Jefferies Financial Group Issues Pessimistic Forecast for ONE Gas (NYSE:OGS) Stock Price

ONE Gas (NYSE:OGS) had its price target cut by equities research analysts at Jefferies Financial Group from $79.00 to $76.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 9.99% from the company’s previous close.

OGS has been the topic of several other research reports. LADENBURG THALM/SH SH downgraded ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target on the stock. in a research note on Friday, December 6th. Wells Fargo & Company decreased their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, January 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and a consensus price target of $72.31.

ONE Gas Trading Down 1.2 %

Shares of OGS opened at $69.10 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 5.70 and a beta of 0.71. The stock has a fifty day moving average price of $71.40 and a two-hundred day moving average price of $71.20. ONE Gas has a 52-week low of $57.74 and a 52-week high of $78.89.

ONE Gas (NYSE:OGS) last issued its quarterly 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). The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. Analysts predict that ONE Gas will post 3.89 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

Hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC increased its position in shares of ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 266 shares during the period. UMB Bank n.a. boosted its holdings in shares of ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 362 shares in the last quarter. Crews Bank & Trust bought a new position in shares of ONE Gas in the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB acquired a new position in shares of ONE Gas during the 3rd quarter worth $45,000. Finally, GAMMA Investing LLC lifted its holdings in shares of ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares during 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.