Oneok Partners LP Stock Rating Upgraded by Citigroup Inc. (OKS)
Oneok Partners LP (NYSE:OKS) was upgraded by Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of Oneok Partners LP (NYSE:OKS) traded up 1.16% during mid-day trading on Tuesday, hitting $55.15. The stock had a trading volume of 329,908 shares. Oneok Partners LP has a 52-week low of $45.40 and a 52-week high of $61.34. The stock has a 50-day moving average of $52.10 and a 200-day moving average of $51.94. The company has a market cap of $12.774 billion and a price-to-earnings ratio of 23.32.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Wednesday, January 29th. This is an increase from Oneok Partners LP’s previous quarterly dividend of $0.73.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Oneok Partners LP from $57.00 to $54.00 in a research note on Wednesday, December 4th. Separately, analysts at Barclays raised their price target on shares of Oneok Partners LP from $56.00 to $57.00 in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.80.
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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