Oneok Inc. (NYSE:OKE) was up 3% during trading on Friday . The stock traded as high as $48.87 and last traded at $48.63, with a volume of 1,152,012 shares. The stock had previously closed at $47.21.

Several equities research analysts have commented on OKE shares. Barclays PLC raised Oneok from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $49.00 in a report on Monday, May 9th. Royal Bank Of Canada boosted their target price on Oneok from $39.00 to $46.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 16th. Citigroup Inc. reissued a “buy” rating on shares of Oneok in a report on Wednesday, May 18th. Zacks Investment Research raised Oneok from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, July 26th. Finally, Jefferies Group reissued a “hold” rating on shares of Oneok in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.71.

The company has a 50 day moving average price of $46.49 and a 200 day moving average price of $38.83. The company has a market capitalization of $10.14 billion and a price-to-earnings ratio of 38.09.

Oneok (NYSE:OKE) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.03. During the same period in the prior year, the firm earned $0.36 EPS. On average, equities analysts expect that Oneok Inc. will post $1.79 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, August 14th. Shareholders of record on Monday, August 15th were given a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Thursday, August 4th.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.