Oneok Partners LP (OKS) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 40

Oneok Partners LP (OKS) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $37 . RBC Capital Mkts advised their investors in a research report released on Aug 16, 2016.

Many Wall Street Analysts have commented on Oneok Partners LP. Company shares were Upgraded by Robert W. Baird on Aug 12, 2016 to ” Neutral”, Firm has raised the Price Target to $ 45 from a previous price target of $24 .Company shares were Upgraded by UBS on Jul 7, 2016 to ” Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $38 .Oneok Partners LP was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.

On the company’s financial health, Oneok Partners LP reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.54.Analysts expectations of $ 2135.48.During the same quarter in the previous year, the company posted $0.44 EPS.

Oneok Partners LP opened for trading at $41.64 and hit $42.02 on the upside on Monday, eventually ending the session at $41.71, with a gain of 1.31% or 0.54 points. The heightened volatility saw the trading volume jump to 5,23,351 shares. Company has a market cap of $11,922 M.

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 Company’s 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 Company’s 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 Company’s Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

Oneok Partners LP

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