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Is this Large Market Cap Stock target price reasonable for ONEOK Partners, L.P. (NYSE:OKS)?

The company in question is, ONEOK Partners, L.P. (NYSE:OKS) currently with a stock price of 41.74 (-0.07% today). The market cap for ONEOK Partners, L.P. is 11910.3, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for ONEOK Partners, L.P. is 38.06. Currently ONEOK Partners, L.P. is trading with a P/E of 38.64, and a forward P/E of 17.13. Average volume for ONEOK Partners, L.P. is 725.27 and so far today it is 82215.

Performance in the last year for ONEOK Partners, L.P. has been 46.38%. For EPS growth, ONEOK Partners, L.P. has seen a growth of -68.60%, and is looking to grow in the next year to 9.13%. More long term stats show that EPS growth has been -26.90% over the last five years and could be 29.27% for the next five years. ONEOK Partners, L.P. has seen sales growth quarter over quarter at -1.70%, with EPS growth quarter over quarter at 149.00%. The 20-day simple moving average is 6.08%, with the 200-day simple moving average coming to 32.26%.

Since the IPO date for ONEOK Partners, L.P. on the 9/24/1993, ONEOK Partners, L.P. has seen performance year to date to be 46.17%. With ONEOK Partners, L.P. trading at 41.74, the dividend yield is 7.57%, and the EPS is 1.08.

So could ONEOK Partners, L.P., be undervalued? Well as said before P/E is 38.64. The PEG is 1.32, P/S is 1.54 and the P/B is at 1.99. The P/cash is 1203.06, with P/free cash flow at *TBA.

ONEOK Partners, L.P. ability to deal with debt shows that the current ratio is 0.5, and the quick ratio is 0.4. This is with long term debt/equity at 1.12, and total debt/equity at 1.27.

In terms of margins, ONEOK Partners, L.P. has a gross margin of 28.90%, an operating margin of 12.10% and a profit margin of 3.80%.Payout ratio for ONEOK Partners, L.P. is 292.30%. Return on assets come to 1.90% with return on investment coming to 6.00%.

Insider ownership for ONEOK Partners, L.P., is at 22.06% and institutional ownership comes to 48.80%. Outstanding shares are at 285.14. While shares float is 171.32. The float short is currently 2.00%, and short ratio is 4.72.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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