Oneok Partners LP (NYSE:OKS)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report released on Sunday. They presently have a $42.00 price target on the stock. Jefferies Group’s target price would indicate a potential upside of 1.50% from the stock’s current price.
Several other brokerages also recently weighed in on OKS. Zacks Investment Research upgraded Oneok Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Friday, July 22nd. RBC Capital Markets restated a “sector perform” rating and set a $40.00 price objective (up from $37.00) on shares of Oneok Partners in a research report on Tuesday, August 16th. Royal Bank Of Canada upped their price objective on Oneok Partners from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 16th. Piper Jaffray Cos. downgraded Oneok Partners from an “overweight” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Thursday. Finally, Robert W. Baird upgraded Oneok Partners from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $45.00 in a research report on Friday, August 12th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.18.
Shares of Oneok Partners (NYSE:OKS) opened at 41.38 on Friday. The stock has a 50 day moving average price of $39.03 and a 200 day moving average price of $38.23. The company has a market capitalization of $11.83 billion, a PE ratio of 35.19 and a beta of 0.39. Oneok Partners has a 52-week low of $21.86 and a 52-week high of $42.34.
Oneok Partners (NYSE:OKS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.14. During the same period last year, the company posted $0.44 earnings per share. On average, analysts predict that Oneok Partners will post $2.26 earnings per share for the current fiscal year.
In other news, insider John William Gibson purchased 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were acquired at an average price of $38.09 per share, for a total transaction of $190,450.00. Following the completion of the acquisition, the insider now owns 105,000 shares in the company, valued at $3,999,450. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Oneok Partners by 5.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,613 shares of the company’s stock valued at $105,000 after buying an additional 125 shares during the last quarter. Kings Point Capital Management raised its position in Oneok Partners by 260.8% in the second quarter. Kings Point Capital Management now owns 4,330 shares of the company’s stock worth $173,000 after buying an additional 3,130 shares in the last quarter. Advisory Services Network LLC raised its position in Oneok Partners by 106.3% in the third quarter. Advisory Services Network LLC now owns 4,950 shares of the company’s stock worth $198,000 after buying an additional 2,550 shares in the last quarter. Comerica Bank bought a new position in Oneok Partners during the second quarter worth $202,000. Finally, Saratoga Research & Investment Management bought a new position in Oneok Partners during the second quarter worth $214,000.
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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