Oneok Partners Receives Average Recommendation of “Hold” from Analysts (NYSE:OKS)
Oneok Partners (NYSE:OKS) has received an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, AnalystRatings.Net reports. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $60.09.
A number of analysts have recently weighed in on OKS shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Oneok Partners in a research note on Friday. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, 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. Finally, 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.
Shares of Oneok Partners (NYSE:OKS) traded down 0.80% during mid-day trading on Monday, hitting $57.2599. The stock had a trading volume of 57,822 shares. Oneok Partners has a 52 week low of $48.15 and a 52 week high of $59.11. The stock has a 50-day moving average of $57.15 and a 200-day moving average of $54.94. The company has a market cap of $13.345 billion and a price-to-earnings ratio of 21.05.
Oneok Partners (NYSE:OKS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.42 earnings per share. Oneok Partners’s revenue was up 25.6% compared to the same quarter last year. Analysts expect that Oneok Partners will post $2.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Monday, August 4th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost 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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