Oneok Inc. (NYSE:OKE) traded down 3% during trading on Wednesday . The stock traded as low as $43.61 and last traded at $43.96, with a volume of 3,161,511 shares changing hands. The stock had previously closed at $45.32.

Several equities research analysts have recently commented on the stock. Jefferies Group boosted their target price on shares of Oneok from $42.00 to $43.00 and gave the company a “hold” rating in a research note on Monday. Zacks Investment Research upgraded shares of Oneok from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday. Argus downgraded shares of Oneok from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. Citigroup Inc. upped their price target on shares of Oneok from $35.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, June 17th. Finally, US Capital Advisors downgraded shares of Oneok from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.23.

The company has a market capitalization of $9.24 billion and a P/E ratio of 34.70. The company’s 50 day moving average price is $46.45 and its 200 day moving average price is $34.52.

Oneok (NYSE:OKE) last released its earnings results on Tuesday, May 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.01. During the same quarter in the previous year, the company posted $0.29 earnings per share. Equities analysts predict that Oneok Inc. will post $1.78 earnings per share for the current year.

Other institutional investors recently bought and sold shares of the company. Suntrust Banks Inc. raised its position in Oneok by 115.9% in the fourth quarter. Suntrust Banks Inc. now owns 41,416 shares of the company’s stock worth $1,021,000 after buying an additional 22,233 shares in the last quarter. GAM Holding AG raised its position in Oneok by 825.2% in the fourth quarter. GAM Holding AG now owns 46,934 shares of the company’s stock worth $1,157,000 after buying an additional 41,861 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Oneok by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 60,206 shares of the company’s stock worth $1,485,000 after buying an additional 600 shares in the last quarter. Nationwide Fund Advisors raised its position in Oneok by 1.7% in the fourth quarter. Nationwide Fund Advisors now owns 62,652 shares of the company’s stock worth $1,545,000 after buying an additional 1,046 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its position in Oneok by 11.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 55,499 shares of the company’s stock worth $2,036,000 after buying an additional 5,794 shares in the last quarter.

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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