ONEOK Partners L.P Stock Hits New 52-Week High (OKS)

NEW YORK ( TheStreet) -- ONEOK Partners L.P (NYSE: OKS) hit a new 52-week high Monday as it is currently trading at $61.22, above its previous 52-week high of $61.02 with 49,528 shares traded as of 10:50 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 5.6% year to date as of the close of trading on Friday.

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 18, 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, reasonable valuation levels, good cash flow from operations, compelling growth in net income and notable return on equity. 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.

If you liked this article you might like

Morgan Stanley, Kirkland Two Busiest Dealmakers in First Quarter

Why These 7 Stocks Are Poised to Explode

How to Trade Hot Stocks Apple, Seadrill, Advanced Micro Devices

Cramer: ONEOK Looks A-OK to Me