Analyst Price Target Update on ONEOK Partners L.P. (NYSE:OKS)

ONEOK Partners L.P. (NYSE:OKS): 11 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $36.18 in ONEOK Partners L.P. (NYSE:OKS). However, the stock price could fluctuate by $ 6.06 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $45 price target with the lower price estimate is calculated at $24

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Jefferies downgrades its outlook on ONEOK Partners L.P. (NYSE:OKS). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm raises the price target from $37 per share to $40 per share. The rating by the firm was issued on June 8, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Miers Sheppard F Iii, officer (VP & Chief Accounting Officer) of Oneok Partners Lp, executed a transaction worth $201,536 on March 4, 2016. A total of 6,400 shares were purchased at an average price of $31.49. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

ONEOK Partners L.P. (NYSE:OKS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.36 points or 0.95% at $37.44 with 944,835 shares getting traded. Post opening the session at $37.31, the shares hit an intraday low of $37.04 and an intraday high of $38.54 and the price was in this range throughout the day. The company has a market cap of $10,701 million and the number of outstanding shares have been calculated to be 285,826,230 shares. The 52-week high of ONEOK Partners L.P. (NYSE:OKS) is $40.12 and the 52-week low is $21.86.

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.

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