Worth Watching: Is Buying Stock Like Oneok Partners LP After Such Increase Winning Strategy?

Worth Watching: Is Buying Stock Like Oneok Partners LP After Such Increase Winning Strategy?

The stock of Oneok Partners LP (NYSE:OKS) is a huge mover today! About 646,855 shares traded hands or 26.76% up from the average. Oneok Partners LP (NYSE:OKS) has risen 8.71% since April 27, 2016 and is uptrending. It has outperformed by 3.48% the S&P500.
The move comes after 7 months positive chart setup for the $11.85 billion company. It was reported on Nov, 30 by Barchart.com. We have $45.67 PT which if reached, will make NYSE:OKS worth $1.07 billion more.

Analysts await Oneok Partners LP (NYSE:OKS) to report earnings on February, 27. They expect $0.64 EPS, up 10.34% or $0.06 from last year’s $0.58 per share. OKS’s profit will be $181.00M for 16.37 P/E if the $0.64 EPS becomes a reality. After $0.59 actual EPS reported by Oneok Partners LP for the previous quarter, Wall Street now forecasts 8.47% EPS growth.

Oneok Partners LP (NYSE:OKS) Ratings Coverage

Out of 13 analysts covering Oneok Partners (NYSE:OKS), 1 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 8% are positive. Oneok Partners has been the topic of 31 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Wednesday, May 18 by US Capital Advisors. The rating was upgraded by Deutsche Bank on Monday, October 10 to “Hold”. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, November 3. The firm has “Neutral” rating by Credit Suisse given on Tuesday, October 13. Credit Suisse downgraded Oneok Partners LP (NYSE:OKS) on Thursday, March 17 to “Underperform” rating. On Wednesday, September 14 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock has “Sell” rating given by Goldman Sachs on Friday, September 11. Barclays Capital maintained the shares of OKS in a report on Wednesday, December 16 with “Equal Weight” rating. The company was downgraded on Monday, February 8 by Robert W. Baird. The stock of Oneok Partners LP (NYSE:OKS) has “Sector Perform” rating given on Tuesday, December 22 by RBC Capital Markets.

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: “ONEOK, Inc. Earnings Rise on Higher Volumes at ONEOK Partners LP” on November 02, 2016, also Seekingalpha.com published article titled: “ONEOK Partners: Excellent Dividend Prospects”, Fool.com published: “Here’s Why ONEOK, Inc. and ONEOK Partners LP Shares Are Down Big Today” on February 09, 2016. More interesting news about Oneok Partners LP (NYSE:OKS) was released by: Streetinsider.com and their article: “Form 4 ONEOK Partners LP For: Nov 21 Filed by: PETERSEN GARY N” with publication date: November 29, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment