Brokerage Firm Rating Update on ONEOK Partners L.P. (OKS)

ONEOK Partners L.P. (OKS) : 14 analysts are covering ONEOK Partners L.P. (OKS) and their average rating on the stock is 2.71, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. ONEOK Partners L.P. (OKS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

ONEOK Partners L.P. (OKS) : The most positive equity analysts on ONEOK Partners L.P. (OKS) expects the shares to touch $46, whereas, the least positive believes that the stock will trade at $35 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $41.64 with an expected fluctuation of $3.8 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Baird upgrades its ratings on ONEOK Partners L.P. (NYSE:OKS). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 12, 2016.

ONEOK Partners L.P. (NYSE:OKS): stock was range-bound between the intraday low of $39.71 and the intraday high of $40.06 after having opened at $39.92 on Wednesdays session. The stock finally closed in the red at $39.92, a loss of -0.15%. The stock remained in the red for the whole trading day. The total traded volume was 551,536 shares. The stock failed to cross $40.06 in Wednesdays trading. The stocks closing price on Thursday was $39.86.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.