Analyst Rating Update on ONEOK Partners L.P. (OKS)

ONEOK Partners L.P. (NYSE:OKS) has an average broker rating of 3, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

ONEOK Partners L.P. (NYSE:OKS) : The consensus price target for ONEOK Partners L.P. (NYSE:OKS) is $36.46 for the short term with a standard deviation of $6.41. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $24.

Company shares have received an average consensus rating of Hold for the current week

ONEOK Partners L.P. (NYSE:OKS): stock turned positive on Tuesday. Though the stock opened at $39.38, the bulls momentum made the stock top out at $39.7 level for the day. The stock recorded a low of $38.24 and closed the trading day at $39.66, in the green by 3.34%. The total traded volume for the day was 698,625. The stock had closed at $38.38 in the previous days trading.

In an insider trading activity, Miers Sheppard F Iii, officer (VP & Chief Accounting Officer) of Oneok Partners Lp had purchased 6,400 shares on March 4, 2016 in a transaction. The price per share was $31.49 and the total amount of the disclosed transaction was $201,536.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

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