NEW YORK ( TheStreet) -- ONEOK Partners L.P (NYSE: OKS) hit a new 52-week high Friday as it is currently trading at $59.97, above its previous 52-week high of $59.87 with 46,768 shares traded as of 10:10 a.m. ET. Average volume has been 300,600 shares over the past 30 days. ONEOK Partners L.P has a market cap of $7.45 billion and is part of the basic materials sector and energy industry. Shares are up 1.9% 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 22.2, above the average energy industry P/E ratio of 14.9 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates ONEOK Partners L.P 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 Partners L.P Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.