ONE Gas (NYSE:OGS) Downgraded by StockNews.com to Sell

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

A number of other equities research analysts have also recently weighed in on OGS. Morgan Stanley lifted their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company reduced 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 note on Wednesday, November 6th. Jefferies Financial Group began coverage on shares of ONE Gas in a research note on Monday, December 9th. They set a “hold” rating and a $79.00 price objective on the stock. Stifel Nicolaus upped their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, Bank of America began coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.69.

ONE Gas Stock Up 0.2 %

ONE Gas stock opened at $68.21 on Thursday. The firm has a market capitalization of $3.86 billion, a P/E ratio of 17.76 and a beta of 0.71. The company has a 50-day simple moving average of $72.53 and a 200-day simple moving average of $70.45. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

ONE Gas (NYSE:OGS) last posted its 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 firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. ONE Gas’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. As a group, equities analysts expect that ONE Gas will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On ONE Gas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas purchased a new stake in ONE Gas in the 3rd quarter worth approximately $3,135,000. Pathstone Holdings LLC increased its stake in shares of ONE Gas by 113.5% in the third quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock worth $1,688,000 after acquiring an additional 12,060 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of ONE Gas by 234.1% during the third 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 acquiring an additional 42,724 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in ONE Gas by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock valued at $56,438,000 after purchasing an additional 18,889 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in ONE Gas by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after purchasing an additional 18,477 shares during the last quarter. Institutional investors and hedge funds 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.