Published On: Wed, Sep 7th, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/07/oneok-inc-oke-sets-new-12-month-high-at-50-14.html

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.

Receive News & Ratings for Oneok Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Oneok Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>