Oneok Outlook - A Technical Weakness and Mixed Analyst Signals

Market Snapshot

Oneok (OKE.N) faces a bearish technical outlook and a mixed analyst consensus, with the current price down -1.75% and a weak internal diagnostic score of 3.78 on technical indicators. Investors are advised to proceed with caution.

News Highlights

Two recent insights into the oil and gas industry provide context for Oneok’s position in the market:

• Deloitte Insights outlines a resilient 2024 for the oil and gas industry amid supply constraints, geopolitical tensions, and energy transition efforts. Stable oil prices are a key takeaway for energy infrastructure firms like Oneok.
• As 2025 begins, the industry is at a pivotal moment with new projects and technologies expected to drive change. These trends could affect Oneok’s long-term growth prospects.

Analyst Views & Fundamentals

Analyst ratings and fundamental data for Oneok present a mixed picture:

• Average rating score (simple mean): 3.33 (neutral).
• Weighted rating score (performance-weighted): 2.23 (slightly bearish).
• Rating consistency: Dispersed, with 2 out of 3 analysts recommending 'Neutral' and one a 'Buy' over the last 20 days. The market expects a conservative stance.
• Price alignment: The current price decline (-1.75%) aligns with the weighted expectations, suggesting bearish sentiment is already being priced in.

Key fundamental factors and their values:

• Price-to-Book (PB): 0.27% – Internal diagnostic score: 2.25.
• Net Profit Attributable to Parent Company Shareholders / Net Profit (%): 95.66% – Internal diagnostic score: 2.51.
• Profit-Market Value (Profit-MV): 1.31 – Internal diagnostic score: 2.58.
• Net Income to Revenue: 19.65% – Internal diagnostic score: 2.85.
• Inventory Turnover Days: 13.12 days – Internal diagnostic score: 3.83.

Money-Flow Trends

Capital flows into Oneok show a negative trend across all sizes of investment:

• Overall inflow ratio: 48.57% – suggesting investors are cautious about the stock’s performance.
• Big-money flows: Extra-large and large flows are trending negatively, indicating institutional disinterest.
• Retail (small) flows: Also negative (48.39%), showing a lack of retail participation or confidence.
• Internal diagnostic score (fund flow): 7.84 (good), which contrasts with the weak technical and fundamental outlook.

Key Technical Signals

The technical signals for Oneok are predominantly bearish, with no bullish indicators and 3 out of 4 indicators scoring poorly:

• MACD Golden Cross: Internal diagnostic score: 3.70. This is a bearish divergence in a weak trend environment.
• WR Overbought: Internal diagnostic score: 2.78. This overbought condition has historically yielded negative returns (avg: -0.39%).
• WR Oversold: Internal diagnostic score: 2.78. Despite an oversold condition, it hasn’t triggered a strong recovery.
• MACD Death Cross: Internal diagnostic score: 6.39. A bearish signal with a relatively higher confidence score, historically averaging +0.46% returns.

Recent chart patterns (from recent_indicators_by_date):

• 2025-09-08: WR Oversold and MACD Death Cross appeared simultaneously—signaling a strong bearish momentum.
• 2025-08-28 to 2025-08-29: Repeated WR Overbought signals, indicating price was overextended higher before correcting.

Key insights from technical analysis:

• The market is in a volatile state, and the direction is not clear enough.
• Bearish signals are clearly dominant (3 bearish vs. 0 bullish).
• Overall trend is weak, with a suggestion to avoid the stock until a clearer direction emerges.

Conclusion

Oneok is currently facing a bearish technical profile with no strong bullish indicators. The stock’s fundamentals and analyst ratings are also mixed, with the price already reflecting weak sentiment. While fund flows remain active, the internal diagnostic scores (3.78 technical, 3.03 fundamental) suggest it is not yet a compelling buy. Investors are advised to consider waiting for a clearer pullback or improved technical confirmation before engaging with OKE.