ONEOK Stock Hits New 52-Week High (OKE)

NEW YORK ( TheStreet) -- ONEOK (NYSE: OKE) hit a new 52-week high Friday as it is currently trading at $45.11, above its previous 52-week high of $44.81 with 666,317 shares traded as of 11:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

ONEOK has a market cap of $8.96 billion and is part of the utilities sector and utilities industry. Shares are up 0.6% year to date as of the close of trading on Thursday.

ONEOK, Inc., a diversified energy company, engages in the gathering, processing, storage, and transportation of natural gas and natural gas liquids in the United States. The company operates through three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. The company has a P/E ratio of 27.1, above the average utilities industry P/E ratio of 26 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 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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