Analysts Set ONE Gas, Inc. (NYSE:OGS) PT at $66.92

Shares of ONE Gas, Inc. (NYSE:OGS) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $68.30.

OGS has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company increased their target price on shares of ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th.

ONE Gas Stock Down 0.2 %

Shares of NYSE OGS opened at $73.61 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average of $71.48 and a 200-day moving average of $66.68. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 3.82 and a beta of 0.66. ONE Gas has a 12 month low of $55.50 and a 12 month high of $74.99.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $354.14 million for the quarter, compared to analysts’ expectations of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. Sell-side analysts expect that ONE Gas will post 3.86 earnings per share for the current fiscal year.

Institutional Trading of ONE Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Diversified Trust Co lifted its position in shares of ONE Gas by 7.3% in the 1st quarter. Diversified Trust Co now owns 10,208 shares of the utilities provider’s stock worth $659,000 after purchasing an additional 692 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of ONE Gas by 147.8% during the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 479 shares in the last quarter. State of Michigan Retirement System grew its stake in ONE Gas by 2.3% in the first quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider’s stock worth $878,000 after purchasing an additional 300 shares during the period. Tradewinds Capital Management LLC raised its holdings in ONE Gas by 4,411.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,534 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of ONE Gas by 1.4% during the 1st quarter. Maryland State Retirement & Pension System now owns 47,379 shares of the utilities provider’s stock valued at $2,904,000 after buying an additional 655 shares in the last quarter. Hedge funds and other 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.