ONEOK (NYSE:OKE) has risen sharply, recording gains of 4.8% in the past 4 weeks. However, the stock has corrected -0.44% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 14.95% from its 1 Year high price. On Jul 7, 2016, the shares registered one year high at $48.78 and the one year low was seen on Dec 18, 2015. The 50-Day Moving Average price is $45.20 and the 200 Day Moving Average price is recorded at $32.44.
The stock has recorded a 20-day Moving Average of 2.49% and the 50-Day Moving Average is 10.02%.
ONEOK (NYSE:OKE): stock turned positive on Friday. Though the stock opened at $47.52, the bulls momentum made the stock top out at $47.81 level for the day. The stock recorded a low of $47.01 and closed the trading day at $47.36, in the green by 0.79%. The total traded volume for the day was 1,920,554. The stock had closed at $46.99 in the previous days trading.
In an insider trading activity, Derksen Brian L, director of Oneok Inc /New/, had purchased 1,800 shares on March 17, 2016. The total value of the transaction was $54,594. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers, including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.