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Stock Market & Financial Investment News

News Breaks
November 27, 2012
18:05 EDTOKSONEOK Partners cites lack of long-term commitments for project cancellation
News For OKS From The Last 14 Days
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March 4, 2015
07:14 EDTOKSSimmons to hold a conference
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07:08 EDTOKSBarclays to hold a conference
2015 Investment Grade Energy and Pipeline Conference is being held in New York on March 4-5.
March 3, 2015
07:33 EDTOKSMorgan Stanley to hold a conference
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February 25, 2015
10:01 EDTOKSOn The Fly: Analyst Downgrade Summary
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06:49 EDTOKSONEOK Partners downgraded to Neutral from Outperform at Credit Suisse
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February 24, 2015
10:00 EDTOKSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
09:21 EDTOKSONEOK Partners downgraded to Underweight from Neutral at JPMorgan
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February 23, 2015
16:22 EDTOKSONEOK Partners lowers 2015 distribution growth outlook to 3%-5% from 8%
ONEOK Partners said that due to the current commodity price environment, it is replacing all previously announced guidance expectations and financial forecasts with a revised 2015 outlook. The partnership reduced its expected adjusted EBITDA to $1.51B-$1.73B, compared with the previous guidance range of $1.77B-$1.99B announced on Dec. 2, 2014. It stated, "The reduction in 2015 adjusted EBITDA guidance is due to significantly lower natural gas and natural gas liquids prices, particularly ethane and propane. 2015 natural gas gathered and processed volumes are expected to grow approximately 10 percent and 8 percent, respectively, compared with 2014, as the partnership benefits from natural gas flaring inventory in North Dakota, a backlog of new well connections and continued drilling in core areas of the Bakken and Cana Woodford shales." The partnership's DCF is expected to be in the range of $1.08B-$1.26B, compared with the previous guidance range of $1.31B-$1.49B. In addition, the partnership reduced its 2015 net income attributable to ONEOK Partners guidance range to $845M-$1.01B, compared with the previous guidance range of $1.12B-$1.25B. 2015 revised guidance now includes a projected 3%-5% increase in unitholder distributions declared compared with 2014, subject to ONEOK Partners board approval, compared with its previous guidance of an 8% increase. The partnership also revised 2015 volume guidance for natural gas gathered and processed and NGLs gathered and fractionated. Natural gas gathered is expected to be approximately 1,905 billion British thermal units per day, compared with the previous guidance of 2,010 BBtu/d, and natural gas processed is expected to be approximately 1,660 BBtu/d, compared with the previous guidance of 1,760 BBtu/d, due to reduced producer drilling in this low price commodity environment.
16:19 EDTOKSONEOK Partners reports Q4 EPS 67c, consensus 63c
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16:17 EDTOKSONEOK lowers 2015 dividend growth outlook to 4%-8% from 14%
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15:23 EDTOKSNotable companies reporting after market close
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09:06 EDTOKSONEOK names Robert Martinovich to Chief Administrative Officer
Robert Martinovich, currently EVP of commercial, becomes executive vice president and Chief Administrative Officer, responsible for human resources, corporate services and information technology. The company also announced Walter Hulse joined the company as EVP of strategic planning and corporate affairs.

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