ONEOK (OKE) : During the past 4 weeks, traders have been relatively bearish on ONEOK (OKE), hence the stock is down -8.9% 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 -2.67% relative to the S&P 500. The 4-week change in the price of the stock is -5.84% and the stock has fallen -2.74% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.33% and the 50-Day Moving Average is 1.38%. ONEOK Inc. is up 23.9% in the last 3-month period. Year-to-Date the stock performance stands at 89.74%.
ONEOK (NYSE:OKE): stock turned positive on Friday. Though the stock opened at $43.78, the bulls momentum made the stock top out at $44.94 level for the day. The stock recorded a low of $43.531 and closed the trading day at $44.79, in the green by 1.61%. The total traded volume for the day was 2,609,829. The stock had closed at $44.08 in the previous days trading.
Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of ONEOK (NYSE:OKE). Jefferies has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $43 per share from a prior target of $42. The rating by the firm was issued on July 25, 2016.
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.