ONEOK Partners L.P. (OKS) stock is expected to deviate a maximum of $3.8 from the average target price of $41.64 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $46 and the most muted being $35.
ONEOK Partners L.P. (OKS) : The consensus on ONEOK Partners L.P. (OKS) based on 13 analyst recommendation on the company stock is 2.69, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on ONEOK Partners L.P. (OKS).
Also, In a research note released to the investors, Baird upgrades its rating on ONEOK Partners L.P. (NYSE:OKS).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on August 12, 2016.
ONEOK Partners L.P. (NYSE:OKS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.69 and $38.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.99, notching a gain of 0.62% for the day. The total traded volume was 600,862 . The stock had closed at $38.75 on the previous day.
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.