ONEOK (OKE) Shares are Up 5.7%

ONEOK (OKE) : Traders are bullish on ONEOK (OKE) as it has outperformed the S&P 500 by a wide margin of 7.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.52%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.7% in the last 1 week, and is up 6.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 5.77% and the 50-Day Moving Average is 9.19%.The 200 Day SMA reached 43.56%


ONEOK (NYSE:OKE): After opening at $51.49, the stock dipped to an intraday low of $50.85 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.6 and the buying power remained strong till the end. The stock closed at $51.39 for the day, a gain of 0.88% for the day session. The total traded volume was 2,050,755. The stocks close on the previous trading day was $51.39.

ONEOK (OKE) : 9 Wall Street analysts covering ONEOK (OKE) believe that the average level the stock could reach for the short term is $44.67. The maximum price target given is $49 and the minimum target for short term is around $38, hence the standard deviation is calculated at $3.87.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.