Barclays Assumes ONEOK to Equal-weight

Brokerage firm Barclays Assumes its rating on ONEOK(NYSE:OKE). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, RBC Capital said it Initiates Coverage on ONEOK, according to a research note issued on Mar 28, 2016. The shares have been rated ‘Sector Perform’ by the firm. On Feb 25, 2016, Credit Suisse said it Maintains its rating on ONEOK. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 23, 2016, UBS said it Maintains its rating on ONEOK. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 8, 2016, Baird said it Downgrades its rating on ONEOK. The shares have been rated ‘Neutral’ by the firm. On Jan 22, 2016, Oppenheimer said it Downgrades its rating on ONEOK. The shares have been rated ‘Perform’ by the firm. On Jan 20, 2016, Morgan Stanley said it Upgrades its rating on ONEOK. The shares have been rated ‘Overweight’ by the firm.

ONEOK (OKE) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.19% at a volume of 17,51,636. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.02. The peak price level was also seen at $32.02 while the days lowest was $31.04. Finally the shares closed at $31.67. The 52-week high of the shares is $51.53 while the 52-week low is $18.84. According to the latest information available, the market cap of the company is $6,650 M.

ONEOK(OKE) last announced its earnings results on Feb 22, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.93B. Analysts had an estimated revenue of $2.42B. Earnings per share were $0.45. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, Brian L Derksen (director) purchased 1,800 shares at $30.33 per share price.Also, On Mar 8, 2016, Sheppard F Iii Miers (VP & Chief Accounting Officer) sold 3,900 shares at $27.49 per share price.On Dec 28, 2015, Walter S Iii Hulse (EVP STRATEGIC PLNG & CORP DEV) purchased 15,000 shares at $23.90 per share price, according to the Form-4 filing with the securities and exchange commission.

ONEOK Inc. is the sole general partner of ONEOK Partners L.P. (ONEOK Partners) a master limited partnership engaged in the gathering processing storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute natural gas liquids (NGLs) and store NGL products primarily in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

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