Stock Analysis | Oneok Outlook - A Neutral Technical Picture Amid Mixed Fundamentals and Volatile Market Sentiment

Market Snapshot

Oneok is in technical neutrality with a score of 5.72 — watch for clarity from price action. The stock has seen a recent price drop of -7.39%, though technical indicators are mixed, with no clear bullish or bearish momentum. Analysts remain neutral, and the market is in a wait-and-see phase.

News Highlights

Recent developments in the energy sector may indirectly affect Oneok:

• Colombia boosts oil and gas E&P investments by 8% in 2025, potentially increasing global energy demand and stabilizing prices over the medium term.
• Brazil’s President Lula faces pressure to support oil industry expansion, which may create regulatory uncertainty for natural gas players like Oneok in international markets.
• Private equity fossil fuel exits are rising, with $18.54 billion in deals so far in 2025. While not directly affecting Oneok, the broader trend reflects shifting capital toward cleaner alternatives.

Analyst Views & Fundamentals

Analysts remain neutral on Oneok with an average rating of 3.00 and a performance-weighted rating of 3.62. The ratings show moderate dispersion, with no strong consensus among analysts. This contrasts with the recent -7.39% price decline, suggesting the market may be reacting to broader energy sector pressures rather than company-specific fundamentals.

Key fundamental values and their internal diagnostic scores (0-10):

• Revenue-MV: 1.60 – score of 2.00 (weak)
• Net profit attributable to parent company shareholders / Net profit (%): 95.66% – score of 2.00 (weak)
• Inventory turnover ratio: 13.72x – score of 2.00 (weak)
• Net income-Revenue: 19.39% – score of 2.00 (weak)
• Profit-MV: 1.31 – score of 2.00 (weak)
• Fixed assets turnover ratio: 0.34x – score of 0.00 (very weak)
• Long-term debt to working capital ratio (%): 7.24% – score of 1.00 (very weak)
• Asset-MV: 1.59 – score of 3.00 (neutral)
• Inventory turnover days: 13.12 days – score of 3.00 (neutral)

Overall, the fundamental scores are mixed, with key financial metrics like revenue, net profit, and asset turnover underperforming. Investors should watch for improvements in these metrics ahead of a potential turnaround.

Money-Flow Trends

Big-money flows into Oneok are showing a positive trend, with the block inflow ratio at 50.37% and the overall inflow ratio at 50.23%. This suggests institutional investors are cautiously optimistic despite the recent price drop. However, small investors are less confident, with Small_trend negative and Small_inflow_ratio at 47.36%. The disparity between large and small investor sentiment highlights the mixed market outlook for the stock.

Key Technical Signals

Oneok's technical indicators point to a wait-and-see stance, with a technical score of 5.72:

• RSI Oversold – internal diagnostic score of 7.80 (strong bullish signal)
• Dividend Payable Date – internal diagnostic score of 7.08 (neutral with potential for positive sentiment)
• WR Oversold – internal diagnostic score of 2.28 (weak, suggesting a need for confirmation)

Recent chart patterns over the last five days include:

• August 14: Dividend Payable Date
• August 11 & 12: WR and RSI both show Oversold signals

Key technical insights suggest that while there are signs of potential bottoming in the RSI, the market remains volatile and lacks clear direction. Investors should monitor the strength of the upcoming dividend-related buying activity and look for confirmation from the WR oscillator before committing capital.

Conclusion

Consider waiting for a clearer breakout or pull-back before entering a position in Oneok. While the recent technical signals and inflow trends from large investors are encouraging, the fundamentals remain weak, and the market is in a state of uncertainty. Investors should also keep a close eye on earnings and broader energy sector developments for potential catalysts.