Oneok Partners LP (OKS) Lifted to “Hold” at Deutsche Bank AG
Oneok Partners LP (NYSE:OKS) was upgraded by research analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating in a research note issued on Monday. The firm presently has a $42.00 target price on the stock, up from their prior target price of $40.00. Deutsche Bank AG’s price target points to a potential upside of 4.82% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus upgraded shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, September 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Friday, July 22nd. Morgan Stanley cut shares of Oneok Partners from an “overweight” rating to an “equal weight” rating and set a $45.00 price target for the company. in a report on Tuesday, October 4th. RBC Capital Markets restated a “sector perform” rating and set a $40.00 price objective (up previously from $37.00) on shares of Oneok Partners in a research report on Tuesday, August 16th. Finally, Citigroup Inc. boosted their price objective on shares of Oneok Partners from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.88.
Oneok Partners (NYSE:OKS) traded up 2.61% on Monday, hitting $40.07. 579,791 shares of the company’s stock were exchanged. Oneok Partners has a 12-month low of $21.86 and a 12-month high of $42.34. The company has a market cap of $11.45 billion, a PE ratio of 34.07 and a beta of 0.39. The company’s 50-day moving average price is $38.92 and its 200-day moving average price is $37.89.
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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 analysts’ consensus estimates of $0.54 by $0.14. During the same quarter in the previous year, the business posted $0.44 EPS. Analysts forecast that Oneok Partners will post $2.26 earnings per share for the current year.
In other Oneok Partners news, insider John William Gibson acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were purchased at an average cost of $38.09 per share, with a total value of $190,450.00. Following the purchase, the insider now owns 105,000 shares in the company, valued at $3,999,450. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of large investors have recently modified their holdings of OKS. Advisory Services Network LLC boosted its stake in shares of 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 during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Oneok Partners by 990.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,964 shares of the company’s stock worth $399,000 after buying an additional 9,050 shares during the last quarter. Investment Centers of America Inc. acquired a new stake in shares of Oneok Partners during the second quarter worth approximately $255,000. Harvest Fund Advisors LLC boosted its stake in shares of Oneok Partners by 11.9% in the second quarter. Harvest Fund Advisors LLC now owns 3,447,908 shares of the company’s stock worth $138,123,000 after buying an additional 367,010 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Oneok Partners during the second quarter worth approximately $2,494,000.
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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