Oneok Partners LP (OKS) Stock Rating Reaffirmed by Jefferies Group
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 currently have a $42.00 price target on the stock. Jefferies Group’s target price would indicate a potential upside of 1.50% from the company’s current price.
A number of other equities research analysts have also weighed in on OKS. Simmons reissued an “overweight” rating and issued a $45.00 target price (up previously from $42.00) on shares of Oneok Partners in a research note on Saturday, June 25th. Zacks Investment Research raised Oneok Partners from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, July 11th. Robert W. Baird raised Oneok Partners from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $24.00 to $45.00 in a research note on Friday, August 12th. Royal Bank Of Canada boosted their target price on Oneok Partners from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 16th. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $40.00 target price (up previously from $37.00) on shares of Oneok Partners in a research note on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Oneok Partners has a consensus rating of “Hold” and an average price target of $40.18.
Shares of Oneok Partners (NYSE:OKS) opened at 41.38 on Friday. Oneok Partners has a 52 week low of $21.86 and a 52 week high of $42.34. The firm has a market cap of $11.83 billion, a PE ratio of 35.19 and a beta of 0.39. The firm has a 50-day moving average price of $39.03 and a 200-day moving average price of $38.23.
Oneok Partners (NYSE:OKS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.14. During the same period in the previous year, the company earned $0.44 earnings per share. On average, equities research analysts predict that Oneok Partners will post $2.26 earnings per share for the current year.
In related news, insider John William Gibson purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average price of $38.09 per share, for a total transaction of $190,450.00. Following the purchase, the insider now directly owns 105,000 shares of the company’s stock, valued at approximately $3,999,450. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several hedge funds have recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in 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 increased its stake in Oneok Partners by 260.8% in the second quarter. Kings Point Capital Management now owns 4,330 shares of the company’s stock valued at $173,000 after buying an additional 3,130 shares during the last quarter. Advisory Services Network LLC increased its stake in Oneok Partners by 106.3% in the third quarter. Advisory Services Network LLC now owns 4,950 shares of the company’s stock valued at $198,000 after buying an additional 2,550 shares during the last quarter. Comerica Bank bought a new stake in Oneok Partners during the second quarter valued at $202,000. Finally, Saratoga Research & Investment Management acquired a new stake in shares of Oneok Partners during the second quarter valued at approximately $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.
Receive News & Ratings for Oneok Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oneok Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.