Oneok Partners Reaches New 1-Year High at $57.84 (OKS)
Shares of Oneok Partners (NYSE:OKS) hit a new 52-week high on Thursday , AR Network reports. The company traded as high as $57.84 and last traded at $57.55, with a volume of 179,947 shares changing hands. The stock had previously closed at $57.26.
A number of analysts have recently weighed in on OKS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Oneok Partners in a research note on Wednesday, May 21st. They now have a $58.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Oneok Partners in a research note on Thursday, May 8th. They now have a $59.00 price target on the stock, up previously from $55.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Oneok Partners from $62.00 to $66.00 in a research note on Thursday, May 8th. They now have a “market perform” rating on the stock. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $59.60.
The stock has a 50-day moving average of $55.45 and a 200-day moving average of $53.99. The company has a market cap of $13.420 billion and a P/E ratio of 20.88.
Oneok Partners (NYSE:OKS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.15. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Analysts expect that Oneok Partners will post $2.95 EPS for the current fiscal year.
ONEOK Partners, L.P. (NYSE:OKS) is engaged in gathering, processing, storage and transportation of natural gas in the United States.
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