Oneok Partners LP (NYSE:OKS) – Analysts at Jefferies Group issued their Q3 2016 earnings per share (EPS) estimates for Oneok Partners in a research note issued on Thursday. Jefferies Group analyst C. Sighinolfi forecasts that the brokerage will earn $0.58 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $42.00 target price on the stock.
OKS has been the subject of a number of other research reports. Stifel Nicolaus raised shares of Oneok Partners from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, September 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded Oneok Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Friday, July 22nd. Morgan Stanley cut Oneok Partners from an “overweight” rating to an “equal weight” rating and set a $45.00 price objective on the stock. in a research note on Tuesday, October 4th. RBC Capital Markets restated a “sector perform” rating and set a $40.00 price objective (up from $37.00) on shares of Oneok Partners in a research note on Tuesday, August 16th. Finally, Deutsche Bank AG upgraded Oneok Partners from a “sell” rating to a “hold” rating and raised their price objective for the stock from $40.00 to $42.00 in a research note on Monday, October 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $40.18.
Oneok Partners (NYSE:OKS) opened at 41.87 on Monday. The firm has a market capitalization of $11.97 billion, a PE ratio of 35.60 and a beta of 0.39. The firm has a 50-day moving average of $39.14 and a 200 day moving average of $38.49. Oneok Partners has a 52 week low of $21.86 and a 52 week high of $42.34.
Oneok Partners (NYSE:OKS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.14. During the same quarter in the prior year, the business earned $0.44 EPS.
Several institutional investors have recently added to or reduced their stakes in OKS. Mariner Wealth Advisors LLC raised its position in Oneok Partners by 12.0% in the first quarter. Mariner Wealth Advisors LLC now owns 37,934 shares of the company’s stock valued at $1,191,000 after buying an additional 4,052 shares during the last quarter. National Planning Corp acquired a new position in Oneok Partners during the first quarter valued at about $220,000. Harvest Fund Advisors LLC raised its position in Oneok Partners by 13.7% in the first quarter. Harvest Fund Advisors LLC now owns 3,080,898 shares of the company’s stock valued at $96,740,000 after buying an additional 370,155 shares during the last quarter. Barclays PLC raised its position in Oneok Partners by 12.8% in the first quarter. Barclays PLC now owns 605,849 shares of the company’s stock valued at $18,782,000 after buying an additional 68,652 shares during the last quarter. Finally, Babson Capital Management LLC raised its position in Oneok Partners by 131.2% in the first quarter. Babson Capital Management LLC now owns 258,025 shares of the company’s stock valued at $8,102,000 after buying an additional 146,400 shares during the last quarter.
In related news, insider John William Gibson acquired 5,000 shares of the stock in a transaction on Monday, September 12th. The stock was acquired at an average cost of $38.09 per share, for a total transaction of $190,450.00. Following the completion of the acquisition, the insider now directly owns 105,000 shares of the company’s stock, valued at approximately $3,999,450. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
About Oneok Partners
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, Permian and Rocky Mountain regions. The Company’s segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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