Oneok Partners LP (NYSE:OKS) was downgraded by analysts at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating in a report issued on Thursday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Friday, July 22nd. Jefferies Group increased their price objective 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. Citigroup Inc. increased their price objective 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. Robert W. Baird raised shares of Oneok Partners from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $24.00 to $45.00 in a research report on Friday, August 12th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $40.00 price objective (up from $37.00) on shares of Oneok Partners in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $39.88.

Analyst Recommendations for Oneok Partners (NYSE:OKS)

Oneok Partners (NYSE:OKS) opened at 41.04 on Thursday. Oneok Partners has a 12 month low of $21.86 and a 12 month high of $42.34. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 34.90 and a beta of 0.39. The company’s 50 day moving average is $38.95 and its 200-day moving average is $38.12.

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 Thomson Reuters’ consensus estimate of $0.54 by $0.14. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, analysts expect that Oneok Partners will post $2.26 earnings per share for the current fiscal year.

In other news, insider John William Gibson bought 5,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of $38.09 per share, with a total value of $190,450.00. Following the acquisition, the insider now directly owns 105,000 shares in the company, valued at $3,999,450. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Several institutional investors have recently bought and sold shares of the stock. Prospera Financial Services Inc raised its position in 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. Creative Planning raised its position in 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. Ronna Sue Cohen raised its position in Oneok Partners by 1.1% in the third quarter. Ronna Sue Cohen now owns 69,209 shares of the company’s stock valued at $2,765,000 after buying an additional 741 shares during the period. Advisory Services Network LLC raised its position in 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 during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Oneok Partners by 990.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,964 shares of the company’s stock valued at $399,000 after buying an additional 9,050 shares during the period.

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.

5 Day Chart for NYSE:OKS

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