uploads///how did oke fare last week

ONEOK Stock Rose Compared to the Energy Sector Last Week


Nov. 20 2020, Updated 5:03 p.m. ET

ONEOK’s price performance

ONEOK (OKE) rose 4.4% for the week ending March 31, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) rose 2%. NYMEX near-month West Texas Intermediate crude oil futures price rose 5.5% week-over-week. ONEOK stock rose 0.5% in the previous week ending March 24, 2017.

The above graph compares ONEOK’s stock performance in the last week with XLE and crude oil.

Article continues below advertisement

Year-to-date performance

ONEOK fell 3% YTD (year-to-date). In comparison, Plains All American Pipeline (PAA) fell 2% and XLE fell 7% YTD. Enterprise Products Partners (EPD) rose 2% during the same period. Notably, ONEOK rose significantly in 2016 and outperformed it peers. Read ONEOK Stock Doubled in 2016: Can Its Momentum Be Sustained? to learn more.

Despite the announcement of the acquisition of ONEOK Partners (OKS) in February 2017 and strong guidance for 2017, the stock has seen some profit-booking in 2017.

In this series, we’ll take a look at ONEOK’s technical indicators, short interest, and current valuation relative to its peers. We’ll also look at the stock’s expected price range for the current week based on its implied volatility.

Let’s start with an analysis of ONEOK’s moving averages in the next part of the series.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.