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ONEOK Partners Limited - Value - Zacks Rank Buy
Tracey Ryniec (October 2nd, 2008) Writes:
ONEOK Partners recently confirmed its higher 2008 earnings guidance despite Hurricane Ike impacting some facilities in the Gulf Coast region as commodity prices stay elevated. The partnership also increased its distribution for the 10th consecutive quarter.
ONEOK has surprised on earnings 4 consecutive quarters by an average of 24.16%. It has a forward P/E of 9.87.
Company Description
ONEOK Partners Limited (OKS) is one of the largest natural gas limited partnerships in the U.S. The partnerships owns the natural gas liquid (NGL) system that connects the natural gas and NGL supply in the Mid-Continent with key markets.
The general partner is a wholly owned subsidiary of ONEOK, Inc. (OKE), an energy company which owns 47.7% of the partnership.
Net Income Jumped 63% in the Second Quarter
On Aug 5, ONEOK Partners reported second quarter earnings that surprised on Wall Street estimates by 39.05%, or 41
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cents, composite natural gas liquids, crude oil, energy, Gulf Coast, Hurricane Ike, Lehman Brothers, Natural Gas, natural gas gathering, natural gas liquid, natural gas liquids, Oneok Inc, ONEOK Partners Limited, owned subsidiary, Stocks to Watch, United States, USD, Zacks Rank Buy ONEOK Partners
cents, composite natural gas liquids, crude oil, energy, Gulf Coast, Hurricane Ike, Lehman Brothers, Natural Gas, natural gas gathering, natural gas liquid, natural gas liquids, Oneok Inc, ONEOK Partners Limited, owned subsidiary, Stocks to Watch, United States, USD, Zacks Rank Buy ONEOK Partners
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