Oneok Partners LP (NYSE:OKS) Receives $38.53 Average PT from Analysts
Oneok Partners LP (NYSE:OKS) has been given an average rating of “Hold” by the twenty brokerages that are presently covering the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $38.53.
Several brokerages have recently issued reports on OKS. Stifel Nicolaus upgraded 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. JPMorgan Chase & Co. upgraded Oneok Partners from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $40.00 in a report on Monday, September 5th. RBC Capital Markets restated a “sector perform” rating and issued a $40.00 target price (up from $37.00) on shares of Oneok Partners in a report on Tuesday, August 16th. Royal Bank Of Canada boosted their target price on Oneok Partners from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 16th. Finally, Robert W. Baird upgraded Oneok Partners from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $45.00 in a report on Friday, August 12th.
In related news, insider John William Gibson purchased 5,000 shares of the stock in a transaction on Monday, September 12th. The shares were purchased at an average cost of $38.09 per share, for a total transaction 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 approximately $3,999,450. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Oneok Partners by 0.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,412 shares of the company’s stock worth $217,000 after buying an additional 30 shares during the period. Carret Asset Management LLC boosted its stake in shares of Oneok Partners by 0.7% in the second quarter. Carret Asset Management LLC now owns 10,090 shares of the company’s stock worth $404,000 after buying an additional 67 shares during the period. Capital Advisors Inc. OK boosted its stake in shares of Oneok Partners by 0.3% in the second quarter. Capital Advisors Inc. OK now owns 22,899 shares of the company’s stock worth $917,000 after buying an additional 79 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Oneok Partners by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 30,941 shares of the company’s stock worth $932,000 after buying an additional 114 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted 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 worth $105,000 after buying an additional 125 shares during the period.
Oneok Partners (NYSE:OKS) opened at 39.48 on Tuesday. The company has a market capitalization of $11.28 billion, a PE ratio of 33.57 and a beta of 0.39. The company’s 50-day moving average price is $39.24 and its 200 day moving average price is $37.58. 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 results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.14. During the same quarter last year, the business posted $0.44 earnings per share. On average, equities research analysts anticipate that Oneok Partners will post $2.26 EPS 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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