ONEOK (NYSE:OKE) has climbed 0.84% in the past week and advanced 8.4% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.05% and the outperformance has advanced to 7.41% for the last 4 weeks period.
ONEOK (NYSE:OKE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.96 and $44.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.57, notching a gain of 1.49% for the day. The total traded volume was 5,527,459 . The stock had closed at $44.90 on the previous day.
The company shares have rallied 16.73% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $46.79 and the one year low was seen on Dec 18, 2015. The 50-Day Moving Average price is $41.93 and the 200 Day Moving Average price is recorded at $29.92.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Oneok Inc /New/, Derksen Brian L had purchased shares worth of $54,594 in a transaction dated on March 17, 2016. A total of 1,800 shares were purchased at a price of $30.33 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Argus Research downgrades its rating on ONEOK (NYSE:OKE).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 0.9% of ONEOK shares according to the proxy statements. Institutional Investors own 75.03% of ONEOK shares. During last six month period, the net percent change held by insiders has seen a change of -18.81%.
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.