Oneok Partners LP (OKS) was Upgraded by UBS to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 46 from a previous price target of $38 . Earlier the firm had a rating of “Neutral ” on the company shares. UBS advised their investors in a research report released on Jul 7, 2016.
Many Wall Street Analysts have commented on Oneok Partners LP. Oneok Partners LP was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Oneok Partners LP was Upgraded by Credit Suisse to ” Neutral” on May 5, 2016.
On the company’s financial health, Oneok Partners LP reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.49.Analysts expectations of $ 2084.38.During the same quarter in the previous year, the company posted $0.21 EPS.
Oneok Partners LP closed down -0.3 points or -0.74% at $40.04 with 3,97,850 shares getting traded on Tuesday. Post opening the session at $39.81, the shares hit an intraday low of $39.2601 and an intraday high of $40.09 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Mar 8, 2016, Sheppard F Iii Miers (VP & Chief Accounting Officer) purchased 6,400 shares at $31.49 per share price. According to the SEC, on Dec 28, 2015, Terry K Spencer (CEO) purchased 6,700 shares at $29.73 per share price. On Dec 9, 2015, Michael G Hutchinson (director) purchased 1,000 shares at $25.99 per share price, according to the Form-4 filing with the securities and exchange commission.
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 and Rocky Mountain regions. The Company operates in three segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Companys Natural Gas Gathering and Processing segment provides nondiscretionary services to producers which include gathering and processing of natural gas produced from crude oil and natural gas wells. The Companys Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute NGLs and store NGL products in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Companys Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.