Oneok Partners LP (OKS) Short Interest Down 67.4% in September
Oneok Partners LP (NYSE:OKS) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,306,525 shares, a decline of 67.4% from the September 15th total of 4,008,535 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 643,756 shares, the short-interest ratio is presently 2.0 days.
In related news, insider John William Gibson acquired 5,000 shares of the stock in a transaction dated Monday, September 12th. The stock was bought at an average cost of $38.09 per share, with a total value of $190,450.00. Following the purchase, the insider now directly owns 105,000 shares of the company’s stock, valued at $3,999,450. The transaction was disclosed in a filing with the SEC, which is available through this link.
Hedge funds have recently made changes to their positions in the company. Starfire Investment Advisers Inc. bought a new stake in shares of Oneok Partners during the third quarter valued at approximately $244,000. Spirit of America Management Corp NY bought a new stake in shares of Oneok Partners during the third quarter valued at approximately $3,252,000. Duff & Phelps Investment Management Co. increased its stake in shares of Oneok Partners by 86.4% in the third quarter. Duff & Phelps Investment Management Co. now owns 469,291 shares of the company’s stock valued at $18,748,000 after buying an additional 217,500 shares during the period. Prospera Financial Services Inc increased its stake in shares of Oneok Partners by 2.0% in the third quarter. Prospera Financial Services Inc now owns 6,297 shares of the company’s stock valued at $252,000 after buying an additional 125 shares during the period. Finally, Creative Planning increased its stake in shares of Oneok Partners by 5.8% in the third quarter. Creative Planning now owns 976,645 shares of the company’s stock valued at $39,017,000 after buying an additional 53,369 shares during the period.
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OKS has been the subject of several research reports. Robert W. Baird raised shares of Oneok Partners from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $24.00 to $45.00 in a research note on Friday, August 12th. Jefferies Group lifted their target price on shares of Oneok Partners from $40.00 to $41.00 and gave the company a “hold” rating in a report on Monday, July 25th. Royal Bank Of Canada lifted their target price on shares of Oneok Partners from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. upgraded shares of Oneok Partners from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $40.00 in a report on Monday, September 5th. Finally, Zacks Investment Research upgraded shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. Oneok Partners presently has a consensus rating of “Hold” and a consensus price target of $40.18.
Oneok Partners (NYSE:OKS) opened at 41.87 on Wednesday. The firm has a 50-day moving average of $39.14 and a 200-day moving average of $38.49. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 35.60 and a beta of 0.39. Oneok Partners has a 52 week low of $21.86 and a 52 week high of $42.34.
Oneok Partners (NYSE:OKS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.54 by $0.14. During the same period in the prior year, the business earned $0.44 EPS. Equities analysts forecast that Oneok Partners will post $2.26 earnings per share for the current year.
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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