Stocks of ONEOK Partners L.P. (NYSE:OKS) rallied by 0.32% during the past week but lost 3.88% on a 4-week basis. The company has outperformed the S&P 500 by 1.52% in the past week but underperformed the index by 4.76% in the last 4 weeks.
ONEOK Partners L.P. (NYSE:OKS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.11 and $37.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.92, notching a gain of 0.13% for the day. The total traded volume was 2,073,052 . The stock had closed at $37.87 on the previous day.
The company shares have rallied 4.90% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $40.12 and the one year low was seen on Dec 17, 2015. The 50-Day Moving Average price is $37.67 and the 200 Day Moving Average price is recorded at $31.06.
On the companys insider trading activities, Miers Sheppard F Iii, officer (VP & Chief Accounting Officer) of Oneok Partners Lp, executed a transaction worth $201,536 on March 4, 2016. A total of 6,400 shares were purchased at an average price of $31.49. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of ONEOK Partners L.P. (NYSE:OKS). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $45 per share from a prior target of $36. The rating by the firm was issued on June 17, 2016. Institutional Investors own 36.1% of ONEOK Partners L.P. shares. During last six month period, the net percent change held by insiders has seen a change of 17.75%.
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.