ONEOK Inc. Hits New 52-Week High at $68.55 (OKE)
Shares of ONEOK (NYSE:OKE) hit a new 52-week high during trading on Friday, StockRatingsNetwork reports. The stock traded as high as $68.55 and last traded at $68.49, with a volume of 7,193,446 shares trading hands. The stock had previously closed at $67.13.
Several analysts have recently commented on the stock. Analysts at Oppenheimer initiated coverage on shares of ONEOK in a research note to investors on Thursday, January 16th. They set an “outperform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of ONEOK from $66.00 to $72.00 in a research note to investors on Tuesday, January 14th. Finally, 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. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.67.
ONEOK has a one year low of $39.39 and a one year high of $68.52. The stock has a 50-day moving average of $63.03 and a 200-day moving average of $55.91. The company has a market cap of $14.129 billion and a P/E ratio of 48.96.
ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 18th. Investors of record on Monday, February 10th will be given a dividend of 0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from ONEOK’s previous quarterly dividend of $0.38.
ONEOK, Inc, is a diversified energy company. The Company’s segments include ONEOK Partners, Natural Gas Distribution and Energy Services.
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