Oneok shares rallied nearly 50 percent year to date, making it No. 10 in the top S&P stocks of 2011.
Stock in the natural gas systems company traded midday at $82.88, near its 52-week high of $84.33. Its low within the same period was $53.51, with EPS of $3.03.
“Fast Money” pro Steve Grasso liked the sector.
“You slap ‘utility’ into a title of a company and you are guaranteed to have a winner in this year, especially,” he said.
But for a better play, Grasso pointed to Dominion and Southern, which traded at a lower earnings multiple and boasted a higher yield than Oneok.
Trader Zack Karabell also sounded bearish on the sector.
“This really does speak to the fact of the strength of the U.S. domestic natural gas industry, particularly with the troubles of the XL pipeline,” he said.
Related Stories
- How to Play Natural Gas Stocks
- Slideshow: 10 Top Stocks for the Long-Term Investor
- See More: 2011 Top S&P 500 Stocks
______________________________________________________
Got something to to say? Email fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published online, email .
Trader disclosure: On Dec. 19, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Adami owns AGU; Adami owns MSFT; Adami owns NUE; Adami owns BTU; Adami owns C; Adami owns GS; Adami owns INTC; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU;
Steve Grasso
Stuart Frankel & Co and its partners own
Stuart Frankel & Co and its partners own ABX
Stuart Frankel & Co and its partners own APC
Stuart Frankel & Co and its partners own CSCO
Stuart Frankel & Co and its partners own CUBA
Stuart Frankel & Co and its partners own DVN
Stuart Frankel & Co and its partners own GERN
Stuart Frankel & Co and its partners own GM
Stuart Frankel & Co and its partners own HPQ
Stuart Frankel & Co and its partners own HSP
Stuart Frankel & Co and its partners own HSPO
Stuart Frankel & Co and its partners own MSFT
Stuart Frankel & Co and its partners own MU
Stuart Frankel & Co and its partners own NEM
Stuart Frankel & Co and its partners own NYX
Stuart Frankel & Co and its partners own PRST
Stuart Frankel & Co and its partners own RDC
Stuart Frankel & Co and its partners own UAL
Stuart Frankel & Co and its partners own XRX
Brian Kelly
Shelter Harbor Capital is short UBS
Shelter Harbor Capital is short CS
Dan Dicker
No disclosures
Jeff Hirsch
No disclosures
Gregory Badishkanian
Citigroup Global Markets Inc. or its affiliates beneficially owns 1% or more of any class of common equity securities of Polaris Industries, Carnival Corp.. This position reflects information available as of the prior business day.
Within the past 12 months, Citigroup Global Markets Inc. or its affiliates has acted as manager or co-manager of an offering of securities of Harley-Davidson Inc, Mattel Inc.
Citigroup Global Markets Inc. or its affiliates has received compensation for investment banking services provided within the past 12 months from Harley-Davidson Inc, Mattel Inc, Hasbro Inc, Carnival Corp..
Citigroup Global Markets Inc. or its affiliates expects to receive or intends to seek, within the next three months, compensation for investment banking services from Harley-Davidson Inc.
Citigroup Global Markets Inc. or an affiliate received compensation for products and services other than investment banking services from Harley-Davidson Inc, Polaris Industries, Mattel Inc, Hasbro Inc, Carnival Corp. in the past 12 months.
Citigroup Global Markets Inc. currently has, or had within the past 12 months, the following as investment banking client(s): Harley-Davidson Inc, Mattel Inc, Hasbro Inc, Carnival Corp..
Citigroup Global Markets Inc. currently has, or had within the past 12 months, the following as clients, and the services provided were non-investment-banking, securities-related: Hain Celestial Group Inc, Harley-Davidson Inc, Mattel Inc, Hasbro Inc, Carnival Corp..
Citigroup Global Markets Inc. currently has, or had within the past 12 months, the following as clients, and the services provided were non-investment-banking, non-securities-related: Harley-Davidson Inc, Polaris Industries, Mattel Inc, Hasbro Inc, Carnival Corp..
Analysts' compensation is determined based upon activities and services intended to benefit the investor clients of Citigroup Global Markets Inc. and its affiliates ("the Firm"). Like all Firm employees, analysts receive compensation that is impacted by overall firm profitability which includes investment banking revenues.
The Firm is a market maker in the publicly traded equity securities of Hain Celestial Group Inc, Whole Foods Market Inc, Mattel Inc, Hasbro Inc.
Rajesh Ghai
ThinkEquity LLC makes a market in VMware, Inc., EMC Corporation and Microsoft Corporation securities; and/or associated persons may sell to or buy from customers on a principal basis.
Peter Misek
Ticonderoga Securities LLC makes a market in JEF security. Ticonderoga Securities LLC, in its market making capacity, sells to or buys from customers the securities of this company on a principal basis.
Rich Greenfield
No disclosures