Why ONEOK Partners, L.P. (NYSE:OKS) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $41.31 on ONEOK Partners, L.P. (NYSE:OKS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.29 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of ONEOK Partners, L.P. (NYSE:OKS) stands at 33.18.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For ONEOK Partners, L.P. Common Sto, the PEG ratio for coming 3-5 years is 0.56.

Technical Analysis

The technical analysis highlights that ONEOK Partners, L.P. Common Sto current is trading $-1.72 points away or -4.23% from its 50-day moving average of $40.74. Further it is trading $2.78 or +7.66% away its 200-day moving average of $36.24.

The 52-week high of ONEOK Partners, L.P. (NYSE:OKS) was $42.34 while lowest point recorded in 52-week was $21.86. It implies if stock price makes a movement of over $-3.32, it will record a new 52-week high. In the case of +78.50% drop, it will touch a new 52-week low.

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