ONEOK Partners L.P (NYSE: OKS) shares currently have a dividend yield of 5.70%. ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing, Natural Gas Pipelines, and Natural Gas Liquids. The company has a P/E ratio of 20.44. The average volume for ONEOK Partners L.P has been 739,900 shares per day over the past 30 days. ONEOK Partners L.P has a market cap of $7.5 billion and is part of the energy industry. Shares are down 6.4% year to date as of the close of trading on Thursday. TheStreet Ratings rates ONEOK Partners L.P as a buy. Among the primary strengths of the company is its revenue growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 10.3%. Since the same quarter one year prior, revenues rose by 30.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The change in net income from the same quarter one year ago has significantly exceeded that of the Oil, Gas & Consumable Fuels industry average, but is less than that of the S&P 500. The net income has decreased by 2.0% when compared to the same quarter one year ago, dropping from $206.47 million to $202.37 million.
- Net operating cash flow has declined marginally to $202.02 million or 4.16% when compared to the same quarter last year. Despite a decrease in cash flow ONEOK PARTNERS -LP is still fairing well by exceeding its industry average cash flow growth rate of -17.92%.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market on the basis of return on equity, ONEOK PARTNERS -LP has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
- The gross profit margin for ONEOK PARTNERS -LP is currently extremely low, coming in at 10.40%. It has decreased from the same quarter the previous year. Regardless of the weak results of the gross profit margin, the net profit margin of 7.31% is above that of the industry average.
- You can view the full ONEOK Partners L.P Ratings Report.
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