Benzinga | Sep 21, 2020 11:24AM EDT

Why Oneok's Stock Is Trading Lower Today

Oneok (NYSE:OKE) shares are trading lower on Monday amid weakness in the price of oil and a downgrade of the stock by analysts at ScotiaBank from Outperform to Sector Perform.

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

Oneok shares were trading down 5.59% at $26 on Monday during the time of publication. The stock has a 52-week high of $78.48 and a 52-week low of $12.16.