Oneok Partners LP (OKS) Cut to “Hold” at US Capital Advisors

US Capital Advisors cut shares of Oneok Partners LP (NYSE:OKS) from an overweight rating to a hold rating in a research report sent to investors on Wednesday.

A number of other research firms also recently weighed in on OKS. Goldman Sachs Group Inc upgraded Oneok Partners from a sell rating to a neutral rating and upped their target price for the company from $33.00 to $39.00 in a research report on Thursday, December 15th. Credit Suisse Group AG reiterated a neutral rating and set a $45.00 target price (up from $43.00) on shares of Oneok Partners in a research report on Sunday, December 4th. Zacks Investment Research upgraded Oneok Partners from a hold rating to a buy rating and set a $59.00 target price for the company in a research report on Tuesday, March 14th. BMO Capital Markets downgraded Oneok Partners from an outperform rating to a market perform rating in a research report on Thursday, February 2nd. Finally, Citigroup Inc reiterated a buy rating on shares of Oneok Partners in a research report on Wednesday, January 25th. Fourteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Oneok Partners currently has a consensus rating of Hold and an average target price of $43.87.

Analyst Recommendations for Oneok Partners (NYSE:OKS)

Shares of Oneok Partners (NYSE:OKS) opened at 51.07 on Wednesday. The stock has a 50 day moving average price of $52.01 and a 200-day moving average price of $44.03. Oneok Partners has a 52 week low of $28.45 and a 52 week high of $57.41. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 22.69 and a beta of 0.56.

Oneok Partners (NYSE:OKS) last released its earnings results on Monday, February 27th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.05. Oneok Partners had a net margin of 9.72% and a return on equity of 16.75%. During the same period in the prior year, the company earned ($0.33) EPS. On average, equities research analysts forecast that Oneok Partners will post $2.77 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Investment Centers of America Inc. bought a new stake in shares of Oneok Partners during the second quarter valued at $255,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Oneok Partners by 990.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,964 shares of the company’s stock valued at $399,000 after buying an additional 9,050 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Oneok Partners by 106.3% in the third quarter. Advisory Services Network LLC now owns 4,950 shares of the company’s stock valued at $198,000 after buying an additional 2,550 shares during the last quarter. Ronna Sue Cohen raised its stake in shares of Oneok Partners by 1.1% in the third quarter. Ronna Sue Cohen now owns 69,209 shares of the company’s stock valued at $2,765,000 after buying an additional 741 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Oneok Partners by 5.8% in the third quarter. Creative Planning now owns 976,645 shares of the company’s stock valued at $39,017,000 after buying an additional 53,369 shares during the last quarter. 36.68% of the stock is owned by institutional investors.

About Oneok Partners

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, Permian and Rocky Mountain regions. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

5 Day Chart for NYSE:OKS

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