ONEOK Inc. Reaches New 12-Month High at $63.18 (OKE)
ONEOK (NYSE:OKE)’s share price reached a new 52-week high during trading hours on Wednesday, Stock Ratings Network.com reports. The company traded as high as $63.18 and last traded at $63.09, with a volume of 811,617 shares traded. The stock had previously closed at $62.48.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of ONEOK from $62.00 to $67.00 in a research note to investors on Thursday, December 5th. They now have an “equal weight” rating on the stock. Separately, analysts at Argus downgraded shares of ONEOK from a “buy” rating to a “hold” rating in a research note to investors on Thursday, December 5th. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of ONEOK to $63.00 in a research note to investors on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $62.00.
ONEOK has a 52-week low of $39.39 and a 52-week high of $63.18. The stock’s 50-day moving average is $59.61 and its 200-day moving average is $53.28. The company has a market cap of $13.008 billion and a price-to-earnings ratio of 45.57.
ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.06. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts expect that ONEOK will post $1.78 EPS 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.
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