Deutsche Bank AG upgraded shares of Oneok Partners LP (NYSE:OKS) from a sell rating to a hold rating in a research note released on Monday. Deutsche Bank AG currently has $42.00 price objective on the stock, up from their previous price objective of $40.00.
Several other research analysts have also recently weighed in on OKS. Morgan Stanley cut shares of Oneok Partners from an overweight rating to an equal weight rating and set a $45.00 price target for the company. in a report on Tuesday, October 4th. Stifel Nicolaus upgraded shares of Oneok Partners from a hold rating to a buy rating and set a $40.00 price target for the company in a report on Tuesday, September 13th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded shares of Oneok Partners from an underweight rating to a neutral rating and upped their price target for the company from $34.00 to $40.00 in a report on Monday, September 5th. RBC Capital Markets reiterated a sector perform rating and issued a $40.00 price target (up previously from $37.00) on shares of Oneok Partners in a report on Tuesday, August 16th. Finally, Royal Bank Of Canada upped their price target on shares of Oneok Partners from $37.00 to $40.00 and gave the company a sector perform rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $40.12.
Oneok Partners (NYSE:OKS) opened at 41.42 on Monday. The company has a market cap of $11.84 billion, a P/E ratio of 35.22 and a beta of 0.39. The stock’s 50 day moving average is $38.99 and its 200-day moving average is $38.14. Oneok Partners has a 12-month low of $21.86 and a 12-month high of $42.34.
Oneok Partners (NYSE:OKS) last issued its earnings results on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.14. During the same quarter in the previous year, the company earned $0.44 EPS. Analysts predict that Oneok Partners will post $2.26 earnings per share for the current fiscal year.
In other Oneok Partners news, insider John William Gibson purchased 5,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average cost of $38.09 per share, with a total value of $190,450.00. Following the completion of the transaction, the insider now owns 105,000 shares in the company, valued at $3,999,450. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Institutional investors have recently added to or reduced their stakes in the company. Albert D Mason Inc. raised its position in Oneok Partners by 1.6% in the second quarter. Albert D Mason Inc. now owns 49,759 shares of the company’s stock worth $1,993,000 after buying an additional 790 shares in the last quarter. First Manhattan Co. raised its position in Oneok Partners by 35.6% in the second quarter. First Manhattan Co. now owns 9,150 shares of the company’s stock worth $366,000 after buying an additional 2,400 shares in the last quarter. Gofen & Glossberg LLC IL raised its position in Oneok Partners by 9.3% in the second quarter. Gofen & Glossberg LLC IL now owns 18,825 shares of the company’s stock worth $754,000 after buying an additional 1,600 shares in the last quarter. Creative Planning raised its position in Oneok Partners by 1.0% in the second quarter. Creative Planning now owns 923,276 shares of the company’s stock worth $36,986,000 after buying an additional 9,075 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Oneok Partners by 0.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,412 shares of the company’s stock worth $217,000 after buying an additional 30 shares in the last quarter.
Oneok Partners Company Profile
ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. The Company’s segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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