Jefferies Reiterates a Hold Rating on ONEOK Partners

By Jason Carr

In a report released yesterday, Brad Handler from Jefferies reiterated a Hold rating on ONEOK Partners (NYSE: OKS), with a price target of $50. The company’s shares closed yesterday at $50.08.

According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -9.4% and a 32.7% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Basic Energy Services.

ONEOK Partners has an analyst consensus of Hold, with a price target consensus of $52.80.

ONEOK Partners’ market cap is currently $14.31B and has a P/E ratio of 21.77. The company has a book value ratio of 2.4765.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ONEOK Partners LP is engaged in gathering, processing, storage and transportation of natural gas in the U.S. and owns the natural gas liquids systems, connecting natural gas liquids supply in the Mid-Continent and Rocky Mountain regions with key market centers. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Pipelines and Natural Gas Liquids. The Natural Gas Gathering and Processing segment gathers and processes natural gas. The Natural Gas Pipelines segment owns and operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. The Natural Gas Liquids segment gathers, treats and fractionates and transports natural gas liquids and stores, markets and distributes natural gas liquids products. The company was founded in 1993 and is headquartered in Tulsa, OK.