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.
Several price targets were given for OKS by the analysts covering the stock. The most optimistic price target was 60.08, implying potential capital gains of 17.64 percent. The most pessimistic price target was 47, which equates to a potential downside of -7.97 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -3.25 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.94 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.48 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, 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.
OKS has an estimated earnings growth rate of 13.32 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Today's price is 41.35 percent above the 52-week low, and 11.04 percent lower than its 52-week high. OKS has a P/E 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's next earnings release will be on 0000-00-00, which is days away.