ONEOK Partners (NYSE:OKS) Upgrade of Rating
Robert W. Baird boosted ONEOK Partners (NYSE:OKS)’s stock to “Neutral” rating from “Underperform”. The ratings change was shared with investors and clients in a research report today. The firm from today has $45.0 target price on the stock.
The stock rating upgrade is welcomed by equity traders, as NYSE:OKS is now trading 0.37% higher at $40.55 as of 06:55 New York time. ONEOK Partners shares have risen 31.23% in the past 200 days, while the S&P500 has risen 5.53% in the same time period.
Out of 16 brokers covering ONEOK Partners, 4 rate it a Buy, 9 indicate a Hold while 5 suggest a Sell. The highest target is $46 and the lowest is $24 according to Thomson/First Call. The 12-month mean target is $38.06, which means downside potential of 6.14% over the current price.
NYSE:OKS Price Chart & Trend
The stock price of ONEOK Partners increased 31.23% over the last 200 days, and is in energetic up trend. In the last 50 and 100 days, ONEOK Partners is up 5.93% and up 31.06%, respectively. Our stocks momentum model is shown on the price chart below.
ONEOK Partners (NYSE:OKS) Profile
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. The Company’s segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
ONEOK Partners (NYSE:OKS) traded up 0.37% on 12 August, hitting $40.55. A total of shares of the company’s stock traded hands. This is down from average of 581,612 shares. ONEOK Partners has a 52 week low of $21.86 and a 52 week high of $42.34. The company has a market cap of $11.71B and a P/E ratio of 34.27.
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