Brokerages Set ONE Gas, Inc. (NYSE:OGS) Target Price at $72.07

Shares of ONE Gas, Inc. (NYSE:OGS) have received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $72.69.

A number of equities research analysts have weighed in on the stock. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a research note on Friday, December 6th. Bank of America began coverage on ONE Gas in a research report on Friday. They set a “buy” rating and a $77.00 price objective for the company. Jefferies Financial Group assumed coverage on ONE Gas in a report on Monday, December 9th. They issued a “hold” rating and a $79.00 target price on the stock. Morgan Stanley upped their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company dropped their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new stake in shares of ONE Gas during the 3rd quarter valued at $3,135,000. Franklin Resources Inc. grew its stake in shares of ONE Gas by 4.6% during the third quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider’s stock worth $50,785,000 after acquiring an additional 31,045 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of ONE Gas during the third quarter valued at about $45,000. Sanctuary Advisors LLC purchased a new position in shares of ONE Gas in the 3rd quarter valued at approximately $422,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in ONE Gas by 234.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock worth $4,539,000 after purchasing an additional 42,724 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Up 0.2 %

ONE Gas stock opened at $70.38 on Wednesday. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The business’s fifty day moving average is $73.86 and its 200 day moving average is $69.33. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The stock has a market capitalization of $3.99 billion, a PE ratio of 18.33 and a beta of 0.70.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results 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). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. During the same period in the previous year, the business earned $0.45 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that ONE Gas will post 3.88 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.75%. ONE Gas’s dividend payout ratio is presently 68.75%.

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.