Oneok Partners LP (OKS) Downgraded to Hold at US Capital Advisors

US Capital Advisors lowered shares of Oneok Partners LP (NYSE:OKS) from an overweight rating to a hold rating in a research note issued to investors on Wednesday morning.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets downgraded shares of Oneok Partners from an outperform rating to a market perform rating in a research report on Thursday, February 2nd. Zacks Investment Research upgraded shares of Oneok Partners from a hold rating to a buy rating and set a $59.00 price objective for the company in a research report on Tuesday, March 14th. Credit Suisse Group AG restated a neutral rating and issued a $45.00 price objective (up previously from $43.00) on shares of Oneok Partners in a research report on Sunday, December 4th. Citigroup Inc restated a buy rating on shares of Oneok Partners in a research report on Wednesday, January 25th. Finally, Goldman Sachs Group Inc upgraded shares of Oneok Partners from a sell rating to a neutral rating and raised their price objective for the company from $33.00 to $39.00 in a research report on Thursday, December 15th. Fourteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $43.87.

Analyst Recommendations for Oneok Partners (NYSE:OKS)

Oneok Partners (NYSE:OKS) opened at 51.88 on Wednesday. The firm has a market capitalization of $14.83 billion, a PE ratio of 23.05 and a beta of 0.56. The stock’s 50 day moving average price is $52.01 and its 200 day moving average price is $44.03. Oneok Partners has a one year low of $28.45 and a one year high of $57.41.

Oneok Partners (NYSE:OKS) last announced its quarterly earnings data on Monday, February 27th. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.05. Oneok Partners had a net margin of 9.72% and a return on equity of 16.75%. During the same quarter last year, the company posted ($0.33) earnings per share. Analysts expect that Oneok Partners will post $2.77 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Oneok Partners by 0.8% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,635 shares of the company’s stock worth $105,000 after buying an additional 22 shares during the period. Mosaic Family Wealth LLC boosted its position in shares of Oneok Partners by 0.4% in the third quarter. Mosaic Family Wealth LLC now owns 17,431 shares of the company’s stock worth $696,000 after buying an additional 67 shares during the period. Usca Ria LLC boosted its position in shares of Oneok Partners by 1.7% in the third quarter. Usca Ria LLC now owns 5,306 shares of the company’s stock worth $212,000 after buying an additional 91 shares during the period. BlackRock Inc. boosted its position in shares of Oneok Partners by 0.5% in the third quarter. BlackRock Inc. now owns 18,607 shares of the company’s stock worth $743,000 after buying an additional 101 shares during the period. Finally, Prospera Financial Services Inc boosted its position 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 worth $252,000 after buying an additional 125 shares during the period. 36.68% of the stock is owned by institutional investors.

Oneok Partners Company 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. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

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