ONEOK (OKE) has risen sharply, recording gains of 0.5% in the past 4 weeks. However, the stock has corrected -4.3% in the past 1 week, providing a good buying opportunity on dips. ONEOK (OKE) : During the past 4 weeks, traders have been relatively bearish on ONEOK (OKE), hence the stock is down -5.86% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.89% relative to the S&P 500.
ONEOK (NYSE:OKE): The stock opened at $46.64 on Friday but the bulls could not build on the opening and the stock topped out at $46.99 for the day. The stock traded down to $45.57 during the day, due to lack of any buying support eventually closed down at $46.05 with a loss of -0.50% for the day. The stock had closed at $46.28 on the previous day. The total traded volume was 1,886,216 shares.
The stock has recorded a 20-day Moving Average of 2.24% and the 50-Day Moving Average is 2.28%. ONEOK Inc. is up 30.76% in the last 3-month period. Year-to-Date the stock performance stands at 95.08%.
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.