financial performance, and market context in a neutral, accessible way. Readers can develop a grounded understanding of similarities and differences without promotion or speculation. Educational content, not financial advice.

Cameco vs ONEOK compares two major energy companies. This page covers their business models, financial performance, and market context in a neutral, accessible way. Readers can develop a grounded unde...

Comparison Snapshot

Key Financial Metrics

CCJ

Metric

OKE

$38.71B

Market Cap

$48.77B

3.61%

Potential Profit

13.95%

Buy

Analyst Rating

Buy

Why It's Moving

Cameco surges as uranium powerhouse rides nuclear revival wave with blockbuster earnings growth ahead.

Analysts project adjusted earnings to double in FY25 and grow 55% in 2026, driven by high-grade mines like Cigar Lake and McArthur River that outpace global competitors.
Zacks awards CCJ a #1 Strong Buy rank after recent upward revisions, with 2026 estimates 13% above consensus, underscoring its role in the nuclear-AI nexus.
49% stake in Westinghouse bolsters long-term upside, as U.S. ramps up AP1000 reactors with government backing, shielding Cameco from tariff risks via Canadian imports.

Sentiment:

🐃Bullish

ONEOK Boosts Dividend 4% Amid Stable Cash Flows and Expansion Momentum

Dividend hike aligns with 3-4% annual growth target, supported by stable revenues from diversified pipeline operations and regulated rates.
Recent acquisitions and synergies, including $250 million in targeted 2026 savings, bolster cost efficiencies and profitability.
Organic expansions like new LPG export terminal and natural gas pipeline JVs set to deliver incremental cash flows through 2028.

Sentiment:

🐃Bullish

Cameco surges as uranium powerhouse rides nuclear revival wave with blockbuster earnings growth ahead.

Analysts project adjusted earnings to double in FY25 and grow 55% in 2026, driven by high-grade mines like Cigar Lake and McArthur River that outpace global competitors.
Zacks awards CCJ a #1 Strong Buy rank after recent upward revisions, with 2026 estimates 13% above consensus, underscoring its role in the nuclear-AI nexus.
49% stake in Westinghouse bolsters long-term upside, as U.S. ramps up AP1000 reactors with government backing, shielding Cameco from tariff risks via Canadian imports.

Sentiment:

🐃Bullish

ONEOK Boosts Dividend 4% Amid Stable Cash Flows and Expansion Momentum

Dividend hike aligns with 3-4% annual growth target, supported by stable revenues from diversified pipeline operations and regulated rates.
Recent acquisitions and synergies, including $250 million in targeted 2026 savings, bolster cost efficiencies and profitability.
Organic expansions like new LPG export terminal and natural gas pipeline JVs set to deliver incremental cash flows through 2028.

Sentiment:

🐃Bullish

Investment Analysis

Cameco

CCJ

Pros

Cameco is a leading uranium producer with a robust sales pipeline, reflected in a revenue beat in Q3 2025 despite earnings misses.
The company benefits from growing global interest in nuclear energy and favourable government policies supporting uranium production.
Analyst consensus rates Cameco as a 'Strong Buy' with an average price target indicating potential stock price appreciation around 23%.

Considerations

Earnings per share for Q3 2025 missed expectations significantly, falling 69.57% short, indicating ongoing profitability challenges.
The company carries a very high trailing P/E ratio of approximately 109, well above its historical averages and peer energy companies, suggesting overvaluation risks.
Price forecasts and some analyst adjustments anticipate potential stock price declines and EPS reductions into 2025, indicating near-term downside risks.

ONEOK

OKE

Pros

ONEOK has a solid market capitalization around $42.6 billion, positioning it as a major player in the midstream energy sector.
The company has a relatively low P/E ratio of about 12.7, suggesting more accessible valuation compared to many peers including Cameco.
ONEOK benefits from stable cash flow generation supported by its diversified natural gas pipeline and processing operations.

Considerations

ONEOK is exposed to commodity price volatility and regulatory risks inherent in the U.S. midstream energy infrastructure sector.
Growth prospects can be limited due to the capital-intensive nature of pipeline assets and regulatory constraints.
The company's stock performance and dividend sustainability may be impacted by broader energy market cyclicality and macroeconomic factors.

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