ONEOK (OKE) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 46

ONEOK (OKE) 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 $ 46 from a previous price target of $39 . RBC Capital Mkts advised their investors in a research report released on Aug 16, 2016.

Many Wall Street Analysts have commented on ONEOK. ONEOK was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.

On the company’s financial health, ONEOK reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 2112.75.During the same quarter in the previous year, the company posted $0.36 EPS.

ONEOK closed down -0.08 points or -0.17% at $46.77 with 23,25,927 shares getting traded on Monday. Post opening the session at $47.1, the shares hit an intraday low of $46.73 and an intraday high of $47.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 18, 2016, Brian L Derksen (director) purchased 1,800 shares at $30.33 per share price. According to the SEC, on Mar 8, 2016, Sheppard F Iii Miers (VP & Chief Accounting Officer) sold 3,900 shares at $27.49 per share price. On Dec 28, 2015, Walter S Iii Hulse (EVP STRATEGIC PLNG & CORP DEV) purchased 15,000 shares at $23.90 per share price, according to the Form-4 filing with the securities and exchange commission.

ONEOK Inc. is the sole general partner of ONEOK Partners L.P. (ONEOK Partners) a master limited partnership engaged in the gathering processing storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute natural gas liquids (NGLs) and store NGL products primarily in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.


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