ONEOK Partners L.P. (OKS) : Traders are bullish on ONEOK Partners L.P. (OKS) as it has outperformed the S&P 500 by a wide margin of 2.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.19%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.36% in the last 1 week, and is up 1.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 1.21%.The 200 Day SMA reached 18.99%
ONEOK Partners L.P. (NYSE:OKS): After opening at $39.73, the stock dipped to an intraday low of $39.28 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.2 and the buying power remained strong till the end. The stock closed at $39.95 for the day, a gain of 1.19% for the day session. The total traded volume was 877,789. The stocks close on the previous trading day was $39.95.
ONEOK Partners L.P. (OKS) : The highest level ONEOK Partners L.P. (OKS) is projected to reach is $46 for the short term and the lowest estimate is at $35. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $41.54 and the possibility the share price can swing is $3.64.
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.