ONEOK Partners L.P. (OKS) Receives Analyst Rating

ONEOK Partners L.P. (OKS) : 14 analysts are covering ONEOK Partners L.P. (OKS) and their average rating on the stock is 2.57, which is read as a Hold. 4 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 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

ONEOK Partners L.P. (OKS) : The consensus price target for ONEOK Partners L.P. (OKS) is $41.82 for the short term with a standard deviation of $3.92. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $46, however, the pessimist price target for the company is $35.


Also, Equity analysts at the Brokerage firm JP Morgan upgrades its rating on ONEOK Partners L.P. (NYSE:OKS). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The Analysts at JP Morgan raises the price target from $34 per share to $40 per share. The rating by the firm was issued on September 6, 2016.

ONEOK Partners L.P. (NYSE:OKS): The stock opened in the green at $37.34 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $37.5 and a low of $36.8 for the day. The stock did not find buyers even at the lows and closed at $36.88 recording a loss of -1.21%. 636,022 shares exchanged hands during the trading day. The stock had closed at $37.33 in the previous days trading.

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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