Equities Analysts Offer Predictions for Oneok Partners LP’s Q1 2018 Earnings (OKS)
Oneok Partners LP (NYSE:OKS) – Research analysts at US Capital Advisors issued their Q1 2018 earnings per share estimates for shares of Oneok Partners in a research report issued to clients and investors on Thursday. US Capital Advisors analyst B. Followill expects that the firm will post earnings per share of $0.63 for the quarter. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Oneok Partners’ Q2 2018 earnings at $0.59 EPS.
Oneok Partners (NYSE:OKS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.14. During the same quarter in the previous year, the business posted $0.44 EPS.
Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Oneok Partners from an “underweight” rating to a “neutral” rating and upped their price target for the company from $34.00 to $40.00 in a research report on Monday, September 5th. Simmons restated an “overweight” rating and issued a $45.00 price target (up from $42.00) on shares of Oneok Partners in a research report on Saturday, June 25th. Robert W. Baird upgraded shares of Oneok Partners from an “underperform” rating to a “neutral” rating and upped their price target for the company from $24.00 to $45.00 in a research report on Friday, August 12th. Jefferies Group cut shares of Oneok Partners from a “buy” rating to a “hold” rating and upped their price target for the company from $37.00 to $40.00 in a research report on Wednesday, June 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Oneok Partners from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.43.
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Shares of Oneok Partners (NYSE:OKS) opened at 38.49 on Monday. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of 32.73 and a beta of 0.39. Oneok Partners has a 52 week low of $21.86 and a 52 week high of $42.34. The firm has a 50-day moving average of $40.21 and a 200 day moving average of $36.75.
The company also recently declared a quarterly dividend, which was paid on Sunday, August 14th. Investors of record on Monday, August 8th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date was Thursday, August 4th.
About Oneok Partners
ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. The Company’s segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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