Oneok Partners LP (NYSE:OKS) reached 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.

OKS has been the topic of a number of recent analyst reports. Simmons started coverage on Oneok Partners in a report on Friday, April 1st. They set a “neutral” rating and a $35.00 price target on the stock. BMO Capital Markets started coverage on Oneok Partners in a research report on Tuesday, April 19th. They set an “outperform” rating and a $36.00 price objective for the company. Credit Suisse Group AG lowered Oneok Partners from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $34.00 to $33.00 in a research report on Thursday, March 17th. Barclays PLC raised their price objective on Oneok Partners from $32.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, May 9th. Finally, TheStreet upgraded Oneok Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.62.

The stock has a market capitalization of $11.73 billion and a price-to-earnings ratio of 38.95. The stock has a 50 day moving average of $39.05 and a 200 day moving average of $32.58.

Oneok Partners (NYSE:OKS) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. During the same quarter last year, the company posted $0.21 earnings per share. On average, analysts forecast that Oneok Partners LP will post $2.23 EPS for the current year.

Several hedge funds and institutional investors recently added to or reduced their stakes in OKS. Moors & Cabot Inc. increased its position in Oneok Partners by 1.3% in the fourth quarter. Moors & Cabot Inc. now owns 52,456 shares of the company’s stock valued at $1,580,000 after buying an additional 691 shares during the period. California Public Employees Retirement System increased its position in 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. US Bancorp DE increased its position in Oneok Partners by 25.4% in the fourth quarter. US Bancorp DE now owns 35,101 shares of the company’s stock valued at $1,057,000 after buying an additional 7,115 shares during the period. OppenheimerFunds Inc. increased its position in 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. Finally, Penserra Capital Management LLC bought a new position in Oneok Partners during the fourth quarter valued at $1,437,000.

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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