ONE Gas (NYSE:OGS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

ONE Gas (NYSE:OGS) had its price objective raised by equities researchers at Morgan Stanley from $68.00 to $70.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would indicate a potential downside of 4.25% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a report on Monday, March 17th. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Stifel Nicolaus lifted their price target on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group reduced their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, ONE Gas currently has an average rating of “Hold” and a consensus price target of $72.44.

ONE Gas Price Performance

ONE Gas stock opened at $73.11 on Thursday. ONE Gas has a 1 year low of $58.31 and a 1 year high of $78.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. The company’s fifty day moving average price is $72.29 and its 200 day moving average price is $72.38. The stock has a market capitalization of $4.38 billion, a P/E ratio of 18.70, a P/E/G ratio of 3.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.34. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $973.58 million. As a group, equities research analysts anticipate that ONE Gas will post 4.26 earnings per share for the current fiscal year.

Institutional Trading of ONE Gas

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in ONE Gas by 11.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,887 shares of the utilities provider’s stock valued at $269,000 after buying an additional 394 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ONE Gas by 7.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,951 shares of the utilities provider’s stock valued at $12,808,000 after buying an additional 12,593 shares during the period. Voloridge Investment Management LLC purchased a new stake in ONE Gas in the 4th quarter valued at about $1,301,000. Squarepoint Ops LLC raised its holdings in ONE Gas by 12.0% in the 4th quarter. Squarepoint Ops LLC now owns 23,842 shares of the utilities provider’s stock valued at $1,651,000 after buying an additional 2,557 shares during the period. Finally, Twinbeech Capital LP purchased a new stake in ONE Gas during the fourth quarter worth about $215,000. 88.71% of the stock is currently owned by hedge funds and other 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.