NASDAQ · STOCK
Oneok
$90.80
52W $64.02 – $96.07
52/100
$57.21B
16.2
0.71
Is OKE Bullish or Bearish?
Mixed.
Innellis AI committee rates Oneok (OKE) Watch with a composite score of 52/100
, based on 7 analysts with 71% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +8.45 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -11.55 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Value Analyst sees a compelling case — roe of 15.9% shows genuine earnings power backing the valuation. Risk Analyst remains cautious — current ratio of 0.71 is tight -- limited short-term liquidity cushion. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 15.9% shows genuine earnings power backing the valuation — Value
- Dividend yield of 4.8% pays you to wait — Value
- 3 consecutive earnings beats -- consistent execution — Growth
- Price structure making higher highs and higher lows — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- Revenue declining -14.7% YoY -- this is not a growth story right now — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical
- Current ratio of 0.71 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
52/100
Agreement
71%
Analysts
7
Conviction
Moderate
Sector Rank
Top 80%
of 40 Energy peers
Value Analyst
bullish
63
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ ROE of 15.9% shows genuine earnings power backing the valuation
Growth Analyst
neutral
43
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ 3 consecutive earnings beats -- consistent execution
− Revenue declining -14.7% YoY -- this is not a growth story right now
Technical Analyst
neutral
57
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.71 is tight -- limited short-term liquidity cushion
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 52.9 to 51.5.
- Conviction changed from contested to moderate.
- Committee agreement increased sharply from 43% to 71%.
- New bearish signals: 2 appeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, News Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- News Analyst: stance bullish->neutral.
- Portfolio Manager: +2 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
50.7
Neutral
MACD Histogram
-0.347
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$83.12
Resistance
$95.30
Bollinger %B
0.46
Inside Bands
Price vs Moving Averages
EMA 9
$90.60
Above
EMA 21
$90.53
Above
EMA 50
$89.62
Above
EMA 200
$84.51
Above
Fundamental Analysis
Valuation
81
Growth
43
Profitability
0
Financial Health
25
Cash Flow
36
Valuation
P/E Ratio
16.2×
P/B Ratio
2.56×
PEG Ratio
1.69
Dividend Yield
0.05%
52W High
$96.07
52W Low
$64.02
Quality & Growth
ROE
15.1%
ROA
5.1%
Gross Margin
23.9%
Operating Margin
20.3%
Revenue Growth YoY
—
Debt / Equity
1.51
AI Fundamental Assessment
P/E ratio of 16.2 (inexpensive relative to a 15-40x range); Price-to-book of 2.6x; PEG ratio of 1.7 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.2%; Return on assets of 0.1%; Net margin of 0.1%; Gross margin of 0.2%; Current ratio of 0.71 (tight short-term liquidity); Debt-to-equity of 1.51; Free cash flow margin of 0.4% (thin cash generation); Free cash flow per share is positive (3.55); Most recent quarter beat estimates by 0.3%; 3 consecutive earnings beats; EPS growth decelerating (+4.0% -> -14.8% QoQ); Analyst estimates falling over recent quarters
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