Oneok Partners LP (OKS) is Upgraded by Credit Suisse to Neutral

Oneok Partners LP (OKS) was Upgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. Credit Suisse advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Oneok Partners LP. Shares were Downgraded by Robert W. Baird on Feb 8, 2016 to ” Underperform” and Lowered the Price Target to $ 24 from a previous price target of $25 .

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 opened for trading at $35.76 and hit $37.54 on the upside on Wednesday, eventually ending the session at $37.35, with a gain of 8.64% or 2.97 points. The heightened volatility saw the trading volume jump to 14,85,608 shares. Company has a market cap of $10,676 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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