Jefferies Group LLC Analysts Give ONEOK Partners, L.P. (OKS) a $50.00 Price Target
ONEOK Partners, L.P. (NYSE:OKS) received a $50.00 price objective from stock analysts at Jefferies Group LLC in a research report issued on Friday. The firm currently has a “hold” rating on the pipeline company’s stock. Jefferies Group LLC’s price objective points to a potential downside of 0.16% from the company’s previous close.
Other equities research analysts have also issued reports about the company. BidaskClub lowered ONEOK Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. BMO Capital Markets set a $53.00 price target on ONEOK Partners, L.P. and gave the company a “hold” rating in a research report on Saturday, April 1st. Guggenheim assumed coverage on ONEOK Partners, L.P. in a research report on Monday, April 17th. They issued a “neutral” rating and a $53.00 price target for the company. Zacks Investment Research upgraded ONEOK Partners, L.P. from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Tuesday, March 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $57.00 price objective on shares of ONEOK Partners, L.P. in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $47.64.
ONEOK Partners, L.P. (NYSE:OKS) traded down 0.80% during trading on Friday, reaching $49.68. The company’s stock had a trading volume of 353,487 shares. ONEOK Partners, L.P. has a one year low of $36.13 and a one year high of $57.41. The stock has a 50-day moving average of $49.65 and a 200 day moving average of $49.24. The firm has a market capitalization of $14.20 billion, a P/E ratio of 21.56 and a beta of 0.71.
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A number of institutional investors have recently bought and sold shares of the stock. Pinnacle Bank acquired a new position in ONEOK Partners, L.P. during the first quarter valued at approximately $100,000. Hillsdale Investment Management Inc. acquired a new position in ONEOK Partners, L.P. during the first quarter valued at approximately $124,000. Hirtle Callaghan & Co LLC acquired a new position in ONEOK Partners, L.P. during the first quarter valued at approximately $153,000. Feltz Wealth PLAN Inc. acquired a new position in ONEOK Partners, L.P. during the first quarter valued at approximately $156,000. Finally, TCI Wealth Advisors Inc. raised its position in ONEOK Partners, L.P. by 0.4% in the first quarter. TCI Wealth Advisors Inc. now owns 3,400 shares of the pipeline company’s stock valued at $184,000 after buying an additional 14 shares during the period. 41.23% of the stock is currently owned by hedge funds and other institutional investors.
About ONEOK Partners, L.P.
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. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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