Shares of ONEOK Partners, L.P. (NYSE:OKS) have received a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $46.77.

OKS has been the topic of several recent analyst reports. BMO Capital Markets set a $53.00 target price on shares of ONEOK Partners, L.P. and gave the stock a “hold” rating in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of ONEOK Partners, L.P. from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, March 14th. Guggenheim began coverage on shares of ONEOK Partners, L.P. in a research report on Monday, April 17th. They set a “neutral” rating and a $53.00 price target for the company. Royal Bank Of Canada restated a “hold” rating and set a $57.00 price target on shares of ONEOK Partners, L.P. in a research report on Friday, May 12th. Finally, US Capital Advisors downgraded shares of ONEOK Partners, L.P. from an “overweight” rating to a “hold” rating in a research report on Wednesday, March 15th.

ONEOK Partners, L.P. (NYSE OKS) traded up 2.96% during midday trading on Friday, reaching $48.33. The company’s stock had a trading volume of 854,208 shares. The stock’s 50 day moving average price is $49.43 and its 200-day moving average price is $49.45. ONEOK Partners, L.P. has a one year low of $36.13 and a one year high of $57.41. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 20.98 and a beta of 0.71.

Several hedge funds have recently bought and sold shares of OKS. HITE Hedge Asset Management LLC boosted its stake in ONEOK Partners, L.P. by 1,707.0% in the fourth quarter. HITE Hedge Asset Management LLC now owns 163,894 shares of the pipeline company’s stock valued at $7,049,000 after buying an additional 154,824 shares during the period. Vivaldi Asset Management LLC purchased a new stake in ONEOK Partners, L.P. during the first quarter valued at $26,640,000. Penserra Capital Management LLC boosted its stake in ONEOK Partners, L.P. by 34.9% in the first quarter. Penserra Capital Management LLC now owns 4,161 shares of the pipeline company’s stock valued at $224,000 after buying an additional 1,077 shares during the period. Quadrature Capital Ltd purchased a new stake in ONEOK Partners, L.P. during the fourth quarter valued at $1,127,000. Finally, Advisory Services Network LLC purchased a new stake in ONEOK Partners, L.P. during the first quarter valued at $387,000. 41.23% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “ONEOK Partners, L.P. (OKS) Receives Average Recommendation of “Hold” from Analysts” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/06/23/oneok-partners-l-p-oks-receives-average-recommendation-of-hold-from-analysts.html.

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.

Receive News & Ratings for ONEOK Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.