Market Runner: How Analysts Feel About Oneok Partners LP After Today’s Big Decline?

Market Runner: How Analysts Feel About Oneok Partners LP After Today's Big Decline?

The stock of Oneok Partners LP (NYSE:OKS) is a huge mover today! The stock decreased 1.37% or $0.54 during the last trading session, hitting $38.99. About 1.04 million shares traded hands or 69.62% up from the average. Oneok Partners LP (NYSE:OKS) has risen 29.69% since March 2, 2016 and is uptrending. It has outperformed by 21.43% the S&P500.
The move comes after 8 months negative chart setup for the $11.05B company. It was reported on Oct, 6 by Barchart.com. We have $36.26 PT which if reached, will make NYSE:OKS worth $773.50 million less.

Analysts await Oneok Partners LP (NYSE:OKS) to report earnings on November, 1. They expect $0.60 earnings per share, up 33.33% or $0.15 from last year’s $0.45 per share. OKS’s profit will be $170.04M for 16.25 P/E if the $0.60 EPS becomes a reality. After $0.54 actual earnings per share reported by Oneok Partners LP for the previous quarter, Wall Street now forecasts 11.11% EPS growth.

Oneok Partners LP (NYSE:OKS) Ratings Coverage

Out of 12 analysts covering Oneok Partners (NYSE:OKS), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. Oneok Partners has been the topic of 28 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, February 25 by Credit Suisse. The stock of Oneok Partners LP (NYSE:OKS) has “Buy” rating given on Wednesday, September 14 by Stifel Nicolaus. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, December 16 report. Piper Jaffray upgraded the shares of OKS in a report on Wednesday, May 4 to “Overweight” rating. The rating was maintained by Citigroup with “Buy” on Friday, June 17. Credit Suisse downgraded the shares of OKS in a report on Tuesday, October 13 to “Neutral” rating. As per Tuesday, April 19, the company rating was maintained by Citigroup. The firm has “Neutral” rating by Robert W. Baird given on Friday, August 12. The firm has “Underperform” rating given on Thursday, March 17 by Credit Suisse. RBC Capital Markets maintained Oneok Partners LP (NYSE:OKS) rating on Tuesday, December 22. RBC Capital Markets has “Sector Perform” rating and $32 price target.

According to Zacks Investment Research, “Northern Border Pipeline is a general partnership that owns an interstate pipeline system that transports natural gas from the Montana-Saskatchewan border to natural gas markets in the midwestern United States. This pipeline system connects with multiple pipelines that provide shippers with access to the various natural gas markets served by those pipelines.”

More important recent Oneok Partners LP (NYSE:OKS) news were published by: Fool.com which released: “Here’s Why ONEOK, Inc. and ONEOK Partners LP Shares Are Down Big Today” on February 09, 2016, also Fool.com published article titled: “ONEOK Inc. and ONEOK Partners LP Stocks Up 15% and 20% Today: Here’s Why”, Seekingalpha.com published: “ONEOK Partners – 8% Yield With Solid Growth” on August 31, 2016. More interesting news about Oneok Partners LP (NYSE:OKS) was released by: Forbes.com and their article: “ONEOK Partners Named Top Dividend Stock With Insider Buying and 7.57% Yield (OKS)” with publication date: July 22, 2016.

OKS Company Profile

ONEOK Partners, L.P., incorporated on July 13, 1993, 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 divisions are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

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