Today, Oneok Partners LP (OKS) Cut to Neutral at Piper Jaffray Cos.

Today, Oneok Partners LP (OKS) Cut to Neutral at Piper Jaffray Cos.

Piper Jaffray Cos. downgraded shares of Oneok Partners LP (NYSE:OKS) from an overweight rating to a neutral rating in a research report report published on Thursday morning. Piper Jaffray Cos. currently has $44.00 price target on the stock.

OKS has been the subject of a number of other research reports. RBC Capital Markets reissued a sector perform rating and set a $40.00 target price (up previously from $37.00) on shares of Oneok Partners in a research note on Tuesday, August 16th. Zacks Investment Research raised shares of Oneok Partners from a hold rating to a buy rating and set a $47.00 target price for the company in a research note on Friday, July 22nd. Citigroup Inc. lifted their target price on shares of Oneok Partners from $36.00 to $45.00 and gave the company a buy rating in a research note on Friday, June 17th. Jefferies Group lifted their target price on shares of Oneok Partners from $40.00 to $41.00 and gave the company a hold rating in a research note on Monday, July 25th. Finally, Royal Bank Of Canada lifted their target price on shares of Oneok Partners from $37.00 to $40.00 and gave the company a sector perform rating in a research note on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $40.18.

Shares of Oneok Partners (NYSE:OKS) opened at 41.43 on Thursday. The firm has a market capitalization of $11.84 billion, a P/E ratio of 35.23 and a beta of 0.39. The stock’s 50 day moving average price is $39.08 and its 200 day moving average price is $38.41. Oneok Partners has a 52 week low of $21.86 and a 52 week high of $42.34.

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OKS. Bank of Montreal Can purchased a new position in Oneok Partners during the second quarter worth $114,775,000. Energy Income Partners LLC raised its position in Oneok Partners by 378.8% in the first quarter. Energy Income Partners LLC now owns 3,109,540 shares of the company’s stock worth $97,639,000 after buying an additional 2,460,062 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its position in Oneok Partners by 5.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 17,232,926 shares of the company’s stock worth $690,351,000 after buying an additional 899,275 shares in the last quarter. Harvest Fund Advisors LLC raised its position in Oneok Partners by 13.7% in the first quarter. Harvest Fund Advisors LLC now owns 3,080,898 shares of the company’s stock worth $96,740,000 after buying an additional 370,155 shares in the last quarter. Finally, ING Groep NV purchased a new position in Oneok Partners during the first quarter worth $8,683,000.

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