ONEOK Partners L.P. (OKS) : During the past 4 weeks, traders have been relatively bearish on ONEOK Partners L.P. (OKS), hence the stock is down -3.88% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.86% relative to the S&P 500. The 4-week change in the price of the stock is -3.51% and the stock has fallen -1.89% in the past 1 week.
ONEOK Partners, L.P. is up 4.4% in the last 3-month period. Year-to-Date the stock performance stands at 44.13%. The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 1.92%.
ONEOK Partners L.P. (NYSE:OKS): The stock opened at $41.18 on Friday but the bulls could not build on the opening and the stock topped out at $41.29 for the day. The stock traded down to $40.20 during the day, due to lack of any buying support eventually closed down at $40.39 with a loss of -2.37% for the day. The stock had closed at $41.37 on the previous day. The total traded volume was 486,857 shares.
Also, Brokerage firm Baird upgrades its rating on ONEOK Partners L.P. (NYSE:OKS). The shares have been rated Neutral. 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. 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.