Today Barclays Reaffirms a Equal Weight Rating on ONEOK Partners (NYSE:OKS) and a $32 Target Price

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ONEOK Partners (NYSE:OKS) Rating Reaffirmed

In recent note revealed to clients this morning, Barclays maintained their Equal Weight rating on ONEOK Partners (NYSE:OKS) shares. The price target implies a possible upside of 39.01% from company’s last stock price.

From a total of 15 analysts covering Oneok Partners (NYSE:OKS) stock, 5 rate it a ”Buy”, 3 a “Sell”, and 10 a ”Hold”. This means that 28% of the ratings are positive. The highest target price is $43 while the lowest target price is $25. The mean of all analyst targets is $35 with a 65.07% above today’s ($23.02) stock price. Oneok Partners was the topic of 10 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on September 15 to “Buy” rating.

Approximately 1.04M shares of stock traded hands. Oneok Partners LP (NYSE:OKS) has declined 41.52% since May 13, 2015 and is downtrending. It has underperformed by 38.89% the S&P500.

ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States. The company has a market cap of $6.69 billion. In addition, the Company owns natural gas liquids systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions. It has 13.01 P/E ratio. The Firm operates in three divisions: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.

According to Zacks Investment Research, “Northern Border Pipeline is a general partnership that owns an interstate pipeline system that transports natural gas from the Montana-Saskatchewan border to natural gas markets in the midwestern United States. This pipeline system connects with multiple pipelines that provide shippers with access to the various natural gas markets served by those pipelines.”

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