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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 39.9 (-0.23% today). The market cap for ONEOK Partners, L.P. is 11681.12, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for ONEOK Partners, L.P. is 41.31. Currently ONEOK Partners, L.P. is trading with a P/E of 33.73, and a forward P/E of 15.62. Average volume for ONEOK Partners, L.P. is 597.94 and so far today it is 294100.

Performance in the last year for ONEOK Partners, L.P. has been 43.87%. For EPS growth, ONEOK Partners, L.P. has seen a growth of -68.60%, and is looking to grow in the next year to 11.38%. More long term stats show that EPS growth has been -26.90% over the last five years and could be 30.68% for the next five years. ONEOK Partners, L.P. has seen sales growth quarter over quarter at 0.30%, with EPS growth quarter over quarter at 23.10%. The 20-day simple moving average is 0.06%, with the 200-day simple moving average coming to 24.17%.

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 42.38%. With ONEOK Partners, L.P. trading at 39.9, the dividend yield is 7.92%, and the EPS is 1.18.

So could ONEOK Partners, L.P., be undervalued? Well as said before P/E is 33.73. The PEG is 1.1, P/S is 1.51 and the P/B is at 1.96. The P/cash is 3157.06, 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 1.15, and total debt/equity at 1.33.

In terms of margins, ONEOK Partners, L.P. has a gross margin of 30.00%, an operating margin of 12.80% and a profit margin of 4.30%.Payout ratio for ONEOK Partners, L.P. is 267.10%. Return on assets come to 2.20% with return on investment coming to 6.00%.

Insider ownership for ONEOK Partners, L.P., is at 22.06% and institutional ownership comes to 48.90%. Outstanding shares are at 292.76. While shares float is 171.32. The float short is currently 2.08%, and short ratio is 5.97.

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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Stephen Butters

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