Oneok Partners LP (NYSE:OKS) – Equities researchers at Jefferies Group issued their Q3 2016 earnings estimates for Oneok Partners in a report released on Thursday. Jefferies Group analyst C. Sighinolfi expects that the brokerage will post earnings per share of $0.58 for the quarter. Jefferies Group has a “Hold” rating and a $42.00 price objective on the stock.

Oneok Partners (NYSE:OKS) last posted its quarterly earnings data 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 firm earned $0.44 EPS.

Earnings History and Estimates for Oneok Partners (NYSE:OKS)

OKS has been the subject of several other research reports. Stifel Nicolaus upgraded shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, September 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Friday, July 22nd. Morgan Stanley downgraded shares of Oneok Partners from an “overweight” rating to an “equal weight” rating and set a $45.00 price target for the company. in a research report on Tuesday, October 4th. RBC Capital Markets reiterated a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Oneok Partners in a research report on Tuesday, August 16th. Finally, Deutsche Bank AG upgraded shares of Oneok Partners from a “sell” rating to a “hold” rating and upped their price target for the company from $40.00 to $42.00 in a research report on Monday, October 10th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $40.18.

Oneok Partners (NYSE:OKS) opened at 41.87 on Monday. Oneok Partners has a 12-month low of $21.86 and a 12-month high of $42.34. The stock has a market capitalization of $11.97 billion, a P/E ratio of 35.60 and a beta of 0.39. The firm’s 50-day moving average is $39.14 and its 200 day moving average is $38.49.

A number of hedge funds have recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised 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 in the last quarter. Kings Point Capital Management raised its position in Oneok Partners by 260.8% in the second quarter. Kings Point Capital Management now owns 4,330 shares of the company’s stock valued at $173,000 after buying an additional 3,130 shares in the last quarter. 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 in the last quarter. Comerica Bank acquired a new position in Oneok Partners during the second quarter valued at about $202,000. Finally, Saratoga Research & Investment Management acquired a new position in Oneok Partners during the second quarter valued at about $214,000.

In related news, insider John William Gibson acquired 5,000 shares of the firm’s stock in a transaction on 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 owns 105,000 shares of the company’s stock, valued at approximately $3,999,450. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

About Oneok Partners

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

Receive News & Stock Ratings for Oneok Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oneok Partners LP and related stocks with our FREE daily email newsletter.