Oneok Partners LP (NYSE:OKS) has been downgraded to Neutral in a statement by Piper Jaffray Cos. earlier today.
- Updated: October 15, 2016
Piper Jaffray Cos. has downgraded Oneok Partners LP (NYSE:OKS) to Neutral in a statement released on Thursday October 13, 2016.
Having a price of $40.31, Oneok Partners LP (NYSE:OKS) traded -0.10% lower on the day. With the last stock price up 8.25% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. OKS has recorded a 50-day average of $39.03 and a two hundred day average of $38.23. Trade Volume was up over the average, with 850,739 shares of OKS changing hands over the typical 581,008
Recent Performance Chart
Oneok Partners LP has PE ratio of 35.19 with a one year low of $21.86 and a one year high of $42.34 and has a market capitalization of $0.
A total of 16 brokerages have released a report on Oneok Partners LP. One brokerage rating the company a strong buy, three brokerages rating the company a buy, nine brokerages rating the company a hold, four brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $38.06.
General Company Details For 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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