ONEOK Partners, L.P. engages in the ownership and management of natural gas gathering, processing, storage, and interstate and intrastate pipeline assets, as well as natural gas liquids (NGLs) gathering and distribution pipelines, and storage and fractionators in the United States. Its Natural Gas Gathering and Processing segment gathers and processes raw natural gas from oil and natural gas wells located in the Mid-Continent region, as well as the Williston Basin, which spans portions of Montana, North Dakota, and the Canadian province of Saskatchewan; the Powder River Basin of Wyoming; and the Wind River Basin of Wyoming. The company’s Natural Gas Pipelines segment primarily operates regulated interstate and intrastate natural gas transmission pipelines, natural gas storage facilities, and non-processable natural gas gathering facilities. It transports natural gas through FERC-regulated interstate natural gas pipelines in Montana, North Dakota, South Dakota, Minnesota, Wisconsin, Illinois, Indiana, Kentucky, Tennessee, Oklahoma, Texas, and New Mexico, as well as transports intrastate natural gas through its assets in Oklahoma. This segment also owns or reserves storage capacity in underground natural gas storage facilities in Oklahoma, Kansas, and Texas. Its Natural Gas Liquids Gathering and Fractionation segment gathers, treats, and fractionates NGLs produced by natural gas processing plants; and stores and markets NGL products. The company’s Natural Gas Liquids Pipelines segment operates FERC-regulated interstate natural gas liquids gathering and distribution pipelines, which deliver unfractionated NGLs and NGL products to the natural gas liquids market hubs. ONEOK Partners GP serves as the general partner of the company. The company was founded in 1993. It was formerly known as Northern Border Partners, L.P. and changed its name to ONEOK Partners, L.P. in 2006. The company is based in Tulsa, Oklahoma.
Analysts'
Recommendation: | Buy |
| 30 Days Ago: | Buy |
|
| Analysts' Target: | $69 |
| Analysts' Targets |
| Avondale Partners | $72 |
| Buy |
Thursday, May 01, 2008
|
| RBC Capital Markets | $66 |
| Sector Perform |
Tuesday, March 25, 2008
|
OKS has been rolling between about $54 and $64 and is now nearing that $54 support. It goes ex-dividend on the 29th so a dip can be expected. Earnings will be announced on 8/5. At current prices, the annual yield from distributions is about 7.67%.
$54.86 (07/26/08)
