ONEOK Partners, L.P. (NYSE:OKS) is trading up 116.26% versus 12-month low of 20.66 and stands -4.96% lower from its 1-year peak of $47.01. The consensus price target (PT) of $43.94 means that the market expects Company shares to increase by -1.3% in the short run. The sell-side target prices range from $39 to $50. In the last month the stock has moved in price 6.66%, with a one year change of 104.01%. The last trading session volume compares with the 572.27K average and market worth floats around 12.72B.
ONEOK Partners, L.P. (NYSE:OKS) gained 0.38% to reach at the trading price of $44.68 as it is set to release its next quarterly earnings report on February 27, 2017. ONEOK Partners, L.P. stock trades in the range of $43.94 to $44.93 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.65 a share with $2.81B in revenue.
ONEOK Partners, L.P. (OKS) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast ONEOK Partners, L.P. to earn $0.61 per share (EPS) on revenue of $2.52B. The EPS consensus range is $0.53-$0.76 on revenue between $2.81B and $2.17B.
While if we look at the Earnings Track Record, ONEOK Partners, L.P. (OKS) managed to surpass quarterly earnings per share estimates in 8 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 66%. Last time the company reported, ONEOK Partners, L.P. (OKS) generated $0.59 in earnings per share, beating the consensus estimate of $0.58. Revenues hit $2.36B in the September 2017 quarter, which was above the consensus $2.29B projection. On the other hand, in the June 2017 quarter the company recorded a net $2.13B revenue with earnings per share of $0.54. Wall Street had anticipated $2.04B and $0.54, respectively. For comparison, there was a revenue of $1.77B and EPS of $0.52 in the March 2016 period.
ONEOK Partners, L.P. (NYSE:OKS) Analyst Insights
The buoyancy in the outlook of ONEOK Partners, L.P. (OKS) is getting weaker by the somewhat negative sentiment (2.80 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Hold. Piper Jaffray has been covering shares of OKS, so it is most recent view is worth a look. In a research note issued on Nov 03, 2016, analysts at downgraded the stock to Hold from Buy. Another noteworthy analyst activity was recorded on Oct 13, 2016. Downgraded the stock to Neutral from Overweight.