Barclays Assumes Oneok Partners LP to Equal-weight

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

In a different note, On Apr 1, 2016, Piper Jaffray said it Assumes its rating on Oneok Partners LP. The shares have been rated ‘Neutral’ by the firm. On Mar 17, 2016, Credit Suisse said it Downgrades its rating on Oneok Partners LP. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Underperform’ by the firm. On Feb 25, 2016, Credit Suisse said it Maintains its rating on Oneok Partners LP. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 8, 2016, Baird said it Downgrades its rating on Oneok Partners LP. The shares have been rated ‘Underperform’ by the firm. On Jan 25, 2016, Baird said it Downgrades its rating on Oneok Partners LP. The shares have been rated ‘Neutral’ by the firm. On Jan 22, 2016, Oppenheimer said it Downgrades its rating on Oneok Partners LP. The shares have been rated ‘Perform’ by the firm.

Oneok Partners LP (OKS) shares turned negative on Fridays trading session with the shares closing down -0.29 points or -0.90% at a volume of 7,63,831. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.86. The peak price level was also seen at $32.86 while the days lowest was $31.45. Finally the shares closed at $31.94. The 52-week high of the shares is $43.62 while the 52-week low is $21.86. According to the latest information available, the market cap of the company is $9,129 M.

Oneok Partners LP(OKS) 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 $2.64B. Earnings per share were $0.58. Analysts had estimated an EPS of $0.54.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Sheppard F Iii Miers (VP & Chief Accounting Officer) purchased 6,400 shares at $31.49 per share price.Also, 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.

Leave a Reply

Oneok Partners LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Oneok Partners LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.