The Oneok Partners LP (OKS) Upgraded at Deutsche Bank AG

The Oneok Partners LP (OKS) Upgraded at Deutsche Bank AG

Deutsche Bank AG upgraded shares of Oneok Partners LP (NYSE:OKS) from a sell rating to a hold rating in a research report report published on Monday. Deutsche Bank AG currently has $42.00 price target on the stock, up from their previous price target of $40.00.

A number of other research analysts also recently commented on the company. Morgan Stanley downgraded Oneok Partners from an overweight rating to an equal weight rating and set a $45.00 price objective for the company. in a research note on Tuesday, October 4th. Stifel Nicolaus upgraded Oneok Partners from a hold rating to a buy rating and set a $40.00 price objective for the company in a research note on Tuesday, September 13th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded Oneok Partners from an underweight rating to a neutral rating and upped their price objective for the stock from $34.00 to $40.00 in a research note on Monday, September 5th. RBC Capital Markets restated a sector perform rating and set a $40.00 price objective (up from $37.00) on shares of Oneok Partners in a research note on Tuesday, August 16th. Finally, Royal Bank Of Canada upped their price objective on Oneok Partners from $37.00 to $40.00 and gave the stock a sector perform rating in a research note on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Oneok Partners currently has a consensus rating of Hold and a consensus target price of $39.88.

Shares of Oneok Partners (NYSE:OKS) opened at 41.04 on Monday. The firm has a market cap of $11.73 billion, a P/E ratio of 34.90 and a beta of 0.39. The firm has a 50-day moving average price of $38.95 and a 200-day moving average price of $38.12. Oneok Partners has a 12-month low of $21.86 and a 12-month high of $42.34.

Oneok Partners (NYSE:OKS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.14. During the same period in the previous year, the company posted $0.44 earnings per share. On average, equities research analysts expect that Oneok Partners will post $2.26 earnings per share for the current fiscal year.

In other news, insider John William Gibson acquired 5,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was acquired at an average price of $38.09 per share, for a total transaction of $190,450.00. Following the completion of the acquisition, the insider now directly owns 105,000 shares in the company, valued at approximately $3,999,450. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Hedge funds have recently made changes to their positions in the stock. Prospera Financial Services Inc raised its stake in shares of Oneok Partners by 2.0% in the third quarter. Prospera Financial Services Inc now owns 6,297 shares of the company’s stock valued at $252,000 after buying an additional 125 shares during the period. 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 period. 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 period. 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 period. Finally, 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 period.

Oneok Partners Company Profile

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