NEW YORK ( TheStreet) -- ONEOK Partners (NYSE: OKS) hit a new 52-week high Friday as it is currently trading at $49.25, above its previous 52-week high of $49.18 with 126,422 shares traded as of 12:26 p.m. ET. Average volume has been 296,500 shares over the past 30 days.

ONEOK has a market cap of $6.2 billion and is part of the basic materials sector and energy industry. Shares are up 20.6% year to date as of the close of trading on Thursday.

ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company has a P/E ratio of 20.3, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full ONEOK Ratings Report.

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