Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- ONEOK (NYSE: OKE) hit a new 52-week high Thursday as it is currently trading at $49.58, above its previous 52-week high of $49.36 with 90,442 shares traded as of 10:10 a.m. ET. Average volume has been 988,000 shares over the past 30 days. ONEOK has a market cap of $9.86 billion and is part of the utilities sector and utilities industry. Shares are up 11% year to date as of the close of trading on Wednesday. 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 29.7, above the average utilities industry P/E ratio of 28.4 and above the S&P 500 P/E ratio of 17.7.
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