ONEOK Partners gets good press
A columnist at the Investopedia Web site today gives a recommendation to investors to buy Tulsa-based ONEOK Partners. Aryeh Katz says the pipeline partnership boasts solid fundamentals.
Oneok Partners (NYSE:OKS) operates oil and natural gas pipelines in the American West and Mid-west and currently trades at $55.60. The yield is a solid 7.63% (paid quarterly) and the price-to-earnings ratio is a mere 10.75. Oneok Partners is a leader in the pipeline field. Management has built a strong balance sheet and cash flows, and has recently been raising the dividend and buying back stock.
In light of recent news about state-based energy partnerships, it’s nice to hear some good things about a local entity.
Don Mecoy
Business Writer
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment