Short Term Rating on ONEOK Partners L.P. (OKS)

ONEOK Partners L.P. (OKS) : 3 brokerage houses believe that ONEOK Partners L.P. (OKS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ONEOK Partners L.P. (OKS). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.83.

ONEOK Partners L.P. (OKS) : Currently there are 12 street experts covering ONEOK Partners L.P. (OKS) stock. The most bullish and bearish price target for the stock is $46 and $24 respectively for the short term. The average price target of all the analysts comes to $37.25. The estimated standard deviation from the target is $6.7.

Company shares have received an average consensus rating of Hold for the current week


ONEOK Partners L.P. (NYSE:OKS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.50 and $41.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.11, notching a gain of 3.39% for the day. The total traded volume was 1,048,489 . The stock had closed at $40.73 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.

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