Oneok Inc. (OKE) Sets New 12-Month High at $50.14
Oneok Inc. (NYSE:OKE) hit a new 52-week high during trading on Wednesday . The company traded as high as $50.14 and last traded at $49.78, with a volume of 991,496 shares. The stock had previously closed at $49.26.
OKE has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on Oneok from $39.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 16th. RBC Capital Markets restated a “sector perform” rating and set a $46.00 price objective (up from $39.00) on shares of Oneok in a research report on Tuesday, August 16th. Citigroup restated a “buy” rating on shares of Oneok in a research report on Wednesday, May 18th. Zacks Investment Research upgraded Oneok from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, July 26th. Finally, Jefferies Group raised their price objective on Oneok from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Oneok presently has an average rating of “Hold” and a consensus target price of $37.71.
The company has a 50-day moving average of $46.48 and a 200 day moving average of $39.42. The firm has a market cap of $10.46 billion and a P/E ratio of 39.31.
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Oneok (NYSE:OKE) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.03. During the same period in the prior year, the company posted $0.36 earnings per share. On average, analysts anticipate that Oneok Inc. will post $1.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, August 14th. Stockholders 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 dividend yield of 4.99%.
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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