Oneok Partners LP (NYSE:OKS) shares were down 2.3% during mid-day trading on Friday . The stock traded as low as $40.20 and last traded at $40.42, with a volume of 289,376 shares traded. The stock had previously closed at $41.37.

Several research analysts recently issued reports on OKS shares. Simmons reiterated an “overweight” rating and issued a $45.00 target price (up from $42.00) on shares of Oneok Partners in a research report on Saturday, June 25th. Robert W. Baird upgraded shares of Oneok Partners from an “underperform” rating to a “neutral” rating and upped their price target for the company from $24.00 to $45.00 in a research report on Friday, August 12th. Jefferies Group lowered shares of Oneok Partners from a “buy” rating to a “hold” rating and upped their price target for the company from $37.00 to $40.00 in a research report on Wednesday, June 8th. US Capital Advisors lowered shares of Oneok Partners from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 18th. Finally, Barclays PLC upped their price target on shares of Oneok Partners from $32.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, May 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Oneok Partners presently has an average rating of “Hold” and an average target price of $38.31.

The stock has a 50-day moving average price of $40.89 and a 200-day moving average price of $35.44. The company has a market capitalization of $11.54 billion and a P/E ratio of 34.35.

Oneok Partners (NYSE:OKS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by $0.14. During the same period last year, the firm earned $0.44 EPS. On average, analysts anticipate that Oneok Partners LP will post $2.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, August 14th. Shareholders of record on Monday, August 8th were paid a $0.79 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 7.82%.

Other institutional investors have modified their holdings of the company. US Bancorp DE boosted its position in shares of Oneok Partners by 25.4% in the fourth quarter. US Bancorp DE now owns 35,101 shares of the company’s stock worth $1,057,000 after buying an additional 7,115 shares during the last quarter. Jennison Associates LLC boosted 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 worth $6,275,000 after buying an additional 67,079 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Oneok Partners by 474.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 537,436 shares of the company’s stock worth $16,193,000 after buying an additional 443,842 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position in Oneok Partners by 8.6% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,187,079 shares of the company’s stock worth $396,556,000 after buying an additional 1,046,050 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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