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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 41.53 (1.47% today). The market cap for ONEOK Partners, L.P. is 11522.61, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for ONEOK Partners, L.P. is 41.13. Currently ONEOK Partners, L.P. is trading with a P/E of 34.6, and a forward P/E of 16.26. Average volume for ONEOK Partners, L.P. is 624.05 and so far today it is 170416.

Performance in the last year for ONEOK Partners, L.P. has been 40.29%. For EPS growth, ONEOK Partners, L.P. has seen a growth of -68.60%, and is looking to grow in the next year to 10.01%. 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 4.97%, with the 200-day simple moving average coming to 30.26%.

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 46.05%. With ONEOK Partners, L.P. trading at 41.53, the dividend yield is 7.72%, and the EPS is 1.18.

So could ONEOK Partners, L.P., be undervalued? Well as said before P/E is 34.6. The PEG is 1.13, P/S is 1.49 and the P/B is at 2.01. The P/cash is 3114.22, 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 48.40%. Outstanding shares are at 281.52. While shares float is 171.32. The float short is currently 2.08%, and short ratio is 5.72.

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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