Oneok Partners LP (NYSE:OKS) shares reached a new 52-week high on Wednesday . The stock traded as high as $42.34 and last traded at $42.06, with a volume of 268,446 shares trading hands. The stock had previously closed at $42.11.

Several research analysts recently weighed in on the company. Piper Jaffray Cos. raised Oneok Partners from a “neutral” rating to an “overweight” rating in a research report on Wednesday, May 4th. TheStreet raised Oneok Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Oneok Partners in a research report on Thursday, May 5th. Goldman Sachs Group Inc. upped their target price on Oneok Partners from $23.00 to $26.00 and gave the stock a “sell” rating in a research report on Thursday, May 5th. Finally, Simmons raised Oneok Partners from a “neutral” rating to an “overweight” rating and set a $35.00 target price on the stock in a research report on Wednesday, May 4th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.92.

The firm’s 50 day moving average is $39.18 and its 200 day moving average is $32.79. The firm has a market capitalization of $11.94 billion and a PE ratio of 39.62.

Oneok Partners (NYSE:OKS) last posted its earnings results on Tuesday, May 3rd. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. During the same period in the prior year, the business earned $0.21 EPS. Analysts forecast that Oneok Partners LP will post $2.23 earnings per share for the current year.

Other hedge funds and institutional investors have bought and sold shares of the company. US Bancorp DE raised 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 in the last quarter. Penserra Capital Management LLC acquired a new position in Oneok Partners during the fourth quarter valued at $1,437,000. Moors & Cabot Inc. raised 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 in the last quarter. Agran Libbie raised its position in Oneok Partners by 9,865.8% in the fourth quarter. Agran Libbie now owns 14,461,409 shares of the company’s stock valued at $4,357,000 after buying an additional 14,316,298 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Oneok Partners by 47.5% in the fourth quarter. Jennison Associates LLC now owns 208,278 shares of the company’s stock valued at $6,275,000 after buying an additional 67,079 shares in the last quarter.

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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