ONEOK Stock Hits New 52-Week High (OKS)

NEW YORK ( TheStreet) -- ONEOK Partners (NYSE: OKS) hit a new 52-week high Wednesday as it is currently trading at $51.22, above its previous 52-week high of $51 with 11,926 shares traded as of 9:36 a.m. ET. Average volume has been 252,100 shares over the past 30 days.

ONEOK has a market cap of $6.46 billion and is part of the basic materials sector and energy industry. Shares are up 27.7% year to date as of the close of trading on Tuesday.

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 19, above the average energy industry P/E ratio of 12.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, notable return on equity, solid stock price performance and impressive record of earnings per share growth. 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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