ONEOK Inc. Reaches New 12-Month High at $56.02 (OKE)
ONEOK (NYSE:OKE)’s share price reached a new 52-week high during trading hours on Tuesday, American Banking and Market News reports. The company traded as high as $56.02 and last traded at $55.74, with a volume of 871,629 shares traded. The stock had previously closed at $54.92.
Several analysts have recently commented on the stock. Analysts at Jefferies Group upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 10th. They now have a $62.00 price target on the stock, up previously from $56.00. Separately, analysts at Zacks reiterated a “hold” rating on shares of ONEOK in a research note to investors on Wednesday, September 25th. They now have a $56.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of ONEOK from $57.00 to $62.00 in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. ONEOK currently has a consensus rating of “Hold” and an average target price of $57.00.
ONEOK has a 52-week low of $39.39 and a 52-week high of $55.49. The stock has a 50-day moving average of $51.73 and a 200-day moving average of $47.42. The company has a market cap of $11.500 billion and a price-to-earnings ratio of 39.77.
ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.06. During the same quarter last year, the company posted $0.29 earnings per share. On average, analysts predict that ONEOK will post $1.81 earnings per share for the current fiscal year.
ONEOK, Inc, is a diversified energy company. The Company’s segments include ONEOK Partners, Natural Gas Distribution and Energy Services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.