Oneok Partners Receives “Buy” Rating from Citigroup Inc. (OKS)
Oneok Partners (NYSE:OKS)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Friday. They currently have a $65.00 price target on the stock, up from their previous price target of $60.00. Citigroup Inc.’s price objective would suggest a potential upside of 12.61% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Oneok Partners in a research note on Wednesday, May 21st. They now have a $58.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Oneok Partners in a research note on Thursday, May 8th. They now have a $59.00 price target on the stock, up previously from $55.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Oneok Partners from $62.00 to $66.00 in a research note on Thursday, May 8th. They now have a “market perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.09.
Oneok Partners (NYSE:OKS) traded down 0.36% on Friday, hitting $57.72. 458,944 shares of the company’s stock traded hands. Oneok Partners has a 52-week low of $48.15 and a 52-week high of $59.11. The stock’s 50-day moving average is $57.15 and its 200-day moving average is $54.94. The company has a market cap of $13.452 billion and a price-to-earnings ratio of 21.13.
Oneok Partners (NYSE:OKS) last released its earnings data on Tuesday, May 6th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.15. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Analysts expect that Oneok Partners will post $2.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Thursday, July 31st. This is a positive change from Oneok Partners’s previous quarterly dividend of $0.75.
ONEOK Partners, L.P. (NYSE:OKS) is engaged in gathering, processing, storage and transportation of natural gas in the United States.
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