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

A number of research analysts have recently weighed in on OKS shares. Zacks Investment Research upgraded Oneok Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Monday, July 11th. Citigroup Inc. restated a “buy” rating on shares of Oneok Partners in a research report on Wednesday, May 18th. TheStreet upgraded Oneok Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. Barclays PLC increased their price target on shares of Oneok Partners from $32.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, May 9th. Finally, Jefferies Group downgraded shares of Oneok Partners from a “buy” rating to a “hold” rating and increased their price target for the company from $37.00 to $40.00 in a report on Wednesday, June 8th. Three 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. The company has a consensus rating of “Hold” and a consensus target price of $38.31.

The stock has a 50 day moving average of $40.89 and a 200 day moving average of $35.44. The stock has a market capitalization of $11.54 billion and a price-to-earnings ratio of 34.35.

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

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

Several hedge funds recently added to or reduced their stakes in OKS. US Bancorp DE boosted its stake in 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 in the last quarter. Jennison Associates LLC boosted its stake 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. Finally, BNP Paribas Arbitrage SA boosted its stake 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.

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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