Piper Jaffray downgraded ONEOK Partners (NYSE:OKS) from Overweight to Neutral in a report released today.
- Updated: October 13, 2016
Piper Jaffray has downgraded ONEOK Partners (NYSE:OKS) from Overweight to Neutral in a report released on 10/13/2016.
Yesterday ONEOK Partners (NYSE:OKS) traded -0.76% lower at $41.04. The company’s 50-day moving average is $38.95 and its 200-day moving average is $38.12. The last closing price is up 6.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 116,221 shares of the stock were exchanged, down from an average trading volume of 581,526
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ONEOK Partners has a 52 week low of $21.86 and a 52 week high of $42.34 with a P/E ratio of 34.63 The company’s market cap is currently $0.
In addition to Piper Jaffray reporting its target price, a total of 16 brokers have issued a report on the stock. The consensus target price is $38.06 with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 9 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About ONEOK Partners (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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