Oneok Partners LP (NYSE:OKS) – Stock analysts at US Capital Advisors lifted their Q2 2017 EPS estimates for Oneok Partners in a report released on Friday. US Capital Advisors analyst B. Followill now expects that the brokerage will post earnings per share of $0.59 for the quarter, up from their previous forecast of $0.58. US Capital Advisors also issued estimates for Oneok Partners’ FY2018 earnings at $2.67 EPS.

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

OKS has been the topic of several other research reports. Stifel Nicolaus raised Oneok Partners from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, September 13th. They noted that the move was a valuation call. Morgan Stanley lowered Oneok Partners from an “overweight” rating to an “equal weight” rating and set a $45.00 target price on the stock. in a research note on Tuesday, October 4th. RBC Capital Markets reissued a “sector perform” rating and set a $40.00 target price (up previously from $37.00) on shares of Oneok Partners in a research note on Tuesday, August 16th. Deutsche Bank AG raised Oneok Partners from a “sell” rating to a “hold” rating and increased their target price for the stock from $40.00 to $42.00 in a research note on Monday, October 10th. Finally, Piper Jaffray Cos. lowered Oneok Partners from an “overweight” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Thursday, October 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. Oneok Partners has a consensus rating of “Hold” and an average target price of $40.18.

Shares of Oneok Partners (NYSE:OKS) opened at 41.17 on Monday. Oneok Partners has a 12-month low of $21.86 and a 12-month high of $42.49. The firm has a market cap of $11.77 billion, a P/E ratio of 31.10 and a beta of 0.39. The company’s 50 day moving average price is $40.08 and its 200-day moving average price is $39.37.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were issued a $0.79 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 7.68%.

In other Oneok Partners news, insider John William Gibson acquired 5,000 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average price of $38.09 per share, for a total transaction of $190,450.00. Following the acquisition, the insider now owns 105,000 shares in the company, valued at approximately $3,999,450. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in 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 last quarter. Penserra Capital Management LLC increased its position in Oneok Partners by 113.1% in the third quarter. Penserra Capital Management LLC now owns 2,725 shares of the company’s stock worth $108,000 after buying an additional 1,446 shares during the last quarter. Kings Point Capital Management increased 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 worth $173,000 after buying an additional 3,130 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Oneok Partners by 6.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,519 shares of the company’s stock worth $181,000 after buying an additional 290 shares during the last quarter. Finally, Advisory Services Network LLC increased 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 worth $198,000 after buying an additional 2,550 shares during the last quarter.

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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