ONE Gas, Inc. (NYSE:OGS) Receives $72.69 Average PT from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have received a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $72.69.

Several research firms have weighed in on OGS. Bank of America assumed coverage on ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock. Jefferies Financial Group initiated coverage on ONE Gas in a report on Monday, December 9th. They set a “hold” rating and a $79.00 price objective on the stock. Stifel Nicolaus boosted their price objective on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, Wells Fargo & Company reduced 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.

ONE Gas Price Performance

ONE Gas stock opened at $67.97 on Friday. The firm has a market capitalization of $3.85 billion, a P/E ratio of 17.70 and a beta of 0.71. The business has a 50-day moving average of $72.63 and a 200-day moving average of $70.40. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas has a 1 year low of $57.74 and a 1 year high of $78.89.

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

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is currently 68.75%.

Institutional Investors Weigh In On ONE Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Rothschild Investment LLC bought a new stake in ONE Gas during the second quarter worth about $30,000. Van ECK Associates Corp increased its holdings in ONE Gas by 11.1% during the second quarter. Van ECK Associates Corp now owns 14,429 shares of the utilities provider’s stock worth $921,000 after buying an additional 1,437 shares during the last quarter. Rhumbline Advisers raised its position in ONE Gas by 3.8% during the second quarter. Rhumbline Advisers now owns 210,421 shares of the utilities provider’s stock worth $13,435,000 after acquiring an additional 7,680 shares in the last quarter. Victory Capital Management Inc. lifted its stake in ONE Gas by 0.7% in 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 during the last quarter. Finally, Arizona State Retirement System grew its position in shares of ONE Gas by 3.9% in the 2nd quarter. Arizona State Retirement System now owns 15,830 shares of the utilities provider’s stock valued at $1,011,000 after acquiring an additional 590 shares during the period. 88.71% of the stock is owned by institutional investors.

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.