Oneok Inc. (OKE) Hits New 1-Year High at $49.70
Oneok Inc. (NYSE:OKE) shares hit a new 52-week high during trading on Friday . The stock traded as high as $49.70 and last traded at $49.48, with a volume of 955,158 shares traded. The stock had previously closed at $49.62.
Several research analysts recently commented on OKE shares. Credit Suisse Group AG lifted their target price on shares of Oneok from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, May 5th. Jefferies Group reiterated a “buy” rating and issued a $34.00 target price on shares of Oneok in a report on Thursday, May 5th. Goldman Sachs Group Inc. lifted their target price on shares of Oneok from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, May 5th. Barclays PLC upgraded shares of Oneok from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $27.00 to $49.00 in a report on Monday, May 9th. Finally, US Capital Advisors downgraded shares of Oneok from an “overweight” rating to a “hold” rating in a report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.71.
The firm has a market cap of $10.44 billion and a price-to-earnings ratio of 39.23. The firm’s 50 day moving average is $46.47 and its 200 day moving average is $37.17.
Oneok (NYSE:OKE) last posted its earnings results on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by $0.03. During the same period last year, the business posted $0.36 EPS. Equities research analysts anticipate that Oneok Inc. will post $1.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, August 14th. Investors of record on Monday, August 15th were given a dividend of $0.615 per share. The ex-dividend date was Thursday, August 4th. This represents a $2.46 annualized dividend and a yield of 4.95%.
A hedge fund recently raised its stake in Oneok stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Oneok Inc. (NYSE:OKE) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,900 shares of the company’s stock after buying an additional 14,100 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Oneok were worth $1,970,000 at the end of the most recent 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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