ONEOK Inc. (OKE) Paces Utilities with 3.48% Gain on August 19

ONEOK Inc. (OKE) was one of the best performers amongst all companies listed in the utilities sector on the NYSE and NASDAQ exchanges during trading on August 19, climbing 3.48% to wrap the day at $49.62 after closing the day prior at $47.95. Throughout the trading session, shares of OKE rose as high as $49.63 and dipped as low as $48.13. Today’s advance came with about 2.13 million shares changing hands, compared to an average 30-day volume of 2.23 million for ONEOK Inc.. The price is currently below the 30-day volume weighted average price of $49.12 for OKE.

The share appreciation today gives the company a market capitalization of $10.09 billion based upon 210.43 million shares outstanding. It also means that OKE has a price-to-book ratio of 42.5:1.

In the past 52 weeks, shares of OKE have traded as low as $18.84 and as high as $49.085. Technical traders will take note that at $49.62, shares of OKE are trading above their 200-day MA at $32.53 and above their 50-day MA at $45.66. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is OKE?

ONEOK Inc is a diversified energy company. Its business segments include Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The company’s 2364 employees are led by CEO Terry K. Spencer from the corporate headquarters at 100 West Fifth Street in Tulsa, OK.

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