Jefferies Group Upgrades Oneok Partners LP to Buy (OKS)
Oneok Partners LP (NYSE:OKS) was upgraded by investment analysts at Jefferies Group from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, American Banking & Market News reports. The firm currently has a $62.00 price target on the stock, up from their previous price target of $56.00. Jefferies Group’s price objective indicates a potential upside of 19.05% from the stock’s previous close.
OKS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Oneok Partners LP in a research note to investors on Thursday. They now have a $54.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Oneok Partners LP from $55.00 to $56.00 in a research note to investors on Wednesday, September 25th. They now have a “neutral” rating on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Oneok Partners LP in a research note to investors on Tuesday, September 3rd. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $56.33.
Shares of Oneok Partners LP (NYSE:OKS) traded up 1.19% during mid-day trading on Thursday, hitting $52.08. The stock had a trading volume of 169,082 shares. Oneok Partners LP has a one year low of $45.40 and a one year high of $61.34. The stock has a 50-day moving average of $51.59 and a 200-day moving average of $51.82. The company has a market cap of $11.464 billion and a P/E ratio of 20.74.
Oneok Partners LP (NYSE:OKS) last released its earnings data on Tuesday, July 30th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.06. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, analysts predict that Oneok Partners LP will post $2.34 earnings per share 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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