ONE Gas (NYSE:OGS) Rating Lowered to Neutral at LADENBURG THALM/SH SH

ONE Gas (NYSE:OGS) was downgraded by analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $75.50 target price on the utilities provider’s stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 3.97% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Morgan Stanley raised their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company decreased their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $70.92.

ONE Gas Stock Performance

Shares of OGS opened at $72.62 on Friday. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The company has a 50-day moving average of $74.09 and a two-hundred day moving average of $69.03. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 18.91 and a beta of 0.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that ONE Gas will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after acquiring an additional 272,923 shares in the last quarter. Wellington Management Group LLP raised its position in ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after acquiring an additional 645,566 shares in the last quarter. Victory Capital Management Inc. raised its position in ONE Gas by 0.7% during the second quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock valued at $93,873,000 after acquiring an additional 10,189 shares in the last quarter. Geode Capital Management LLC raised its position in ONE Gas by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock valued at $100,836,000 after acquiring an additional 18,477 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in ONE Gas by 10.4% during the third quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after acquiring an additional 98,489 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.