Analyst Ratings for ONEOK Partners L.P. (OKS)Updated: 2017-07-01
An average rating of Hold has been given to ONEOK Partners L.P. (NYSE:OKS) by analysts covering the stock. Last month, OKS received an average rating of Overweight.
3 analysts declared OKS a buy, 0 gave an overweight rating, 12 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for OKS. The most optimistic analyst gave a price target of 60.08, implying potential capital gains of 17.64 percent. The most pessimistic analyst gave a price target of 47, which equates to a potential downside of -7.97 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -3.25 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.94 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -1.48 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of OKS's earnings is estimated by analysts to be 13.32 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. OKS has a PEG ratio of 1.67.
OKS has traded between a high of 57.41 and a low of 36.13 over the past year. The current market price is above the trailing year's low by 41.35 percent, and below the high by 11.04 percent. OKS has a price/earnings ratio of 22.2. Investors typically compare the P/E ratio to a company's peers in the industry. The OKS value stock report compares OKS to some of its peers using value stock charts. The stock has a market capitalization of $14.6 billion. OKS will post this quarters earnings in days, on 0000-00-00.