Shares of Oneok Inc. (NYSE:OKE) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.78 and last traded at $47.07, with a volume of 1,290,921 shares. The stock had previously closed at $47.41.

A number of research firms have issued reports on OKE. Jefferies Group downgraded Oneok from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $34.00 to $42.00 in a research note on Wednesday, June 8th. Argus downgraded Oneok from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. Citigroup Inc. lifted their price objective on Oneok from $35.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, June 17th. US Capital Advisors downgraded Oneok from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 18th. Finally, Barclays PLC raised Oneok from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $27.00 to $49.00 in a research report on Monday, May 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $34.31.

The firm has a 50 day moving average of $44.82 and a 200 day moving average of $32.15. The stock has a market capitalization of $9.86 billion and a price-to-earnings ratio of 37.02.

Oneok (NYSE:OKE) last released its earnings results on Tuesday, May 3rd. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.01. During the same quarter last year, the firm posted $0.29 earnings per share. On average, equities analysts predict that Oneok Inc. will post $1.77 earnings per share for the current fiscal year.

Other institutional investors have recently added to or reduced their stakes in the company. Russell Frank Co increased its position in Oneok by 13.2% in the fourth quarter. Russell Frank Co now owns 199,853 shares of the company’s stock valued at $4,685,000 after buying an additional 23,313 shares during the period. State Board of Administration of Florida Retirement System increased its position in Oneok by 2.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 279,536 shares of the company’s stock valued at $6,893,000 after buying an additional 6,070 shares during the period. Nationwide Fund Advisors increased its position in Oneok by 1.7% in the fourth quarter. Nationwide Fund Advisors now owns 62,652 shares of the company’s stock valued at $1,545,000 after buying an additional 1,046 shares during the period. California State Teachers Retirement System increased its position in Oneok by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 393,613 shares of the company’s stock valued at $9,706,000 after buying an additional 6,248 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Oneok by 0.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 114,960 shares of the company’s stock valued at $2,833,000 after buying an additional 550 shares during the period.

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 business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.

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