Oneok Partners Price Target Raised to $59.00 (OKS)
Stock analysts at RBC Capital increased their price objective on shares of Oneok Partners (NYSE:OKS) from $58.00 to $59.00 in a report issued on Wednesday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 3.91% from the company’s current price.
Shares of Oneok Partners (NYSE:OKS) opened at 56.78 on Wednesday. Oneok Partners has a 1-year low of $48.50 and a 1-year high of $59.11. The stock has a 50-day moving average of $57.09 and a 200-day moving average of $55.51. The company has a market cap of $14.132 billion and a P/E ratio of 21.40.
Oneok Partners (NYSE:OKS) last announced its earnings results on Tuesday, August 5th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.37. During the same quarter in the prior year, the company posted $0.62 earnings per share. Analysts expect that Oneok Partners will post $2.73 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Oneok Partners in a research note on Thursday, August 7th. They now have a $58.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Oneok Partners from $59.00 to $60.00 in a research note on Thursday, August 7th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Oneok Partners in a research note on Friday, July 25th. They now have a $65.00 price target on the stock, up previously from $60.00. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Oneok Partners presently has an average rating of “Hold” and an average price target of $59.82.
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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