ONEOK (NYSE:OKE) hit a new 52-week high Tuesday as it is currently trading at $49.89, above its previous 52-week high of $49.79 with one million shares traded as of 3:50 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.
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 Tuesday as it is currently trading at $49.89, above its previous 52-week high of $49.79 with one million shares traded as of 3:50 p.m. ET. Average volume has been 1.3 million shares over the past 30 days. ONEOK has a market cap of $10.18 billion and is part of the utilities sector and utilities industry. Shares are up 13.5% year to date as of the close of trading on Monday. ONEOK, Inc. operates as a diversified energy company in the United States. The company operates in three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. The company has a P/E ratio of 30.1, above the S&P 500 P/E ratio of 17.7.
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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 sub par growth in net income. You can view the full ONEOK Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.