Credit Suisse Upgrades Oneok Partners LP to Outperform (OKS)

By admin | 6 years ago

Oneok Partners LP (NYSE: OKS) was upgraded by Credit Suisse (NYSE: CS) to an “outperform” rating in a research note issued on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) downgraded shares of Oneok Partners LP from a “buy” rating to a “neutral” rating in a research note to investors on Friday, April 20th. Separately, analysts at Global Hunter Securities initiated coverage on shares of Oneok Partners LP in a research note to investors on Tuesday, April 17th. They set a “buy” rating and a $62.00 price target on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) downgraded shares of Oneok Partners LP from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, February 29th.

Shares of Oneok Partners LP traded up 0.44% during mid-day trading on Wednesday, hitting $57.20. Oneok Partners LP has a one year low of $43.05 and a one year high of $61.58. The company has a market cap of $11.658 billion and a P/E ratio of 17.01.

The company last announced its quarterly results on Tuesday, May 1st. It reported $0.91 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.81 EPS by $0.10. On average, analysts predict that Oneok Partners LP will post $0.72 earnings per share next quarter.

ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States.

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