Oneok Partners PT Raised to $60.00 (OKS)
Stock analysts at Credit Suisse boosted their price target on shares of Oneok Partners (NYSE:OKS) from $59.00 to $60.00 in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 8.44% from the stock’s previous close.
A number of other firms have also recently commented on OKS. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Oneok Partners in a research note on Friday, July 25th. They now have a $65.00 price target on the stock, up previously from $60.00. 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. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.10.
Shares of Oneok Partners (NYSE:OKS) traded down 1.86% during mid-day trading on Thursday, hitting $54.30. 284,000 shares of the company’s stock traded hands. Oneok Partners has a one year low of $48.15 and a one year high of $59.11. The stock’s 50-day moving average is $57.34 and its 200-day moving average is $55.31. The company has a market cap of $13.059 billion and a price-to-earnings ratio of 20.83.
Oneok Partners (NYSE:OKS) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.37. During the same quarter in the prior year, the company posted $0.62 earnings per share. Analysts expect that Oneok Partners will post $2.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Investors 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 5.49%. The ex-dividend date is Thursday, July 31st. This is an increase 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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