Oneok Partners LP (OKS) Upgraded by Deutsche Bank AG to “Hold”
Oneok Partners LP (NYSE:OKS) was upgraded by equities researchers at Deutsche Bank AG from a “sell” rating to a “hold” rating in a research note issued on Monday, The Fly reports.
Several other analysts have also issued reports on OKS. RBC Capital Markets restated a “sector perform” rating and set a $40.00 price target (up from $37.00) on shares of Oneok Partners in a research report on Tuesday, August 16th. 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 research report on Friday, July 22nd. Citigroup Inc. upped their price target on shares of Oneok Partners from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, June 17th. Jefferies Group upped their price target on shares of Oneok Partners from $40.00 to $41.00 and gave the company a “hold” rating in a research report on Monday, July 25th. Finally, Royal Bank Of Canada upped their price target on shares of Oneok Partners from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $38.94.
Oneok Partners (NYSE:OKS) opened at 39.05 on Monday. The firm’s 50-day moving average price is $38.92 and its 200-day moving average price is $37.89. The firm has a market cap of $11.16 billion, a P/E ratio of 33.21 and a beta of 0.39. Oneok Partners has a 1-year low of $21.86 and a 1-year high of $42.34.
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Oneok Partners (NYSE:OKS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.14. During the same quarter last year, the firm posted $0.44 EPS. Equities research analysts anticipate that Oneok Partners will post $2.26 earnings per share for the current fiscal year.
In other news, insider John William Gibson purchased 5,000 shares of Oneok Partners stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average price of $38.09 per share, with a total value of $190,450.00. Following the completion of the transaction, the insider now directly owns 105,000 shares of the company’s stock, valued at $3,999,450. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Several large investors have recently made changes to their positions in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of 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 period. Kings Point Capital Management boosted its stake in shares of 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 in the last quarter. 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 valued at $198,000 after buying an additional 2,550 shares in the last quarter. Comerica Bank bought a new stake in shares of Oneok Partners during the second quarter valued at about $202,000. Finally, Saratoga Research & Investment Management bought a new stake in shares of Oneok Partners during the second quarter valued at about $214,000.
About Oneok Partners
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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