Oneok Partners LP (NYSE:OKS) shares hit a new 52-week high during trading on Thursday . The company traded as high as $41.36 and last traded at $40.70, with a volume of 359,897 shares changing hands. The stock had previously closed at $40.10.

A number of analysts recently weighed in on OKS shares. Jefferies Group decreased their price objective on Oneok Partners to $37.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd. TheStreet upgraded Oneok Partners from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Citigroup Inc. increased their price objective on Oneok Partners from $31.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, April 19th. Barclays PLC started coverage on Oneok Partners in a report on Wednesday, April 13th. They issued an “equal weight” rating and a $32.00 price objective for the company. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Oneok Partners in a report on Thursday, May 5th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Oneok Partners presently has a consensus rating of “Hold” and a consensus price target of $34.62.

The firm’s 50-day moving average is $38.88 and its 200 day moving average is $32.41. The firm has a market cap of $11.58 billion and a price-to-earnings ratio of 38.45.

Oneok Partners (NYSE:OKS) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. During the same quarter in the prior year, the company earned $0.21 earnings per share. Equities analysts expect that Oneok Partners LP will post $2.24 earnings per share for the current year.

Other hedge funds have bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Oneok Partners by 99.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 884,264 shares of the company’s stock valued at $26,643,000 after buying an additional 441,932 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Oneok Partners during the fourth quarter valued at approximately $1,437,000. California Public Employees Retirement System increased its position in shares of Oneok Partners by 0.3% in the fourth quarter. California Public Employees Retirement System now owns 385,800 shares of the company’s stock valued at $11,624,000 after buying an additional 1,000 shares during the period. Atlantic Trust Group LLC increased its position in shares of Oneok Partners by 6.9% in the fourth quarter. Atlantic Trust Group LLC now owns 1,092,200 shares of the company’s stock valued at $32,908,000 after buying an additional 70,583 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of Oneok Partners by 0.9% in the fourth quarter. OppenheimerFunds Inc. now owns 5,125,368 shares of the company’s stock valued at $154,427,000 after buying an additional 43,611 shares during the period.

ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. The Company’s segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

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