Deutsche Bank AG upgraded Oneok Partners LP (NYSE:OKS) to Hold in a report released today.
- Updated: October 10, 2016
Deutsche Bank AG has upgraded Oneok Partners LP (NYSE:OKS) to Hold in a report released on 10/10/2016.
Previously on 10/04/2016, Morgan Stanley reported about Oneok Partners LP (NYSE:OKS) raised the target price from $0.00 to $45.00. At the time, this indicated a possible upside of 0.13%.
Yesterday Oneok Partners LP (NYSE:OKS) traded 1.69% higher at $39.05. The company’s 50-day moving average is $38.92 and its 200-day moving average is $37.89. The last stock close price is up 4.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 225,638 shares of the stock were exchanged, down from an average trading volume of 585,566
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Oneok Partners LP has a 52 week low of $21.86 and a 52 week high of $42.34 with a P/E ratio of 33.77 The company’s market cap is currently $0.
In addition to Deutsche Bank AG reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $38.06 with 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 9 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Oneok Partners LP (NYSE:OKS)
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. The Company's segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to contracted producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region where the Company provides nondiscretionary services. The Natural Gas Pipelines segment provides transportation and storage services to end users through its assets and its ownership in Northern Border Pipeline.
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