Stock Analysis | Oneok Outlook - Caution Advised as Technical and Analyst Signals Diverge

Market Snapshot

Takeaway: Oneok (OKE) faces a bearish technical outlook with an internal diagnostic score of 2.96, while fundamentals remain mixed at 3.57. Analysts are split, and recent market activity shows negative money-flow trends.

News Highlights

• Colombia oil and gas E&P investment could jump 8% in 2025 – This news may indirectly benefit global energy companies, but with current bearish signals, it may not immediately lift Oneok’s stock.
• Tinubu introduces executive order to boost oil, gas Sector – Policy changes in Nigeria could improve regional oil production and attract investment, but Oneok is more exposed to North American markets.
• OPEC+ may discuss oil output hike larger than 411,000 bpd for July – A larger-than-expected production boost could weigh on oil prices, potentially affecting midstream operators like Oneok.

Analyst Views & Fundamentals

The average rating score for Oneok is 3.33 (simple mean), while the weighted rating score is 2.23, reflecting a more pessimistic view based on historical performance. Analysts are not aligned, with ratings ranging from "Underperform" to "Neutral." This inconsistency adds to the uncertainty for investors.

Key fundamental factors include:

• Net profit attributable to parent company shareholders / Net profit – 95.66% (score: 1)
• P/B ratio – 26.63% (score: 2)
• Net income / Revenue – 19.65% (score: 2)
• Profit-to-market value – 130.85% (score: 1)
• Inventory turnover days – 13.12 days (score: 2)

These values suggest modest operational efficiency and a somewhat attractive valuation, but the low scores reflect weaker signals on profitability and return on investment.

Money-Flow Trends

Big-money investors are currently negative on Oneok, with all inflow categories (extra-large, large, medium, small) showing inflow ratios around 48-49%. The overall trend is bearish, indicating institutional and retail investors are both cautious. The fund-flow score of 7.8 (good) reflects strong capital management but a negative directional bias.

Key Technical Signals

Our internal diagnostic scores (0-10) for the key technical indicators suggest weak momentum:

• MACD Golden Cross – Score: 3.70 – A positive signal in an otherwise bearish landscape, but it needs to hold for longer to confirm strength.
• WR Oversold – Score: 2.62 – The stock has been overbought recently, signaling caution.
• WR Overbought – Score: 2.56 – This has appeared frequently over the past week, suggesting overbought conditions.

Recent chart patterns over the last five days have included multiple WR Overbought signals and one MACD Golden Cross. However, the lack of strong bullish indicators and the dominance of bearish ones suggest weak market conviction.

Conclusion

Actionable Takeaway: Investors should consider waiting for a pull-back before entering a position in Oneok. The technical side shows an internal diagnostic score of 2.96, and the market is trending weakly. Analysts are split, and money flows are negative. The fundamentals are not strong enough to justify risk-taking at this time. Keep an eye on OPEC+ output decisions and regional regulatory updates for potential catalysts.