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

Several equities research analysts recently commented on the stock. Simmons upgraded shares of 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. Citigroup Inc. reiterated a “buy” rating on shares of Oneok Partners in a research report on Wednesday, May 18th. Piper Jaffray Cos. assumed coverage on shares of Oneok Partners in a research report on Friday, April 1st. They set a “neutral” rating on the stock. Credit Suisse Group AG upgraded shares of Oneok Partners from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $33.00 to $40.00 in a research report on Thursday, May 5th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Oneok Partners in a research report on Thursday, May 5th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Oneok Partners has an average rating of “Hold” and a consensus price target of $35.92.

The company’s 50 day moving average price is $39.36 and its 200 day moving average price is $32.92. The firm has a market capitalization of $11.92 billion and a price-to-earnings ratio of 39.56.

Oneok Partners (NYSE:OKS) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. During the same period in the prior year, the company earned $0.21 earnings per share. Equities research analysts forecast that Oneok Partners LP will post $2.23 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Agran Libbie boosted its position in shares of 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 during the last quarter. Atlantic Trust Group LLC boosted 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 last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of 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 during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Oneok Partners by 474.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 537,436 shares of the company’s stock valued at $16,193,000 after buying an additional 443,842 shares during the last quarter. Finally, California Public Employees Retirement System boosted 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 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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