Stock To Watch: ONEOK Partners, L.P. (NYSE:OKS)


The leading market experts have placed a mean price target of $41.13 on ONEOK Partners, L.P. (NYSE:OKS) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.63 a share for the upcoming quarter and $2.29 for the current fiscal.

Technical View

The technical analysis of ONEOK Partners, L.P. Common Sto plainly substantiates that the 50-day moving average of ONEOK Partners, L.P. Common Sto is $40.64, and stock is trading $0.53 points away or +1.29% from its 50-day moving average of $40.64. Further it is trading $6.26 or +17.92% away its 200-day moving average of $34.91. ONEOK Partners, L.P. (NYSE:OKS) 52-week high is $42.34 and the 52-week low is $21.86.

This explains if the stock moves $-1.17, it will post a 52-week high. In event of +88.33% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of ONEOK Partners, L.P. Common Sto, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, ONEOK Partners, L.P. (NYSE:OKS) ratio came in at 35.01.

The stock last ended the trading session at $41.17 and registered a market cap of $11.77B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. ONEOK Partners, L.P. (NYSE:OKS) PEG ratio is at 0.59.

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