ONEOK Inc. (OKE): Today's Featured Utilities Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.2%. By the end of trading, ONEOK fell $1.61 (-3.0%) to $52.16 on heavy volume. Throughout the day, 5,157,268 shares of ONEOK exchanged hands as compared to its average daily volume of 1,429,800 shares. The stock ranged in price between $51.54-$53.26 after having opened the day at $53.20 as compared to the previous trading day's close of $53.77. Other companies within the Utilities sector that declined today were:
(
), down 8.6%,
(
), down 6.1%,
(
), down 2.4% and
(
), down 2.3%.
ONEOK, Inc. operates as a diversified energy company in the United States. The company operates in three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. ONEOK has a market cap of $8.8 billion and is part of the utilities industry. Shares are up 25.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate ONEOK a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
ONEOK
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full ONEOK Ratings Report.
On the positive front,
(
), up 3.5%,
(
), up 2.9%,
Empresa Distribuidora y Comercializadora No
(
), up 2.6% and
(
), up 2.5% , were all gainers within the utilities sector with
(
) being today's featured utilities sector leader.
- Use our utilities section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider
(
) while those bearish on the utilities sector could consider
ProShares UltraShort Utilities
(
).
- Find other investment ideas from our top rated ETFs lists.
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