StockNews.com Upgrades ONE Gas (NYSE:OGS) to “Hold”

ONE Gas (NYSE:OGS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other analysts have also weighed in on OGS. Stifel Nicolaus increased their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research note on Friday, December 6th. 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 research report on Wednesday, November 6th. Jefferies Financial Group decreased their price objective on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Finally, Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.31.

ONE Gas Price Performance

OGS stock opened at $73.08 on Thursday. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The firm has a market capitalization of $4.14 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 3.65 and a beta of 0.72. The company has a fifty day simple moving average of $70.19 and a two-hundred day simple moving average of $71.47. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, meeting the consensus estimate of $1.34. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.89% and a net margin of 10.70%. Analysts anticipate that ONE Gas will post 4.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. UMB Bank n.a. grew its position in shares of ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 362 shares during the period. Coppell Advisory Solutions LLC purchased a new position in ONE Gas during the fourth quarter worth approximately $26,000. Transcendent Capital Group LLC grew its holdings in ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares during the period. Crews Bank & Trust purchased a new stake in shares of ONE Gas in the fourth quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of ONE Gas during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Company Profile

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.