Upgrade Alert for ONEOK Partners (OKS)
ONEOK Partners (NYSE:OKS) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $37.35 on volume of 1.5 million shares, above average daily volume of 1.0 million.
In the past 52 weeks, shares of ONEOK Partners have traded between a low of $21.86 and a high of $42.50 and closed yesterday at $37.35, which is 71% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.8%.
ONEOK Partners, L.P., through a subsidiary limited partnership, owns a general partner interest in a master limited partnership. The partnership owns an interstate pipeline system that transports natural gas primarily in the upper Midwest and Mid Continent regions of the United States.
ONEOK Partners (NYSE:OKS) is currently priced 2.1% above its average consensus analyst price target of $36.57. ONEOK Partners shares have support at the 50-day moving average (MA) of $31.99 and additional support at the 200-day MA of $30.48.
SmarTrend recommended that subscribers consider buying shares of ONEOK Partners on April 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.15. Since that recommendation, shares of ONEOK Partners have risen 6.9%. We continue to monitor OKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades ONEOK Partners